Nigerian singer, Spyro has claimed that the reason some of his colleagues are financially bankrupt is due to extravagant spending on parties and foreign women, especially South Africans.

Addressing his fans midway into his performance at an event during the weekend, the ‘Who’s Your Guy’ hitmaker described extravagant spending on women and frivolities as wasted investments.

Spyro explained that it is okay to have fun and be generous to women but not extravagantly.

He urged his male fans to save and invest instead of spending on frivolities.

“If you are here and you are spending money on women I think you are wasting your time. I not saying you should not spend on your woman but use your head.

“I know some of my colleagues who went broke because they made their first bag and blew it off on parties and trips to South Africa. But I didn’t move that way and that is why I am where I am,” he said.

The singer claimed that immediately he became rich and famous many Instagram models reached out to him but he rejected even those who promised to sponsor their holidays in foreign cities and chose to focus on music and investment.