Ripple effects of the Mo’Hits split is surprisingly still lingering as Dbanj is said to be giving up on Koko Lounge for reasons a little still connected to is old crew.
It was revealedl that D’Banj is no longer part
of the owners of Koko Lounge. Story has it
that Koko Lounge was co-owned by 3 people,
D’banj was one of the trio. The reasons for
the break out of D’Banj was said to be
because he felt he wasn’t making enough profit from the bar. Our source revealed that one of the owners
of Koko Lounge is based abroad and is not
usually around to manage and do his duties
for the business but instead is only interested
in the profit available anytime he’s present in
the country which didn’t go down well with the other owners as profit depreciated with
time. “Dilution of the Mo’Hits Crew” was part of the
agreement as at the time when the bar was
launched. The bar takes responsibility of
supplying the defunct Mo’Hits crew drinks.
This also affect profit maximazation. The third owner porpularly called “Baba” has
since bought the full ownership of the Bar &
Lounge which is located at the third floor of
E-Center in Yaba, Lagos. The bar is now
known or has been re-branded in name
Amalga-Nation. [36NG]

business is about profits