This are indeed not the best times for koko master, and has a matter of fact this is the first time I am hearing D’banj being in a mess over money. Now a Technology company, MindHub Technologies is claiming D’banj is owing them the sum of $240,000,000 and another N15,000,000, which the artiste has not denied but issued them post-dated cheques which were bounced back.
MindHub Technologies who now speaks with D’banj through their lawyers after all efforts made by them for him to pay proved abortive said D’banj has only deemed it fit since last year to pay only N8,600,000 out of the N15,000,000 and has not paid a single penny form the $240,000.
“We act as Solicitors to MINDHUB TECHNOLOGIES LTD (hereinafter called “OUR CLIENT”), and on whose instruction we write you this letter in the manner stated hereunder.
It is our brief that sometime in January 2013 in Lagos, you signed a Personal Guarantee/Memorandum of Undertaking with our client wherein you agreed/undertook to pay our client the investment fund of N100,000,000.00k (One Hundred Million Naira Only) given to D KINGS MEDIA LIMITED by our client, should the latter default in payment of the debt. The said debt is made up of Nigerian and United States of America’s currencies,” the letter addressed to him stated.
The case is already in a Lagos high court and due for hearing, why it has been almost impossible for months now to serve D’banj, because he has been outside the country, while some however claim the major reason D’banj has been in the US is because he does not want to be served. Whatever that means we hope they settle this fast.
Culled from Ladun.
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