The rift between Iyanya and his former friend and business partner, Ubi Franklin has taken yet another turn as Ubi has denied every allegation made by the singer.
Following recent allegations made by Iyanya
against his former business partner, Ubi Franklin during their days
together at Made Men Music Group [Triple MG], where Iyanya in separate
interviews claimed that his time at the label were ''dark times.''
''What people don’t know is, I didn’t sell my share. People see me and say oh. why did you sell your share?
I didn’t sell my shares, I left
Made Men at the time because there was so much darkness. In the midst of
all the wings, I decided to let that go...'' Iyanya had alleged.
Ubi in an interview with Cool FM on Wednesday,
March 13, 2019, responded to these allegations while also reportedly
providing documents to back up his claims.
Explaining why Iyanya's name was not on the
original document that created the label, he stated that Iyanya had
asked to be left out as he didn't want to sign anything. He just wanted
to do music and without the signature of all involved, the document
cannot be approved.
''Iyanya was not part of it, he said he wanted to focus on the music.''
He also explained the point at which they were forced to re-draft the document and include Iyanya's name on it.
''In August/September 2012, we
had gone for a top Government official's Mum burial in Delta State. At
the airport, we saw a woman carrying her bag and I told Iyanya to go
after her and help carry her bag. She now introduced herself and they
started talking.''
He explained that the woman was a top executive at a bank and he discussed with her about helping to secure a loan.
It was while trying to get a loan that the bank insisted on Iyanya's name on the document before they can approve the loan.
''In September, we went back to CAC to
rectify the documents,I put my brothers names initially on the contract
because Iyanya didn't want to sign and the document can't have only me
on it.
''After the second CAC document was ready,
we signed a Joint Venture document stating that every money that the
company makes, we will share 50/50.
We got a loan from the bank and Freda Francis [A
mutual friend] was the person that gave us the security to back up our
loan. We were able to push 'Kukere' to the next level, 'Your Waist' and
other songs.
In an earlier interview with Cool Fm, Iyanya had claimed that despite being a part owner of the label, which later signed Tekno, he had only received N145K from the singer's career, while also stating that Ubi had lied to Tekno that he did not like him,
''Sometime in 2012, we went to Abuja to
record a song with GospelOnDBeatz and this young man [Tekno] just walked
into the studio, went to the booth and started singing. I was impressed
but he said he had a contract and I said, when your contract expires,
call me.
In 2013, he called me and said he was in
Lagos, so I invited him over, sent him the address and he came... I
contacted his lawyer, we did all the documentations before I brought a
contract for him to sign.
At this point, I had contacted Iyanya and
told him I would like to also sign him and he told me point blank, I
don't want to be part of anything artist, I want to focus on my career
and I am not interested in signing any artist.
Iyanya doesn't like Tekno and I have proof to show that,'' he added.
''Freda Francis called me and said Ubi
know you are great business guy and you know you want to do this, do it.
I believed Tekno was going to be a big star.
Iyanya never spent a dime to promote Tekno. When 'Duro' came out and did well, I had bills to clear.
In 2016, Tekno had started making money
and Iyanya said why is he not making money from Tekno. I said don't f**k
with me... You are supposed to apologize to me for not putting money in
Tekno's career.
Before we started making money I transferred Tekno's management to another company.
When someone says I have made N30M and we
all run expenses and Tekno had shot three videos. If you take Tekno's
percentage and give to Iyanya how much will left?
On if Iyanya got more money from Tekno
''Yes, there is a N3M... Paul
of Upfront paid that money. The money was paid for a car for Iyanya.
What we have always done with Paul was when we don't have money to pay
for something, Paul will pay and later collect the money.
Ubi also stated that Iyanya had been getting paid off Tekno since March 2016.
''Iyanya had a few liabilities and myself and Paul said he was going to clear our bills.
Then he later insisted on leaving Paulo's management within five months of the split.
On Iyanya leaving leeaving the label and the
forgoing his shares, Ubi explained that he was not even in the country
when it all happened.
''I was in America... something happened
why Iyanya left. I dropped my son in America with his mum. I got a call
from Iyanya to meet him in another state.
He said I want to leave Made Men Music,
I'm tired. There was a fight that involved him and Tekno that I made
Tekno not to respect him.
Iyanya said he didn't want to live with us. I found a place for Basi, Selebobo and Tekno.
He had a conversation with me that why
would Tekno hire a driver that he fired and I confronted Tekno about it.
Tekno said he saw the driver along the road looking for a job and he
decided to help.''
On structuring the company
''Iyanya felt things were not moving fine
that I was distracted with other artists. So he called us to his
personal house in London to settle it.
When he said he was leaving, I was like fine, I left and went back to take care of my family.
A few days after the birth of my son, he
posted that he had left the record label. He was sending me messages for
settlement agreement. I didn't know he had gone to another record
label.
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