On Sunday, the DMW signee from Davido Music Worldwide revealed the incident on his Instagram page.
Olori, who posted pictures of the wrecked car, revealed that Davido, the head of his label, has already pledged to replace it with a new vehicle.
In addition, he urged the government to repair the dangerous Lekki road where the tragedy occurred.
"Thank God for life," he wrote. There is only one Godfather: @davido
Coming soon: a new whip.
"Make them try doing Lekki Road."
Logos Olori's 'Jaye Lo' music video caused uproar in July.
Davido, the head of the DMW, posted a part from the video in which people were dancing and praying in front of a mosque. This caused outrage, especially among Muslims who labeled it "disrespectful to Islam."
The DMW CEO eventually removed the "offensive" film from his social media platforms after first ignoring the accusations and produced a new video for one of his artists.
