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Friday, November 18, 2016

NIGERIAN SINGER DBANJ, IN A HUGE DEPT MESS


According to a document exclusively released to Pulseng,
on November 16th, it appears that Dbanj signed a
memorandum of understanding with the technology
company on October 19, 2012, for the promotion of a
concert organised by his media house, D'Kings Men Media
LTD.
Apparently, the contract states that Dbanj would be
personally liable for the payment of the sums of money in
the event of D'Kings Media failure to pay.
When Dkings Men media failed to pay back, Mindhub
Technologies called for the repayment from Dbanj and he
reportedly paid only $260,000 and N8,600,000, leaving the
outstanding sum of $240,000 and N6,400,000.
The company has now taken the issue up legally. They've
made it known that all efforts made by them for him to pay
proved abortive. In his bid to pay the aforementioned
outstanding sums, Dbanj issued a Skye Bank cheque No.
10000039 on December 29, 2013, in the sum of $240,000 in
the name of Henry Ojogho, Mindhub’s Vice Chairman.
The cheque was returned unpaid due to lack of funds in the
Dbanj’s account. D'banj issued another GT Bank cheque
No.00000046 dated January 20, 2014, in the sum of N15,
000,000 in favour of Mindhub and it was also returned
unpaid.
Consequently, MindHub filed a suit in 2015 against Dbanj to
recover the sums of money. The case is currently before
Justice Oyebanjo of the High Court of Lagos State, Ikeja
Division and would be due for hearing on December 9, 2016.
It has been almost impossible for months now for the singer to be served
because he has been outside the country. Although
some are of the opinion that it was in a bid to escape
being served that made him to stay permanently in the
US.
It would be recalled that just few days back,the singer
was said to have been handpicked as the first African
ambassador for BeatsByDre.
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