Ishilove:


'‘Following the default by D KINGS MEDIA LIMITED to pay the debt to our client, and pursuant to the aforementioned personal Guarantee/Memorandum of Undertaking, you issued two post-dated cheques; one for the sum of $240,000 (Two Hundred and Forty Thousand United States Dollars Only) dated 20/12/2013, and the other for the sum of N15,000,000 (Fifteen Million Naira Only) dated 20/1/2014.


Source:http://dailypost.ng/2014/11/24/dbanj-hit-messy-debt-scandal/

I am looking at this news with one eye because of the bolded. Which bank did they present such chq through? Do you know that in Nigeria any chq above N10M is not valid and thus cannot pass through the clearing system. So how come?

ismokeweed:
Ghen ghen. I really love d'banj #Nohomo. Please let's donate to help him. Account number for Save D'banj will be posted here later. Watch out!!!

...many of these celebs are too proud with money.There is no need to raise money on D'banj's behalf.eni to ba je igbese lo ma san,that's he who owes should pay his debt...

Slickest:

Get ur facts ryt b4 spitting...D'banj made wande coal nd donjazzy not d way u said it...dbanj's zeal nd bravery got them al whr dey are...donjazzy is only sustained by his creativity..nd wandre's talent got him goin... Dbanj brought dem al 2geda 2 mk a team..Mo'hits

The usual blind hate and ethnic bigotry that accompanies the average Nigerian mentality even in the face of reality..

Slickest:

Lol...lemme jaesi...don jazzy was just a normal dude dat his mom sellz in aj, met dis crew called jjc nd 419, headed by mp nd dis aficans awoo guy....they were d inn thing because of dier easy access 2d uk, while dbanj was like a boy who has tryd music nd failed nd nids help....jjc nd 419 used other producers after helpin donjazzy gt his knowledge in production.u kno aw it feels to kno somthing buh ppl around u not believn in u, jazzy was d least respected among dem whyl dbanj was seen as a dude wit no talent...wit dbanj comin 4rm a rich bakground decided 2go solo again 4d 2nd tym nd dis tym takes jazzy wit him nd den tongolo was born..dis jebele girl was caught in d middl, din kno who to follo...nd mohits was born..y do u think dbanj was d only dude wit d attention in d crew, wit 2 albums yl odas took d back seat

Bro, I bet you studied History from a reputable University... after reading this, it was as if i was there from the beginning

How is dis news..ma nigga will pay bak..dt is even if dis news is real

..even una daddy don jazzy closed up his POP club wen he started gettin broke..i knw many of u dnt knw dt..since its not d'banj being in d bad news..

Superstar007:
So, because of common 240,000 USD these people are making noise. What if I mention the amount D'banj is owing me

Rotflmao..

You don chop today ?

Who is this chest beating fool?

Parasitic:
Don jazzy gona be at his crib having a good laugh, dbanj and wande coal are nothing except don jazzy. Jazzy raise them up as stars but they choose to go solo. I sorry for them bunch of cowards and ingrates. On the other side jazzy is waxing stronger on mavin's record.

90% of all millionaires take loans, in clouding Don Jazzy

How can people be this daft...D bANJ IS SELLING GARRI and can not pay such an ammount, Minhub WRITE THAT MONEY OFF AS BAD DEBT OR LET D BANJ DECLARE BANKRUPTCY



when was the last time he released an albul a sellable album



He used to be a good entertainer but it seems he is now a garri seller via koko garri

Ishilove:
It appears super star, D’banj is having financial challenges as available report shows he has been hit with a $240,000 debt scandal.

A technology company, MindHub Technologies, headed by a top oil and gas industry player, Henry Ojogho, is claiming that the kokomaster, D’banj is owing 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.

In addition, the technology company claimed that the entertainer has issued two cheques already; one on December 20, 2013 and another on January 20, 2014, both of which had to be returned unpaid after presentation because the pop star’ accounts were not funded enough.

According to documents obtained by NET, a firm of attorneys, D.U.ODIGIE & CO acting on behalf of Henry Ojogho, in a letter addressed to D’Banj, wrote:

'‘Following the default by D KINGS MEDIA LIMITED to pay the debt to our client, and pursuant to the aforementioned personal Guarantee/Memorandum of Undertaking, you issued two post-dated cheques; one for the sum of $240,000 (Two Hundred and Forty Thousand United States Dollars Only) dated 20/12/2013, and the other for the sum of N15,000,000 (Fifteen Million Naira Only) dated 20/1/2014.

Both cheques were returned unpaid on presentation by our client. We are further informed that although you thereafter paid the sum of N8, 600,00.00K (Eight Million, Six Hundred Thousand Naira Only) out of the N15,000,000,00k (Fifteen Million Naira Only) (in) Cheque, leaving a balance sum of N6,400.000.00k (Six Million, Four Hundred Thousand Naira Only), you have failed, neglected or refused to redeem the entire or any part of the $240,000.00 (Two Hundred and Forty Thousand United State Dollars) cheque.'’



