Onoriode Esiri aka Dr Sid in an interview with Punch today to promote his
new album revealed that the house he recently built and currently lives in was bought on
mortgage and he is not ashamed to say it. He says its a N110million house and
he pays his mortgage monthly
In the interview he praised Wande Coal for leaving Mavin Records but expressed his distatste at the habit of some artists leaving a record label and later talking bad about the label."I put a mortgage payment plan in place, based on the savings I had made four years before I started a career in music. I am still paying for the house. And by the grace of God, I will get a second one soon. I pay close to N1m a month and sometimes, more. I am going to do this for the next 25 years and I am not ashamed to say it,” he said. Continue..
"I am happy and honoured to be signed onto Mavin Records. I have a lot of respect for Wande Coal. He made a brave move and I wish him all the best. But I will not support anyone bad mouthing the label. With regards to Mavin Records deal, Don Jazzy has given me the opportunity to leave whenever I want to, but I won’t leave and start saying something else.”
With his wedding taking place in July, Dr Sid talked about his fiancee, Simisola Osomo
"She understands what she is getting into. My female fans respect me and I also feel my relationship inspires them in different ways. So I guess that from lust and attraction it has moved to admiration,”
156 comments:
dats gud for him
This guy talks very wisely.. He'z the most brilliant entertainer I know in Nigeria
No be only N110 million...this celebrities should be honest once in their life time.
Dear LIB Reader u need to see this crazy nude of Maheeda....hit my name to see
Sounds pretty mature
Well said. Good luck Mr Siduction. May God continue to bless ur hustle.
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Not a Smart Move, in 25 years time you would have paid 500 million for a. 100 million naira house. Mortgages in Nigeria with their high rates are not advisable unless you plan to pay off in 1 or 2 years....
First of all I wish you a happy married life in the future,2ndly I think u r inflating the price of your house and 3rdly am not such a fan anyways finally wande leaving is not ur business so shut ur mouth abeg
Brave move son, Thanks for coming out clean too because i see alot of entertainers in my neighborhood living like the money fell from the sky forgetting their roots and source of income... Knowing what you are faced with, would stare you up to double your hustle...!!!
God will continue to bless you sid for saying it out loud,some fake celebrities will be bragging all around displaying sh*ts they borrowed on instagram!
We done hear u .....
Nice one Dr Sid nd all the best, sky is ur limit
He is a reasonable business man!
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His pecuniary wit isn't bad, nice one! Keep getting upwardly mobile.
Nyc 1 dr sid..I luv u 4dis
Clap for ursef, shit i wouldnt try. Ike di gi.
Big ups to you man. Planning a good life for yourself and wife not like some pple that keep buying wrist watches. If them come say make we donate money for Kidney ehn!!! *lips sealed*
#Via Smile 4G network
Mortgage is a wise decision. He shouldn't be saying he's not ashamed. Anyway Nigerians lack mortgage culture. Thumbsup Sid for ur wisdom
Nice1.
I like people who are bold enough to share their personal life...Nice one @Dr. SID
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Simi hope say dey never handcuff u ooo,do mk he marry u cos dis gbese na 25yrs gbese oooo....and by dat time u go Don 70 lol
This what you get from a learned and well bred individual
There is nothing wrong with building a house with mortgage, that's how it is done in developed countries. if you wait till you have cash to build a dream house you go old
Mortgage 4 25yrs?...OK oh.y shack para 4 ur headache.bt surulere doesn't realy apply 2 d house.happy 4 u.wish u all d best onoriode.
#Nothing does you Dude...,if it's #True....
#Word....!
Dats d easiest way my brother so u don go bankrupt. Nice one.
Atleast he's truthful enough to admit it. Wish him all the best.
Talk of an Educated fellow.
110million ko 110m ni...long hiss..Linda the way u dey call money eehn!!! Annoying, meanin he is payin 300m in 25yrs! Issorite
One of the most intelligent, level headed, reserved, and highly respected Nigerian celeb.I personally have come to respect and admire him a lot.
