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Thursday, 17 November 2016

How Dbanj Was Reportedly Dragged To Court Over Unpaid N100Million Debt

Nigerian singer, Dbanj has reportedly been
dragged to court over alleged N100 million
debt.
According to Pulse,
“Dbanj has been sued by a technology company,
MindHub for owing over N100,000,000 naira.
Report has it that the singer signed a
memorandum of understanding with the
technology company on October 19, 2012, for
the promotion of a concert organized by his
media house, D’Kings Men Media LTD.
Mindhub invested the sum of $500k and N20
million for the organisation concerts.
D’Kings Men failed to commit to the part of
their agreement and the company asked the
singer to pay back.
Mindhub reached out to Bangalee for
repayment, and the singer paid only $260,000
and N8,600,000 leaving an outstanding sum
of $240,000 and N6,400,000.
Bangalee issued two different checks to the
Vice Chairman of the company, Henry
Ojogho, unfortunately, Henry couldn’t get the
money due to insufficient funds in the
singer’s account.
The issue is currently before Justice
Oyenbanjo of the High Court of Lagos State,
Ikeja Division and would be due for hearing
on December 9, 2016.”

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