Davido criticized over charity donation update amid fans' losses to $Davido coin
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Famous singer, Davido faces a second wave of outbursts following an update on his donation to 42 charity homes hours after his fans made a significant loss to his meme coin. This came amidst the loss incurred by the singer’s fans who invested in his meme coin, $Davido, which made a huge increase a few hours after its launch but crashed by over 90% in under 24 hours.

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Amid the unending backlashes trailing Davido, he released a letter from the Coalition of Orphanages and Children’s Homes in Nigeria (COCHIN) regarding his donation from February 2024. In the letter, the body appreciated the singer while acknowledging that a total of 42 orphanages out of the 52 under the coalition benefitted from the funds.

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However, while the singer’s post was supposed to generate a positive response, many criticised him for using charity to cover up his crypto-fraud.

Reactions as Davido gives charity update amid $Davido coin fraud

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. 😂”