Last week, media and bloggers reported D’banj had been sued over an alleged debt of 100million Naira. This week, D’Banj comes out to admit that he has in fact been sued but denies he owes anyone any money. He also sends warnings to artists to be careful of investors who may try to make them scapegoats. He claims there are scrupulous investors who express interest in the musical works of artists, enter into partnerships/joint ventures with these artists, but when the investment yields no return, they proceed to intimidate, or sue.
D’banj doesn’t address the bounced checks he allegedly wrote and cites the fact that the matter is currently in a court of law as the basis for not speaking on the issue.
My quick take on this.
First, D’Banj attacked bloggers and press for reporting that there was a lawsuit filed against him in court. This was wrong and not a way to confront his issues, especially since he turns around and now confirms that he in fact has been sued.
Second, the claim filed by his alleged creditor is that of a breach of contract. Therefore, at issue, will be the contract D’Banj signed with this creditor. Was this an actual loan as the creditor seems to be suggesting, or was this a joint venture/partnership as D’Banj claims? If D’Banj’s version is to be believed, he is essentially saying that the duo (himself and the creditor) had shared ownership, governance, returns, and risks so that if there is a loss in the venture, the creditor is not entitled to try to recover for any losses.
We will just have to wait and see what the judge (bench trial are more common in Nigeria’s judicial system) thinks, or if the parties will settle the case before trial.
Listen to D’Banj’s interview with Moet Abebe