Kokomaster D'banj In Dept Scandal! Owes Over $240,000.

 

The Net allegedly reported that the super star Dapo Onabanjo popularly known as D'banj is having financial challenges and has a $240,000 dept scandal hanging over his neck.

Top oil and gas industry player, Henry Ojogho, Vice Chairman of Broron Group. Ojogho, who is also the Vice Chairman of MindHub Tehnologies, an integrated Rice farming and milling production company,  claims that D'banj owes the company the sum of $240,000 plus another N15,000,000.

D'banj through his company DKM Media Limited took a loan of over N60m in January,2013 from MindHub Technologies and is yet to pay back despite signing an undertaking to do so.

The technology company has laid accusations on the pop star, that he issued two cheques, 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.

NET attorney, 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 $240,000,000 (Two Hundred and Forty Thousand United States Dollars Only) dated 20/12/2013, and the other for the sum of N15,000,000,00k (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.’

Apart from Henry Ojogho, there are so many companies and individuals who have claimed in recent past that D'banj owes them.
Below is a list of a number of names D'banj allegedly owes :

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 is 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.


the Situation has been so bad that an industry source whose name is hidden had this to say: ‘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.