Davido Accused of Using Charity Donations as Cover up For His Meme Coin Failure

Famous singer Davido is facing a second wave of backlash after an update on his donation to 42 charity homes.

This comes after his fans made a significant loss by investing in his meme coin, $Davido, which experienced a huge increase in value shortly after its launch but crashed by over 90% within 24 hours.

Amidst the ongoing criticism, Davido released a letter from the Coalition of Orphanages and Children’s Homes in Nigeria (COCHIN) regarding his donation from February 2024.

The letter appreciates the singer while acknowledging that 42 out of the 52 orphanages under the coalition benefited from the funds. However, instead of generating a positive response, many critics accused Davido of using charity to cover up his crypto-fraud.

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Check Comments Below;

Ugochukwu_96 said: “I just pity all those who invested in the rubb!sh coin of yesterday. Many people lost their hard earned money because they are too stubborn 😣. Today you’re giving to the orphanage to receive public praise 😒.Same script all the time. Take from Peter and give Paul. No wahala na😒.”

Yemihazan opined: “My children school fees was invested in $DAVIDO plis… Give us update.”

Irunnia_ penned: “I am surprised that people still fall for this. This is clearly important and how Nigerians have not yet recognized it is funny.”

lidocaine_v2 reacted: “Where is my money? I used my japa funds to invest in $DAVIDO like you advised. Give me my money back.”

SirDavidBent noted: “Man knows the game. An expert at it.
– Rug folks
– Use charity and giveaway to boju.
It’s still a bit of surprise that many educated people who sing his praises haven’t seen through the pattern yet.😂”