D’banj Reportedly In Multiple Debt Mess

According to NET investigations, the issuance of dud cheques and non-payment of accrued debts top the list of infractions against the DB Records boss. As things stand, D’banj may be dragged to court by a top oil and gas industry player, Henry Ojogho, Vice Chairman of Broron Group. Ojogho, alleges that D’banj, through his company, DKM Media Limited, obtained a loan of over N60m from him in January 2013 and has not paid back the said sum despite signing an undertaking to do so. From a relatively unknown UK-based artiste, Dapo Daniel Oyebanjo, D’Banj has become one of the biggest musicians in Africa over the last decade. Widely known as the Kokomaster, D’banj has several local and international awards and endorsement deals to his name today.
However, the pop star seems to be going through an unpleasant period in his career as some people who claim to be owed by D’banj are threatening a legal action against him.

Is D’banj broke?
D’banj’s last real album, a ground-breaking body of works titled The Entertainer was released in September 2008, before he released the DKM compilation in June 2013. It’s safe therefore to say D’banj hasn’t released an album in the last 6 years, yet he has managed to stay very relevant in the industry, which is largely due to his staying power and tenacity.
In 2014, he has been part of several campaigns in agriculture, poverty alleviation, economy, and recently became the first African Ambassador for BeatsByDre having signed a deal with tech giants, Apple. He is also putting finishing touches to plans to drop an album in celebration of his 10th year anniversary in the music industry.
Having said that, it’s evident that while he has not headlined any major show in the last 6 months, D’banj has other multiple streams of income.
However, it is amazing that despite D’banj’s remarkable success and many endorsement deals over the years, he has no building or house of his own. The place he currently calls home, a building on Osaro Isopkai Street in Lekki is a rented apartment. As a matter of fact, investigations revealed his current rent in the said apartment will expire this month.
D’banj returned to the country on Wednesday, November 12, 2014 after spending about 3 months in the United States of America.  And now that he is back, a court case bearing his name might come up for hearing soon, unless he is able to settle or pacify those who are reportedly waiting to swoop on him.
Letter of Demand



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