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D’Banj Is So Broke He Can’t Pay Staff Salaries Claims a New Report

Words on the streets for the couple of weeks claim D’Banj is
extremely cash-strapped, although the hit maker is still balling from the look of things from our radar.

New findings by Encomium
Magazine claims Banga Lee now
struggles to pay his staff salaries which sounds very absurd from the look of it. But it is what it is.

Read their report below;

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 Chu-Chu and Moses have already been withdrawn from his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.

– UCHE OLEHI

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