Singer owes more money than reported, reporter claims

Azuka, in a lengthy column in Thisday newspapers shared details of how she met D’banj and Don Jazzy, her brief friendship with the crew, and fallout with D’banj, and how much money he owes.

Popular Journalist and socialite, Azuka Ogujiuba of Thisday Newspapers, in an Op-ed has revealed that D’banj allegedly owes more money than has been reported.

Azuka, in a lengthy column titled ‘The Dbanj Brand: Dead or Alive?’, shared details of how she met D’banj and Don Jazzy, her brief friendship with the crew, and fallout with D’banj, and why she thinks his 10 Anniversary celebration was a failure.

The detailed article went on to reveal interesting aspects of D’banj’s debts, alleging that the singer still owes his first financier, Dumebi Kachukwu and the head of Tetrazini, Ontario Oil, and Boron Group who all invested in his career.

See list below.


Walter Wagbatsoma (200,000Pounds)"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."

Azuka further questioned his rationale of bringing Amber Rose to Nigeria, implying that with such a long list of debts, he was wrong to bring the American stripper to Nigeria.

"Still fresh in the memory of Nigerians is the controversial 2012 edition of Koko Concert in which people had to trek for miles before getting to the venue and back. That concert, to me, was called suffering and smiling with the unforgettable inhuman treatment meted out to those with regular tickets." Azuka wrote.

"The former Don Jazzy partner reportedly made close to N87m from tickets sales alone at that event and reports allege he collected a whopping $500,000 from GTBank and other title sponsors of the show. There is no doubt that Dbanj is yet to recover from the 2012 Koko concert though, which is believed to have led him not just into debts but made him part ways with several of his closest allies. He also had been alleged to be owing his ever first financier, Dumebi Kachukwu and other wealthy friends that he met through him. But if Dbanj was in such messy financial state, why would he spend one kobo bringing Amber Rose here?"


D'banj was scheduled to be in court on January 26, 2015, but due to a strike by judiciary staff, the case has been adjourned, with new dates not revealed.


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