Big Brother Naija reality show star Pere Egbi has explained that he doesn’t own a car because it isn’t an investment.

He berated those who squander their money on exotic cars, stressing that landed properties and businesses are assets but not cars.

Speaking in the latest episode of the Spill With Phyna podcast, Pere said, “Car no be investment. A house is an asset, a business is an asset. Using all your savings to buy cars is unnecessary.

“Right now, I don’t own a car. I used to drive a brand new lexus LS570 but I sold it because I needed to put the money into my film. It’s an investment. At the end of the day, I made more that from the film.”

He also disclosed in the podcast that he got married at the age of 25 in the United States.

He said his marriage crashed because his ex-wife suspected that he was having an affair with a female friend.

Pere was evicted from BBNaija AllStar before the grand finale. The reality star earned himself a spot in the season’s finale after surviving the previous week’s eviction by votes.

He secured the fifth position on the show.