This is what it means to be educated.
My people education is veryyyyyy important.
Mike Obi's future wife.
I love me some Dr Sid,he has never been too materialistic or showy.
This is the real celebrity to me (person of distinction) by this singular u've encouraged others to get a house of their own.
~BONARIO~says so via NOKIA LUMIA
What a unique plan of getting things done
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Okay......and pls be sure to clear ur debt.......nice move though.
liar liar pants on fire! mortgage indeed!!! And Linda biko comot this chewing stick abi na toothpaste icon.
God bless dis guy for saying the truth..nice one..so linda u refused to post my comment ystdy abi?..I just de observe u..jisike.................#King
Dr Sid, that is the way to go and we very proud of you.The word "Ashamed" is a misnomer here because most of the homes owned in the US, Europe and developed economies are by Mortgage.The bigger word "Shame and Financial Ignorance", should be reserved for those who would have bought for cash.You need to enlighten your colleagues.
Big congrats to him, really Inspired. Listen to Wizkid's Roll It (Remix) Ft. Akon And Banky W
Thanks for being truthful..............
that horrific vidoe made me go to the toilet 2times in 15mins cos of fear.That is inhuman....
Well, kudos to you. But to a large extent, I don't see the need to make this public..
Smart interview, smart guy, I've loved dr sid from d beggining!
Goodluck
Dr Sid close mouth , we know a large chunk of d equity that u used to pay for the house was provided by ur mum thru ur late dads account . How much do u mk from music , I just don't know y all these celebs keep on washing us . Even ur oga don j de pay rent for Nicon estate , livin above his means . 110 million that ur house cost , is it not too much , what happens if u loose ur contract wit Mavins or ur music stops selling within 5 yrs which is possible , how will u manage d remaining 20 yrs . Most Nigerians just wanna liv big and end up havin financial issues , b4 u went into this expensive mortgage , did u remember that u Neva born and will raise a family , send ur kids to Skool and provide for ur family . U dint hv to get that hse , they hv cheaper houses but every1 wants to liv in lekki . We are just too fake in this country .
well said, well done, well heard, well understood.....yaxx
This is one of the reasons why i respect Dr Sid alot, his always true to himself, real niccur, nice 1. See more photos from Nicki Minaj's Myx commercial sexy photoshoot
Is good to be u, God is with u.
Hmmmm, money well spent!
So fuk wat! Y do u fake niggaz like sho off..is dat d oda of d day,if itz nt 1 wrist watch,e go b car, nw diz 1'z jus lookn fo cheap hype and publicity and our amebo linda wud jus provide dem d platform..Oshi..NXT!
#OBIE CHOX googl it..
Thanks Dr SID for giving a lot of we young Nigerians hope. Most of us think there is one money somewhere that people are making codedly and just living in luxury. Just have a steady source of income and plan the rest to suit your lifestyle. Thaks for opening up. #dorosurulere
BTW Linda thanks for introducing me to www.LagMarket.com been doing my grocery shopping there since you talked about them few months ago. #happyday
Good for him #bright bravo#
Good interview.. Good Morning!
Remind me when last this dude dropped an album again?
There's nothing wrong with buying a house with a mortgage
Mmm nice n God help you
#DoroSuru,DoroLere# More grace bro,like d humble nature,God will honour U̶̲̥̅̊ .
Diz guy sef..I dnt kn wat he singz tho,am nt a fan anyway! Rubbish NXT abeg
Bonario you are a double-edged fool, uyr hatred for jonathan isn't making u reason outside d box,to think dat u had d guts to call osita short is annoyin cos u r a short ram..everyone must not buy ur idea concerning dis chibok missing gals story, ppl are entitled to their opinions even twins have diff opinions..now run along and buy chewing gums and sweets for mi, obversabi houseboy like u dat still stays with his parents at his age , dr sid takecr beta pikin
Goodd for him... he is one of the 5 i respect
Goodd for him... he is one of the 5 i respect
Dats his business nt mine
Joyc teddybear
Linda I wanna see desmond eliot o
Dats wonderful to knw... he is so unique in type. I wish success guy
Paying 1million naira evry month for d next 25yrs? Wow! I pray u continually make more than dt evrymnth for d nxt 25yrs cos if anytin happens otherwise.....congrats doe! U don try
I think some people should think before they comment. Someone who was truthful about the fact that he built the house on a 25 year mortgage, will he then lie about the house being N110 million? Instead of peeps to be praying to God to give them wisdom to own a property, they are busy bad mouthing someone who has a house and is going for a second one. Own yours and leave people who have their's alone. That said; Congrats to Dr. SID.
