D’Banj To Appear in Court January, 2015 Over Unpaid Debt. Is He Broke?[Must Read]

A Lagos State Chief Judge has signed an order
that the Writ of Summons be pasted on the wall
of Dapo Oyebanjo a.k.a D’banj’s residence in
Lekki, Lagos as the saga over his alleged debt
issues seem to be heading towards a legal
showdown. This is contrary to prior reports
making rounds that the artiste had tried to
apologise to his creditors and settle out of court.
What this implies therefore is that once the writ
of summons is posted, the case becomes a
public case and further investigations by NET
reveal that the case will formally commence
hearing in Lagos on January 25, 2015 at the
Multi- door Courthouse, Obalende, Lagos. You
may recall that D’banj’s debt saga was revealed
recently when NET broke the news of his
multiple debt mess and also reported that he
may be dragged to court by a top oil and gas
industry player, Henry Ojogho, Vice Chairman of
Broron Group. Ojogho, who is also the Vice
Chairman of MindHub Technologies, an
integrated Rice farming and milling production
company, alleged 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. Since the news broke
three weeks ago, D’banj, who had just returned
to the country on Wednesday, November 12,
2014 after spending about 3 months in the
United States of America, has refused to make
any comment on the issue. His only response or
reaction so far was a tweet on his social media
account, which reads: ‘Silence, my response to
the false rumors.’ All efforts to get D’banj to
comment so far have been futile. He has been
very evasive ever since the news broke, so
much so that even when you run into him at
events, he simply refuses to grant any
interviews and makes absolutely no comments.
Before the case was taken to court, D’banj was
served a warning letter by Henry Ojogho dated
September 13, 2013, with the letter stating:
‘The above subject matter, our several mails,
telephone conversations and meetings between
you and our Vice Chairman refer. Recall that you
agreed to act as a guarantor for the payments
owed to Mindhub by D Kings Men Media Limited
(the company) on account of investment made
by Mindhub to the company as contained in the
Memorandum of Understanding dated 19th of
October, 2012. This letter constitutes a FINAL
NOTICE OF DEMAND to pay the outstanding sum
of USD 300,000 (Three hundred thousand
Dollars) and N15m (Fifteen million Naira)
immediately as outlined in your personal
guarantee. Should you fail to perform according
to the executed personal guarantee within
seven (7) days of receipt of this letter we shall
not hesitate to exercise the legal rights and
remedies available to Mindhub without further
notice to you, to compel performance of the
Guarantee in accordance with its terms. Further
note that should we decide to exercise any of
the company’s rights and remedies under the
guarantee, all costs and expenses shall be fully
borne by you.’ Since his return to the country
mid-November, D’banj who recently became the
first African ambassador for BeatsByDre has
been part of virtually every major event in the
country. He was the special guest at the special
event where Oritsefemi’s new record label
presented him with a new Range Rover Evogue.
He performed at the 2014 edition of DJ Jimmy
Jatt’s Jump Off and also performed at the grand
finale of the recently-concluded Big Brother
Hotshots in South Africa. According to reports,
he’ll also be part of the 2014 Lagos Beach
Soccer tourney, and he recently released a
banging new song titled ‘Feeling the Niqqa.’…

1 thought on “D’Banj To Appear in Court January, 2015 Over Unpaid Debt. Is He Broke?[Must Read]

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