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October 4, 2023

How I lost N500 million – AY Comedian recounts how he failed to heed to his wife’s advice

Ayo Makun, better known by his stage name AY, has spoken out about losing 500 million Naira and ignoring advise that could have prevented it.

In a recent interview with media personality Chude Jideonwo, AY bemoaned the fact that his nightclub venture had failed despite a significant expenditure of N500 million.

AY claims that despite his wife’s warnings against starting a smoke-free nightclub, he ignored them and subsequently regretted it.

He described how, on Fridays, he would go to the club but that it would be deserted. At the time, he was unaware of the negative effects of having a smoke-free club on that sort of business.

The comedian claimed that the non-smoking club was created because his wife always returns home from parties with smoke-scented hair.

The stand-up comedian claimed that the potential to fill event venues with people for comedy performances was what drove him to do it. AY Comedian remarked:

“I woke up one day and I said to myself, ‘it’s time to open a nightclub’, ‘AY, if you can gather 6,000 people at Eko Hotel, what’s in a club that you can’t just gather 100 to 200 people buying drinks I think God just wanted me to know that ‘this one is not your calling’, ‘you are the one calling yourself’.

“It is good to have the right partner, my wife was strongly against it. I said, ‘No, it is good for networking and PR’. Shout out to all the guys who are doing it and getting it right.

“But I thought then that when I come, I am just going take all of them out of the market. It was a huge investment running to about N500 million.

“We put everything in place, the staff strength was solid, the interior was crazy and I will go there every Friday, I will look at the door and I am not seeing people coming. The opening was grand and massive. I started with a non-smoking club; I didn’t know that all these things go together.

“The wise ones will call me, and I will tell them that sometimes when I take my wife to the club when we get back her hair will be smelling of smoke, and women should have their wigs neat’. Long story short, I saw my ‘period’, it was very bad”.

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