Reekado Banks Net Worth 2020 and Biography

Reekado Banks Net Worth 2020 and Biography. Ayoleyi Hanniel Solomon popularly known as Reekado Banks was born on the 6th of December 1993, he is will be 24 on his next birthday this year. Reekado noni as he popularly introduces himself is a Nigerian Singer, recording artist and songwriter; he is currently signed to Marvin Records. Reekado goes by the stage name Spicy before he signed a record deal with Marvin Records.

Reekado Banks Net Worth 2020 and Biography

  • Full Name: Ayoleyi Hanniel Solomon
  • Date Of Birth: 6 December 1993
  • Profession: Musical Artist, Songwriter
  • Reekado Banks Net Worth: $600,000
Reekado Banks Biography



  • Background and Early Life

He is from a disciplined home, his father is a humble pastor from Ondo state while his mother is a caterer, his sister is a gospel singer and his brother is a producer so it can be said that music is in his family. Reekado had a godly upbringing as his disciplinary parent brought him up in Christian way. Reekado happens to be the last child of the family; he finished his secondary school at the age of 14 and proceeded to the University of Lagos where he studied History and Strategic study and graduated with second class lower. He started writing songs while he was in Unilag, his brother used to be his producer and he produced all his earlier song before he joined Marvin Records.


Music Career

Reekado started recording first set of his songs in 2008, his elder brother used to be his producer when he started singing. He produced all his earlier songs, tutored him in songwriting, rudiments of singing and the art of music production. His stage name Reekado Banks is the combination of the meaning of two names Reekado is translated to mean Strong ruler while Banks means wealth.  Reekado cited some big shot Nigerian singers as his musical inspiration, he said the likes of 2face Idibia, Olamide, DJ Jimmy Jatt, M.I and Don Jazzy inspires him.

According to Reekado, he joined Marvin Records as a result of an online talent hunt organized by Don Jazzy, when Reekado’s brother learned about the talent hunt he submitted some of Reekado’s songs to the music label without his consent. Reekado was contacted after his songs got into the hands of Marvin Records, he was screened and after passing through the laid down stages of the talent hunt, he was selected from over 5,000 song entries and signed to Marvin Records.

reekado banks net worth

Worth / Charges Per Show

Reekado’s debut single with Marvin Records was “Turn It UP” featuring Tiwa Savage, the song was released on the 21st of February 2014, it was the same day he was officially signed to Marvin Records. He later went ahead to feature in a collaboration song released by Marvin Records “Dorobucci”, the song featured many Marvin Superstars like Don Jazzy, Tiwa Savage, Dr. SID, Korede Bello, Di’Ja, and D’Prince. Dorobucci was released of the 1st of May 2014; it was a hit song that topped many charts for months.

Other songs released by Reekado are Katapot, Sugar Baby, Chop Am, and his current song Oluwa Ni, a song he used to appreciate God for his success in the Nigerian Music Industry so far. He has continued to wax stronger in the music industry, he has been invited to perform in several events and shows after he signed a deal with Marvin Record and he is currently enjoying the status of a Star.

Reekado Banks Awards and Nominations

Reekado Banks is a name that has come to stay in the Nigerian Movie Industry, this is obvious from the way the talented singer has been clinching various awards nominations and endorsement since he entered into the industry fully when he joined Marvin Records. He has the following awards and to his name:

  • Reekado Banks won the Headies Award for the Rookie of the Year 2014
  •  He also wonThe Headies Awards for Next Rated in 2015
  • He won the Headies Award for Video of the Year 2015 (Katapot)
  • Reekado also won City People Entertainment Awards for Most Promising Act to Watch in 2015
reekado banks cars


Reekado Banks Net Worth In Dollars

Many people are eager to know Reekado’s net worth because the young artist has continued to do well for himself since he signed that deal with Marvin Records. Reekado has an estimated net worth of $600,000, he became a household name after taking a part in the chorus of popular songs like Adaobi, Looku Looku and Dorobucci.

Reekado signed a deal worth millions of naira with Glo Nigeria along with his record label mates Korede Bello and Di’Ja in 2015. His albums kept soaring high, they topped charts several times and they are doing well in terms of sales. Reekado’s performance per show price keeps soaring too, a source disclosed to the media that he charges nothing less than 700,000 per show. Although the money will be shared with Marvin Records according to their contract agreement, one can safely say he is on his way to the top.


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Updated: — 4:05 am

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