Friday, 23 January 2015

Wow! D'banj Is Financially Down

However, another report from Encomium Magazine has added to the recent tale of the singer’s need for prayers concerning his financial challenges. Encomium made it known that it is now so bad that the Koko Master cannot even pay his staff. Some of his staffs are said to have called it quits. The A-list artiste is said not to be financially down, but he is totally broke! Sources close to the harmonica player made it known that some of his personal staffers are grumbling over unpaid salaries while

some of them have even left the team.
“D’Banj and some of his workers are at loggerheads over unpaid salaries.  Chu-Chu and Moses have already been withdrawn from his management for now.  Things are no longer at ease with the Koko master,” a close source revealed.A technology company, MindHub Technologies headed by one Henry Ojogho claimed he is even owing the company N60 million.
NetNg has further released photos showing that the music star is billed to appear in court. The case has been filed in court with suit number: LD/ADR/445/14  with hearing expected to commence on Monday, January 26, 2015  at the Multi-door Courthouse in Obalende, Lagos with Justice Mrs Oyebanji as the presiding judge.
Already, the write of summons and other relevant documents in the suit have been posted on D’Banj’s residence on Osaro Isokpan Street in Lekki Phase 1. The pasting was done by the court bailiff on December 17, 2014 at about 1:35p.m, pursuant to order of court made on November 12, 2014 having been satisfied that the defendant was evading been served the notice.

NetNg reports that D’banj reportedly obtained a loan of over N60m from a top oil and gas mogul, Henry Ojogho in January 2013, and has not paid back the said sum despite signing an undertaking to do so. So, this court summon is in a bid for the oil mogul to get his hard-earned money back.
Also, the artiste equally has troubled business transactions with some prominent Nigerians, the facts of which have not been ascertained by ENCOMIUM Weekly. All these alleged stories and more are what D’Banj has remained silent on. He did not react about the news, instead the much he has said that anyone can pick so close to the issue was a recent reaction on Twitter when he tweeted,  “Silence…Hear (sic) is my response to the false rumours.”
The multi-millionaire and entrepreneur with real names Dapo Oyebanji has scores of investments that span oil and gas, manufacturing, merchandising, among other business concerns. He was said to have confessed he shared over N1 billion with his former partner and producer before he pulled out of Mo’Hits record in 2012.
It would be recalled that just few days ago, the singer revealed in a new interview that one of his former label mate, Dr. Sid caused the Mo’Hits split.

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