I think some people should think before they comment. Someone who was truthful about the fact that he built the house on a 25 year mortgage, will he then lie about the house being N110 million? Instead of peeps to be praying to God to give them wisdom to own a property, they are busy bad mouthing someone who has a house and is going for a second one. Own yours and leave people who have their's alone. That said; Congrats to Dr. SID.
Lmao 😂😂😂 this killed me, epic comment.
Its bad,he culd get a comfortable apartment for 2mil a year in a choice location.build a twin duplex,become a landlord .12mil a year could get u close to 12yrs rent n under 12yrs u would hv built urs wit d balance
25 yrs? Not a wise move
Good initiative about the mortgage. But I feel he has over stated/ over priced the amount his paying...
Why would u pay 1 million a month for 25 years? doesn't add up, if I may say.
1 Million a month equals 12 million a year, according to him house is worth 110 million. dividing 110 by 12 wouldn't give up to 25 years. Adding profits for the company giving mortgage also with the premium his paying every thing shouldn't be more than 15 years.
Well Just saying....
HahahahahahaAaa! Nw dts funny!
25yrs is quite a long time but goodluck.
Mumu, he his educated, if music fails him, he can invest in his discipline, and I doubt if u are as wise as he his cause u just posted a foolish comment. My advice for u "grow up".
That's quite on the high side as you are paying over 100% profit to the mortgage company since u are paying 300M for a house that was worth 110M.
PERFECTLY TRUE TALK !!!
Thank u! It doesnt make sense at all. God forbid but wat if he dies bf then? Aside frm dt, is he sure of making 1m every month for dt long? Doesnt he hav othr responsibilities? It doesnt mak sense. Naija ppl, learn to cut ur coats accordin to ur sizes. Dr Sid, bettr start hustlin for a political post else, it may not end well
Folks,y read linda's blog when u knw u won't get any gossip or gist abt Tiwa savage here. Linda's ass kissing is nw getin annoyin..smh
I think dr sid knows what he's doing. If u lik talk from now till next year d did has been done. #shikena
Linda will put anyodr celeb's photo showing their derriere except tiwa's
All of you abusing him should shut up, I no if you have such opportunity you will all grab it.....be grateful for other people's success, so that others can rejoice with you. Nigerian are hypocrite God help us all.
Well He has plans
good for him ooooo
wetin de word shame dey do for mortgage matter...dat is d normal tin pple do to own houses bikko...or maybe na d naija mentality of trying to buy properties fully even if de dem no get d money or na d morgage system wey no de work for naija make u bring in d word shame.
WE DON HEAR
KUNLE AFOLAYAN STARTED THIS HONESTY TREND...DR SID IS OBVIOUSLY VERY HUMBLE AND SPEAKING TRUTHFULLY INSTEAD OF MISLEADING PPL INTO THINKING THESE ARTISTES LEAD A LARGER THAN LIFE LIFESTYLE...IT IS THE INTELLIGENT ONES LIKE DR SID AND KUNLE AFOLAYAN THAT KEEP THINGS REAL...ALL THE OTHER MONEY MISS ROAD ARTISTES NEED TO LEARN TO BE HUMBLE AND LEAD A LOW PROFILE LIFESTYLE...
This guy is so cool, he's never in the news for bad reasons.. I respect you o jare..
