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Dbanj Dragged To Court Over Unpaid 100M Naira Debt
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According to Pulse, Dbanj has been sued by a technology company, MindHub for owing over N100,000,000 naira.
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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.
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Mindhub invested the sum of $500k and N20 million for the organisation concerts.
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D’Kings Men failed to commit to the part of their agreement and the company asked the singer to pay back.
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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.
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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.
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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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#GoldmyneTv #Mayourspeaks

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