Reekado Banks: Biography, Net Worth In Us Dollars & Career Highlights (2025)
Wahala for who never hear of Reekado Banks in 2025 o! If you're into Afrobeats and Naija vibes, chances are you’ve danced to at least one of his hits — whether it's “Katapot,” “Rora,” or the unforgettable “Ozumba Mbadiwe.” But who really is Reekado Banks, and how far has he gone in the game?
Let’s break it down: his story, his success, and his journey from being a Mavin wonder boy to standing tall as an independent music boss.
Early Life & Background
Real Name: Ayoleyi Hanniel Solomon
Stage Name: Reekado Banks
Date of Birth: December 6, 1993
State of Origin: Lagos State, Nigeria
Education: History & Strategic Studies, University of Lagos
Family: Last born of a music-loving, church-rooted household
Reekado Banks grew up in a humble, Christian home in Lagos where music and discipline were part of everyday life. His elder brother, a music producer, saw talent in him and started grooming him from an early age. That’s how “Spicy” (his first stage name) began laying the foundation for the Reekado we now know and vibe to.
How It All Started
Back in 2014, Reekado's life changed forever when his brother submitted a demo to Mavin Records during a talent search. Don Jazzy was impressed, and boom — Reekado Banks was signed to one of Africa’s biggest labels!
His debut single “Turn It Up” featuring Tiwa Savage dropped like fire, and just like that, a star was born.
The Mavin Records Era (2014–2018)
Let’s be honest — this period was golden. He wasn’t just a Mavin artist, he was the face of the next generation. Remember “Dorobucci”? That anthem shook Nigeria and Reekado's verse was unforgettable. He followed it up with bangers like:
- Katapot
- Sugar Baby
- Corner
- Problem
Then came the Spotlight album in 2016. It topped charts and even made it to #10 on Billboard’s World Albums Chart. Let that sink in — a Nigerian boy making waves internationally before it became “cool.”
Oh, and don’t forget his Headies wins:
- Rookie of the Year (2014)
- Next Rated Artist (2015) — yes, he beat the likes of Lil Kesh and Cynthia Morgan. Big flex.
Going Independent: Banks Music (2018–Present)
In December 2018, Reekado shocked fans by announcing his exit from Mavin Records. But he didn't just disappear — he came back swinging with Banks Music, his own record label.
From that point on, it was back-to-back hits and collaborations:
- Rora (2019): A slow-burn jam that still hits the soul
- You Dey Mad & Speak to Me ft. Tiwa Savage
- Need More ft. Kida Kudz & EO
- Ozumba Mbadiwe (2021): Let’s be honest, this one was the jam of the protest season
He also released two solid EPs:
- Off The Record Vol. 1 (2020)
- Off The Record Vol. 2 (2021)
Reekado proved he could still dominate the charts without Don Jazzy’s backing — and that’s no small feat in this tough industry.
Net Worth in 2025 (In US Dollars)
By 2025, Reekado Banks is no longer just a rising star — he’s an established boss.
Year |
Estimated Net Worth |
2021 |
$1.5 million |
2023 |
$1.8 million |
2025 |
$2.0 – $2.1 million |
Main income sources:
- Show performances (₦900K to over ₦1 million per gig)
- Music streaming (YouTube, Spotify, Apple Music)
- Brand endorsements (e.g., Glo in 2015)
- Royalties & label earnings via Banks Music
Despite keeping a low profile, Reekado’s money is long. He may not flaunt it on the 'Gram like others, but his wallet dey heavy.
Reekado’s Career in a Nutshell
Year |
Career Milestone |
2014 |
Signed to Mavin Records |
2015 |
Won Headies “Next Rated” award |
2016 |
Released Spotlight album – Billboard Top 10 |
2018 |
Left Mavin, launched Banks Music |
2019–2021 |
Released chart-toppers: Rora, Ozumba Mbadiwe, EPs |
2023 |
Signed distribution deal with Virgin Music Nigeria |
2025 |
Touring, releasing new music, growing his label |
Why Fans Still Love Reekado Banks
Reekado Banks is one of those artists that don’t chase clout, but always deliver. He’s consistent, mature, and his sound has grown with his fans. Whether he’s doing love songs, protest anthems, or chilled vibes, Reekado always keeps it real.
He’s also avoided messy drama — a rare achievement in an industry where clout sells more than talent.
Final Thoughts
From “Spicy” to Mavin golden boy to boss of Banks Music, Reekado Banks has truly evolved. He’s not just an Afropop singer; he’s a blueprint for how to grow in the industry with class and quality.
With a strong discography, a loyal fan base, and a net worth pushing $2 million, Reekado isn’t slowing down anytime soon. If anything, he’s entering his legend era — one low-key banger at a time.