The artiste made the announcement via his Instagram story on Friday, while sharing pictures and videos of the unveiling event at the bank’s headquarters in Lagos.
Officials for a popular commercial bank had pursued the singer, to Dubai in the United Arab Emirates for a crucial meeting, following the millions that flooded his account on the eve of his birthday.
In a recent post, Davido shared a video of the moment he signed the endorsement deal with the bank and captioned it;
The singer had jokingly solicited for funds on his social media pages, saying that anyone who had listened to his hit songs should send him cash, after which he posted his account details online.
Initially he said the money would go into clearing his Rolls Royce at the port, setting the target at N100M.
”If u know I’ve given you a hit song .. send me money …. una know una selves oo”, the DMW boss tweeted.
Davido later donated to charity all the N200million he received from fans and friends.
He added N50million of his own, to raise the total charity donation to N250 million.
All the money, he said will go to orphanages across Nigeria.