My hubby and I put in all our savings into buying a land and we have been able to raise it to linted level,we are both working and by God grace before early next year we wud complete our home.Amen.We tired asking families for mortgage but so shocking they refused assisting us,even when we meet big madams and ogas all they say is IT IS WELL, I have told my hubby that God that has started this project for us will complete it for us and will we dedicated it to him come next year.Amen.To new couples out there my advice for you is that you should place your goals right.Work towards been your own landlord that will solve more than 90% of your issues cos landlords will not take a break on increasing rent at all.Majority of our parents live in their own house.Even if its an half plot,its still somethg.
Well He has plans
As in!!!...Y cudnt u just buy a mighty house of ten million and u b done paying for it by NoW!! Must u guys show...dats a big big dick move if u think u gonna b getting one mill per month forever what if the money stops coming in...What u gonna doo???...Rituals????
Stupid Investment
AS in!!!..one mill per month...U can always get a mighty house for 10mill and u b done paying for it by now..Must u guys show?????what happens if u cannot keep the money flowing in anymore...what nxt???...Rituals??...Drugs???...If what u saying is true ...its basically very stupid thing to do!!!
#WATCHOUTFORTHISGUY
I can see u have cancer....taut
Lindiway wia u dey ohhh come here.
Dr DRE is now d first black billionaire. He has knocked diddy wiv apple buying 'beats by dre' for 3.2billion. go look for the video on instagram wia tyrese was crib walking out of joy. Wow so happy for him. even didy has congratulated Dr DRE.
AS in!!!..one mill per month...U can always get a mighty house for 10mill and u b done paying for it by now..Must u guys show?????what happens if u cannot keep the money flowing in anymore...what nxt???...Rituals??...Drugs???...If what u saying is true ...its basically very stupid thing to do!!!
#WATCHOUTFORTHISGUY
Dr sid ure just a fuckin liar,u paid 10yrs rent 4 d house,u didn't buy it onirooshi
God bless you more Sid and yes i am a huge fan of your music
Which kind mortgage be that?
Honest man...rare! Most people will hide the fact just to look good in public eye!
Words of wisdom! U couldn't have said it any better. 110 million is too much.fake ppl living fake life.both p square tooo all those their cars and houses all na wash.
Adaora
At least he's better than DJ FREEZE who uses millions in buying wrist watches. Very vain man with no sense. Dr Sid i love u jere..........
@Richesofsolomon say::Dats y Education is important.it nurtures ur talent and provides a good means of reasoning...wise investment,hu knows if he is also a shareholder in d mortgage company(Investment)..I know most broke celebs,dy r now regretting it..Onos,I pray God helps u pay back as at wen due.
So he would have paid N300 million in 25years for a sh*t looking house. That is enough to buy a decent house in London (£1.2million). Either a sh-*t investment choice or he is lying
Yes I love his guts,humble and wise.God bless your hussle................pretty T
Hahahahahha are u guys not flingin again? Dis quarrel tite ....lmfao
Dr sid u re d best.carry on jare!!!
Sm people are very poor dat wen others qoute amts d will be consumed. Furnishn a tush house is costly. Dinning tables cost over N1m n I knw most people are used to 90k so wen u say it u cos trouble. Raul guess u are student right? Dr Sid u talk like a wise dude.
500m in 25yrs @close to 1m per month! Oga hw did u get dat?
Smart move Dr Sid.
I must say but am i the only Nigerian that sees your 'Shade'
So let me say it...
Back then you should have saved and either rented out a place or moved in with Don Jazi.
Don is Evidently not a good person. Why all his members are always broke while they are with him. 110m on a house? when its not banana island 500m?
This man has a wedding and a family to start and is paying 1m a month on some monstrosity. Its not serviced. So he still has to pay for diesel, water, food, nepa....
Leave Wande alone. The guy is pained and was pimped and cheated by don.
My dear check d price of land in d said location and also d furnishin mayb den u'll be well informed.
Sorry Dr. Sid but this way is not an option for me. If I read it well, you said that your house costs you 110m and you are paying 5million a month sometimes even more. And you will be paying the next 25 years.
