D’banj set to be evicted from house over unpaid rent!!!

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Music star Dapo Oyebanjo, popularly known as D’Banj is having issues with his landlord, PM news reports. Despite his remarkable success and many endorsement deals over the years, it might interest you to know that the place he currently calls home, is a rented building on Osaro Isopkai Street in Lekki, Lagos.
A source told the newspaper that the D’banj has been having a running battle with his landlord over unpaid rent on his apartment which had expired some months back. The source said the landlord has even threatened to throw him out of the apartment if at the end of this year the embattled singer failed to meet up with his financial obligations. Although D’banj has not reacted to the report, there are reasons to believe that he is indeed broke. Few weeks back, he was hit with a $240,000 debt scandal. Reports claimed that he was in debt and was being charged to court a technology company, MindHub Technologies, headed by a top oil and gas industry player, Henry Ojogho. Henry Ojogho claimed that the kokomaster, D’banj owed the company the sum of $240,000 and another N15,000,000. According to the MindHub Technologies, D’banj, through his company, DKM Media Limited, obtained a loan of over N60m from them in January, 2013 and has not paid back the said sum despite signing an undertaking to do so. The scandal grew wider when it was found that Henry is not the only wealthy man that D’bnaj has lent money from. Below is a list of a number of the rich men D’banj has borrowed money from: WALTER WAGBATSOMA (£200,000) Mr Walter is a billionaire with investments in major areas, ranging from oil and gas to real estate, banking, equities and even insurance. He is the founder and executive Vice Chairman of Ontario Oil and he’s one of the first men who were said to have handed money to D’banj, with a whopping sum of £200,000 said to be involved. PRINCE D. OKONKWO ($200,000) He’s the chairman, Board of Directors of Tetrazini Group of Companies and he is said to have given about $200,000 to D’banj in the name of investing in entertainment. When the issue with Prince Okonkwo got out of hand, D’banj was said to have sought help from Dapo Abiodun, boss of Heyden Oil and Gas who helped him take care of the debt through a repayment plan. Source Ynaija

5 Comments

  1. Adewumi Taofiq

    December 6, 2014 at 7:05 am

    Too bad for D’banj not to ave his own house wit all money use to buy expensive cars and designer wears

  2. Lucky

    December 6, 2014 at 7:41 am

    With the huge success he had recorded in the past i dont think Dbanj should be swimming in the pool of debts.He made the cash,fame and so on but how did arrive at this huge mess and embarrassment.How did he utilize all the wealth that acrue to his pocket and bank.That is why it is good to always saving for the raining day bcos no one knows tomorrow.If it is truth about the story peddling around it my ernest prayer for you to come out of the financial mess stronger.

  3. Gloria janet

    December 6, 2014 at 7:59 am

    My goodness, 5 million naira will buy you a house in some parts of lagos. Is it by force to live in lekki, all those years making money and not öne solid property. Men, your life is a mess.

  4. Gloria janet

    December 6, 2014 at 8:05 am

    I wonder why people live in the present and forget to invest in the future. If he cant pay then he should sell of his cars and clear his debts. I hope he learns 4rm this, life isnt all about trips, parties, cars, jewelries and drinks.

  5. Nnenna Ugwuonah

    December 6, 2014 at 8:43 am

    Eya! This is indeed a hard time for him. Wishing him all d best