Social media commentator VeryDarkBlackMan has questioned the legitimacy of endorsement deals reportedly worth ₦500 million involving Nigerian singer B-Red, following the singer’s purchase of a Lamborghini.
The commentator raised concerns about two cheques allegedly associated with the endorsement agreements, questioning why documents attributed to different companies appeared to carry identical serial numbers.
B-Red, whose real name is Adebayo Adeleke, is the son of Osun State Governor Ademola Adeleke and a member of the Adeleke family, which has interests in entertainment and business.
According to the claims circulated by VeryDarkBlackMan, B-Red announced a ₦200 million endorsement deal with Armstrong Paints Limited in February 2025. Another purported endorsement cheque, valued at ₦300 million and associated with Evermark Homes, subsequently surfaced around July 2025.
Questioning the apparent similarity between the cheque serial numbers, the commentator called on the relevant financial institution to provide an explanation.
“Please, ladies and gentlemen, can you explain to me how two different companies issued this guy a cheque with the same serial number?” he asked.
He also called on FCMB to clarify the matter, alleging that the endorsement arrangements could have been used to disguise the source of funds for the singer’s luxury vehicle purchase.
VeryDarkBlackMan went further by describing the alleged transactions as fraud and money laundering, claims that have not been established by a court or confirmed by an independent investigation.
The controversy raises questions about the documentation of endorsement agreements, the verification of financial instruments and the importance of distinguishing public speculation from evidence of wrongdoing.
However, the alleged similarities between the cheques, the authenticity of the endorsement documents and the source of funds used to purchase the vehicle would need to be independently verified before any conclusions could be reached.
B-Red, the companies reportedly involved and FCMB should be given an opportunity to respond to the allegations. An expensive vehicle purchase or questions about cheque documentation do not, on their own, establish fraud or money laundering.