It has further been revealed that Henry Ojogho is not the only wealthy man claiming D’banj owes him in recent times. There are a number of others.

'‘Using the sympathy and naivety of unsuspecting investors coming into the game to dupe them is criminal and absolutely destroying the image of the industry at large, because in the long run, it affects and corrupts the judgment of genuine investors who would pull out for fear of being duped,'’ a source told NET.

Below is are a number of names he allegedly owes, according to sources:

WALTER WAGBATSOMA (200,000 Pounds): 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 Pounds 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:http://dailypost.ng/2014/11/24/dbanj-hit-messy-debt-scandal/

sanity12:
u dey mind dem

I just taya for them

Broke modafucker!

exthar87:
why won't they cry when the social media keeps fueling it..

Abi oo

nice

He should just beg donjazzy and don shld take him bak cos donjazzy is d only one that can manage his "talent". He has bn singing rubbish after mohits. Biko jst settle let everyone b happi nd enjoy good music and let all dem Lee ppl look for where to go cos those ones "no talent" ko....

I pity this guy.

Ego no be small amount.

Parasitic:
Don jazzy gona be at his crib having a good laugh, dbanj and wande coal are nothing except don jazzy. Jazzy raise them up as stars but they choose to go solo. I sorry for them bunch of cowards and ingrates. On the other side jazzy is waxing stronger on mavin's record.

true talk bro but there aint notin bad to go solo....but do it on a legal terms without beef...but thats what they choose...to do wande...will ever wac strong but dbanj....the guys is going down....musically.....omo 240,000 n 15milla..d banj no fit settle...kai.....Ejanla for mouf

Olamide1997:
He will definitely settle the debt cos he was just signed by Dr dre as beats ambassador to Africa. So Good luck Dbanj-money is coming

Dbanj has no ambassador or marketing contract with Beat... He only ask for a customized earpiece and got it. Even his won account via video he released indicates so.

sanity12:
so houses and cars ain't assets?

They ain't my brother, those are liabilities Range rover sport, Lamborghini, Ferrari or private castles won't generate money for you rather you spend a fortune in maintaining them.

Just blame it on money! Infact don't tell me nonsense...... Mi ole pariwo

No b tofay rich man dey get debt, even Nigeria too get debt

tyconcepts:
A cheque bounced so??

These kinda pressure is why our celebrities are forced to live fake lives.

For you own good don't issue a dud cheque.. Nothing earns you jail quicker than a dud cheque.



The evidence is straightforward.

Slickest:

Lol...lemme jaesi...don jazzy was just a normal ofde dat his mom sellz in aj, met dis crew called jjc nd 419, headed by mp nd dis aficans awoo guy....they were d inn thing because of dier easy access 2d uk, while dbanj was like a boy who has tryd music nd failed nd nids help....jjc nd 419 used other producers after helpin donjazzy gt his knowledge in production.u kno aw it feels to kno somthing buh ppl around u not believn in u, jazzy was d least respected among dem whyl dbanj was other as a dude wit no talent...wit dbanj comin 4rm a rich bakground decided 2go solo again 4d 2nd tym nd dis tym takes jazzy wit him nd den tongolo was born..dis jebele girl was caught in d middl, din kno who to follo...nd mohits was born..y do u think dbanj was d only dude wit d attention in d crew, wit 2 albums yl odas took d back seat

Brother, Donjazzy left jjj on very cordial terms when he indicated his interest to relocate to Nice a..

2. Contrary to your claims it was dbanj that indicated interest to team up with Jazzy.

3.All this talk about dbanj mother doing this and that is neither here nor there.... Accor artist o them they were begging Obi Asika of storm records to sign them both, one as a producer and the artist when Glo ambassador stuff came and changed their story.

4. If the mother is rich now is the time to prove it.The Son needs a lifeline

manuelzz:
What if this Report is fake? And what if it's just some weird publicity stunt?? Just sayin' though.

You mess with those names in the name of publicity stunt and you won't ever recover from their individual not to talk of collective Punch... Ever heard of Walter.. Google Ontario Oil. His depot is on calabar

You dey follow monkey eat grass chai,what of all the endorsement fee,he do get evry evry,broke ko,break ni

pDude:
I never saw any Kokomobile phone, Koko water bottle or Koko Garri pack yet all these products were launched.

I dunno what has become of Koko lounge and that Koko reality show was a clownish affair.

Classic example of a Jack of all trades and master of nothing.

Exactly.
To be fair though, I once saw a pack of koko garri at a friend's house in Sagamu and it was as good as promised.

Don Jazzy dey laugh

That he is owing someone does not mean that he is broke...

sanity12:
so houses and cars ain't assets?

They are liabilities

Amefrica:
Everybody owes debt, either one way or the other.. This shouldn't be a news, they should settle themselves and not crying to our ears..

I'm not owing any debt.

Uchesis:

I'm not owing any debt.

Good for you!

AWON BOYS DA?
E JA KA DAWO FUN KOKO MASTER O.