King Sunny Ade's guitar was auctioned for a whopping N52.1million as the music star celebrated his 70th birthday on Sunday.

The man who bought the guitar was Nigerian mogul, Tunde Folawiyo, the son of late Nigerian businessman, Wahab Folawiyo.

Tunde Folawiyo Tunde is the managing director of the Yinka Folawiyo Group, a conglomerate with interests in energy, agriculture, shipping, real estate and engineering.

His father, Wahab Folawiyo, a well-known Nigerian businessman and Islamic leader, started the group in 1957 as a commodities trading outfit and served as chairman until 2008 when he passed away.

The company’s oil exploration firm, Yinka Folawiyo Petroleum, owns a 60% interest in an oil block that contains the Aje offshore field.