D'banj is going through some financial
challenges, it is a known truth. Reports say it is
now so bad that he can't pay his staff, and
many of them have called it quit. If this is
true, he might need us to pray for him.
Read the report below from Encomium
Magazine
It has again emerged that pop star, D'Banj is
allegedly broke. ENCOMIUM Weekly's highly
reliable sources have confirmed, claiming that
the A-list artiste now finds it difficult to pay his
staff.
We were told that some of his personal
staffers are grumbling over unpaid salaries
even as many have called it quits with his
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and Moses have already been withdrawn from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."
Late last year, news filtered into town that the
millionaire artiste might be sued for a debt of
over $240,000! A technology company,
MindHub Technologies headed by one Henry
Ojogho claimed he is even owing the company
yet another N15 million.
According to MindHub, D'Banj, through his
company, DKM Media Limited, obtained a loan
of over N60 million from them in January
2013, and has not paid back the said sum
despite signing an undertaking to do so.
In addition, the technology company claimed
that the entertainer has issued two cheques
already, one on December 20, 2013 and
another on January 20, 2014, both of which
had to be returned unpaid after presentation
because the pop star's account was not liquid
enough to offset the debt.
MindHub had threatened to drag the Koko
master to court this month if he failed to clear
the $240,000 he allegedly owes the technology
company. It is unlikely that D'Banj has settled
with his alleged creditors.
It has also been rumoured that the artiste
equally has troubled business transactions with
some prominent Nigerians, the facts of which
have not been ascertained by ENCOMIUM
Weekly.
Interestingly, D'Banj has maintained disturbing
silence on the heels of the many debt scandals
he is swimming in. The much he had said
about this was a tweet, "Silence…Hear (sic) is
my response to the false rumours."
He also told ENCOMIUM Weekly before the
tweet he sent out weeks back, that his
response is the video of his collaborative
remix of Oritsefemi's Double Wahala. He
spoke through his promoter, Ayo Shonaiya.
Fresh efforts to hear from D'Banj on Saturday,
January 10, 2015, was not fruitful as the
celebrated entertainer didn't pick his call. He
also didn't respond to the allegation of owing
staff salary as a result of his alleged financial
travails.
Our SMS read: "Sir, ENCOMIUM Weekly wants
your reaction to fresh allegation that you owe
some of your staff. Rumours even have it
you've disengaged some of them. We need to
hear your side of the story. Thanks, Associate
Editor."
D'Banj's silence has given credence to
speculations that the talented crooner, who
has a management deal with Kanye West's
Good Music team is going through financial
stress.
His visibility during the yuletide and release of
a single has not changed this perception.
A multi-millionaire and entrepreneur, Dapo
Oyebanji (that's his real names) has scores of
investments that span oil and gas,
manufacturing, merchandising, among other
business concerns.
Together with his erstwhile partner-producer,
Don Jazzy, he confessed he shared over N1
billion (in Mavin Records) before he pulled out
of the group in 2012.
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