Car is not an investment, I don’t own one – BBNaija’s Pere

Pere advices people to rather invest in real estate than squandering money on cars


BBNaija’s Pere has recently made a thought-provoking statement, expressing his belief that car is not an investment.

Reprimanding those who waste their money on luxury cars, he emphasized that businesses and real estate are assets, not cars.

Pere revealed in the most recent episode of the ‘Spill With Phyna podcast’ that he does not own a car.

He revealed that he sold his Lexus LS570 because he needed to put the money into his movie.

He said:

“Car no be investment. A house is an asset, a business is an asset. Using all your savings to buy cars is unnecessary.

“Right now, I don’t own a car. I used to drive a brand new lexus LS570 but I sold it because I needed to put the money into my film. It’s an investment. At the end of the day, I made more that from the film.”

He also revealed in the show that he was married in the US at the age of 25.

According to him, the reason his marriage failed was because his ex wife thought he was having an extramarital affair with a woman.

In the same episode of spill with Phyna, Pere claims that some BBNaija stars live fake life.

He said a lot of them flaunt lifestyles that are far out of their reach on social media.

Pere spoke in the latest episode of the Spill With Phyna podcast, hosted by former Big Brother Naija winner, Josephine Otabor, simply known as Phyna. In Pere’s words:

“Some of our BBN colleagues dey live fake life well well. A lot of them.”

The host, Phyna agreed with him, citing the claim by Khloe, a former Big Brother Naija housemate, who said she hasn’t flown in the economy class before.

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