Award-winning singer , David Adeleke popularly known by his stage name, Davido seems to have increased his endorsement fee.

The Afrobeats singer has requested $ 5 million for an endorsement with Billpoint.

The CEO and founder of the establishment, Linus Williams, disclosed the news on his Instagram page.

He stated that Davido’s team disclosed the cost of bringing the musician on board as an ambassador to his company.

It was gathered that Williams had initially prepared a whopping N150 million (approximately $205,000) for the singer.

“Re: Endorsement Deal Inquiry

Hello Mr. Williams, thank you for your email.

Davido’s endorsement fee is $5m for a full calendar year and is subject to review at the end of the endorsement period. Kindly let me know how you would like to proceed”.