Controversial journalist, Kemi Olunloyo, has reacted to the trending Wizkid vs Tony Elumelu’s net worth debate on Twitter.

Like most Twitterati, Olunloyo said Wizkid is not as rich as the UBA chairman because he built his wealth from fronting for former president, Ibrahim Badamasi Babangida.

This is coming after Wizkid was pictured hanging out with Elumelu in Mali on his Instagram page.

READ ALSO: Wizkid vs Tony Elumelu: Fans compare their net worth

Olunloyo who describes herself as an investigative journalist further said Elumelu managed IBB’s bank assets well and started his foundation.

Olunloyo made these claims on her Twitter page; she wrote;

“HNNOpinion WizKid is not as rich as Tony Elumelu. Brainwashed Nigerian youth don’t know that Elumelu is a front for IBB who owns @UBAGroup. Babangida had him as Chairman for so long and Elumelu built his wealth from fronting for him. It is all our oil money in the end?️??

“However Elumelu managed IBB’s bank assets well and started a foundation which is WORKING unlike most fraudulent ones. He empowers society. When Hakeem Bello-Osagie ran UBA, he ran it to the ground doing unlicensed forex deals and @cenbank blacklisted UBA. Ppl lost pensions!??

“#hnnopinion The same Bello-Osagie was the one who ran Etisalat aground with over $500M debt. Forced to leave UBA and Elumelu took over. He has since run the bank back to where it needs to be but 1995 workers lost their pension being laid off. I don’t know if they got severance.”