5m x 24 = 120m
Why put yourself a burden of 25 years, when you can have it for 2 years. Or are there some informations you don't want to tell?
O!Boy!!U jus went AWOL ...nawa oo where hav u been...bonario has taken over thy house..thy children nw read tiny heads lik edreamz, wateva of toronto etc comments..alloy chikezie has been competin fairly wit Bona..Onyinye Gloria is nw Queen of d house..welcom back
Can we start having mortgage payment plan for bride price? That wud be nice
You sound like an illiterate,there's absolutely nothing wrong with mortgage,as long as he has a steady source of income 1M can't be too much 4 him to pay yearly.Dnt go n try to mk moni for urslf,stay here n be hating
I 4got to add Bona has upgraded to Lumia too infact a lot has happenedto thy household
O!Boy!!U jus went AWOL ...nawa oo where hav u been...bonario has taken over thy house..thy children nw read tiny heads lik edreamz, wateva of toronto etc comments..alloy chikezie has been competin fairly wit Bona..Onyinye Gloria is nw Queen of d house..welcom back
chai chai dr Sid why celebrity dey lie pass Ruben abati chai chai this house for lekki na im u buy 110 milla and u buy am for mortgage lets get serious dude this crib aint worth more than 7omill any one dats disputes it got to prime property's and homes at lekki and find out.
Na so May D say im buy dup for magaodo only to find out say na rent chai chai all these lies way una dey share make una remember say there is God o
Nice of him.. lyk d way he talked abt wande coal
This is not wise at all...he should have gone for a house that he can afford, paying close to a mil monthly for 25yrs? mehn! he has no savings again
Its good he is honest. .but paying for a house for 25yrs is not a smart plan...he clearly cant afford the house,he would have gone for something more modest..he wont be singing hit songs forever..and thats how stars loose everything they have after a while. ..live smart my brother. .be yourself..don't try to be like someone else...good luck to you man!! Ur sure gonna need it..
Good for him.CHI.
that house is overpriced. and how do you pay 110M in 25 years. there's something wrong.
If he realy pays #1m or close to it monthly, how on earth is he talkin abt stil payin it in d next 25yrs? Abi na me no read am well? Good for d house anyways
You call Bonario a fool yet you use his name as part of your profile name? Are you ok? He's entitled to his opinions.
You respect wande dats good. When u can sing a hit banger am sure u'll be considering leaving too. Cos mortgage dey there naw o.....
Great One Bro! Your Estate Acquisition strategy is superb, so long as you have the cashflow from your business to cover the mortgage payment. Its a nice one. Why will you be ashamed of teaching other celebrities how to prudently invest in properties?
Buying a house wit mortgage is cool, buh 110m???? chei chei chei Not so wise! U would be indebt for 25 yrs? wat happens to a house worth 40m or 60m dat U could pay off in less than 10 yrs? No wonder he was so happy wen MTN welcomed him.
And you claim to be his fling? God help us in Naija. Lots of hypocrites...
Big up dear....c y I luv sid,he is wise nd real unlyk sum fake ass celeb we knw.... Back 2 d matter #bringbackourgirls
What do u know about real estate?????...shaarraaaap!!!!
R bt y re u so pained!!!!if he is stayin wth his parents wats ur own?u d@ is here tlkn who re u stayin wth....oloshi....
Fool!
Linda pls educate your followers who are ignorant of how mortgage works and just open deir mouth. Dr said mortgage as he said is 110million mortgage which means he has borrowed 110million and he can choose to pay as much as he can within d next 25yrs.so pls tell ur ignorant fools DAT he is not paying 300millions.
You are a bigger if not the biggest fool alive you are insulting bonario but guess what? You are proud to call urself bonario's fling you dirty trash bag
Learn to read and understand properly before you portray your ignorance to the world!
Not a smart move.... Let's analyse it... The building is N110m, monthly payment of N1m for 25yrs=N500m..... Gosh!!! In 10yrs time he'll bkom loose weight drastically as the payment wud likely run him down... #think bro, the building is not like a business the u will be earn from to pay up the mortgage... If u had met anyone 4 advice b4 u jump into this, then I'll say u missed Dbanj.
