Nigerian music star, D’banj has finally admitted to his debt case currently pending in a Lagos Court after he slammed media outlets for peddling false rumors about him.
D’banj in a brief chat with Most Abebe on Soundcity FM during the media round for his new single Focus, said the amount in question was not a loan but an investment. He said;
‘It is not a loan, it was an investment…there’s very little I can say now, because the matter is in court‘.
D’banj reportedly signed an MOU with MindHub on October 19, 2012, for the promotion of a concert organised by his media house, D’Kings Men Media LTD.
MindHub said it invested the sum of $500,000 and N20 Million for the organisation of this concert.
Due to lack of return on investment, the coy has dragged the kokomaster to court.
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