Billionaire and father of popular Nigerian singer, Davido, has acquired another private jet for long haul flights.

Mr Adedeji Adeleke’s jet, a Bombardier Global Express 6000 was bought for a whopping sum of over $62 million, equivalent to about ¢333 million.

Davido took to Instagram to express his excitement whole congratulating his father on “their new baby”.

Two years ago, the billionaire bought his first private jet at an estimated cost of $35 million.

Mr Adeleke is the richest man in Ogun State and the third richest man in Nigeria with a net worth of $700 million as estimated by Forbes, a business magazine.