=ANON 10:26AM. NA SO U DEY DISGRACE URSELF 4 PUBLIC. WAT DID U SAY HIS NAME IS AGN? DR SID, SO WATER BRAIN ANON,IF MUSIC DOESN'T WORK 4 HIM,HE MOVES TO HIS MEDICAL FIELD. HE IS NT A DUMMY LIK U WITH NO CAREER,HE IS A MEDICAL DOCTOR SO HE CN WORK WHILE STL DOING MUSIC. STOP TAKING PANADOL 4 SME'S HEADACHE. HIS FATHER'S MONEY IS HIS MONEY ABI NA UR OWN? BITTER HEART.
Are you supposed to be ashamed of mortgage ? In civilized world that is how people build their houses, or is it because there is plenty money to steal in Nigeria?
U know we will always talk, if he did not come out clean now we will say it's gvt money he used to build house. Am sure why he said it it's because of everybody building house and pple thinking they paid for the house outright or own it. At lease dude is sincere, also he made a down payment am sure so the 1mil a month for 25yrs is the rest of his mortgage umu
Bonario fling is pained cus bonario doesn't regard her, he only notices bonario's baby. Buhahahahaha! Change ur name if u know u gun be dissing ur fling.
That house is not worth that amount oga Sid!!!
Bonario fling is pained cus bonario doesn't regard her, he only notices bonario's baby. Buhahahahaha! Change ur name if u know u gun be dissing ur fling.
Dr Sid is far better than DJ FREEZE who is taking loans of millions of naira to buy wrist watches.
Dr sid pls can u explain wht u were doing at daytona in lekki1 packing all d condoms on thr shelve with one raz looking girl. Smh 4 u, naija men are full of shit. Guess u wanted to go in 4 some multiple sex ish.
I think Freeze is actually wiser buying watches than dr Sid paying 360 million for a house worth only 110 million. What if he can't meet payments or there is a recession and property loses value like it did in the western world where today properties in detroit can be bought for as little as 1 (one) dollar?have you ever taken these factors into consideration? He obviously has no financial sense whatsoever... Trust me
Very daft strory. 25years from now you will be how old again?
Don jazzy sef no fit na this underdog go pay 1m per month for 25 years. Are we this daft!
Very sill move, he would regret ir
Lies lies lies can dr Sid pay 1M monthly? Lol. We are so tupid in this naija
All I see is losses all the way. With interest rates up to 22.5 percent per annum, this guy is diggingan early grave
Smart!
you gotta love dr sid, i just became his fan watching his chat with toolz on the juice,hes so sensible,polite yet full of humor,i must confess i fell in luv with his personality
110million divided by 25 equals to 4.4 million per year.
If he decides to pay more as a result of improved earnings, then he liquidates the mortgage on time as he has alluded to and take up another, if he still wants to.
So where did you get your bogus figure, from?
Aheadahead9ja
I read this piece nd said to my sharp guy wiv nice move, but had a 2nd tot when I went thru d comments.I was forced to read again, "I am still paying for the house. And by the grace of God, I will get a second one soon. I pay close to N1m a month and sometimes, more. I am going to do this for the next 25 years"... After reading dat phrase(which you shld read again).... I smiled nd said "LIBERS!!!
Omote na wado. Abraka boy you ho make am pass dis. Go mark am down mummy Ify say so. Delta no dey carry last. Beefers stop grumbling, do you know whether he is running his dentistry clinic along with music? I beg make ina leave am.
Dr sid yhu should have seek for help from oga dbanj D KOKO MASTER
He is one of the most humble people i've met... do your thing, anything worth doing is worth doing well x
Too funny,nice update for prince charming.lol
The price of the house is the true cost as he lives close to my office and we just procure an office building in the next street for 120million.
It is a great investment.
Do not judge!
That is the true price, but he paid for 10years rent and will leave and move to another after that.and will now say this is his second house
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