A viral claim on X put a ₦40 billion valuation on Femi Adebayo's newly launched Euphoria 360 Hub in Lagos. Adebayo did not confirm that figure. Instead, TheCable reported that the actor and filmmaker responded publicly with disbelief, questioning where the number had come from. [1]
What is confirmed is the hub itself. Adebayo unveiled Euphoria 360 Hub in Oregun, Lagos, on October 6, and the facility was commissioned by Lagos State Deputy Governor Kadri Obafemi Hamzat. [2] [3]
Reports describe the complex as a multi-purpose production space with facilities for film, photography, editing, music, podcasting, post-production and training. Pulse also reported that Davido's B4 B4 music video had used the facility before its official opening. [1] [3]
The ₦40bn figure should therefore be treated as the rumor in this story, not as a fact attached to the property. Adebayo's response is especially useful because it gives readers a direct signal from the person at the centre of the claim rather than leaving the publication to infer whether the number is credible. [1]
This is exactly what Rumor Report is for: preserve the conversation people are actually having online, separate the confirmed details from the claim, and update the record if stronger evidence appears later. [1] [2] [3]
Published 8 October 2026 · By Spotlight & Shade Desk. Read our editorial standards.