- Financial leadership: Sharon Ademefun serves as the Chief Financial Officer for her brother Davido’s record label, managing his career and finances since its inception.
- Sibling friction: Their close personal bond frequently leads to heated arguments, primarily driven by her pushback against his extravagant purchases.
- Strict accountability: The duo holds mandatory weekly financial meetings in Lagos to review outgoing funds and curb spending on luxury vehicles and jewelry.
Sharon Ademefun, the elder sister of Nigerian music star Davido, has opened up about her close relationship with the singer and her hands-on role in overseeing his finances.
She has been involved in Davido’s career since its inception and currently serves as the Chief Financial Officer of his record label.
Navigating Family and Business
Speaking on an upcoming episode of The Morayo Show, Sharon described their dynamic as deeply personal yet strictly professional when necessary. She noted that she is uniquely positioned to tell him hard truths others avoid.
“I’ve always taken care of David. He’s always been my baby,” Sharon said. She explained that their close professional association often triggers arguments, particularly regarding his heavy spending habits.
“The problem is that me and David; we are always fighting. The one that other people can’t tell him, me, I’ll tell him,” she stated.
Managing Luxury Expenditures
Jewellery and luxury vehicles form the core of Sharon’s financial pushback against the award-winning artist. She regularly challenges his acquisitions of high-end cars.
To keep spending transparent, the pair hold weekly financial meetings in Lagos to review outgoing funds and maintain awareness of his overall fiscal standing.
What prompted Sharon Ademefun to regularly confront Davido about his finances?
Sharon Ademefun confronts Davido weekly over excessive luxury spending on jewelry and high-end vehicles. As the record label’s Chief Financial Officer, she conducts mandatory budget meetings in Lagos to ensure the Nigerian music star remains fully aware of his cash flow and overall financial position.
“If me and him sit down, we always have finance meeting every week because I think it’s important for him to know how his money is being spent. I always say, David, please, no more cars,” she concluded ahead of the broadcast scheduled for later this week.