Legal Drama

Nollywood Legal Drama: Monalisa Chinda & Lanre Nzeribe Break Up, Who Owns the Business Assets They Built Together?

Monalisa Chinda and Lanre Nzeribe Break Up Who Owns the Business AssetsWho remembers the legal drama involving Lanre Nzeribe and Stella Dimoko Korkus earlier this April over Nzeribe’s relationship with Nollywood Actress Monalisa Chinda. Nzeribe had his attorneys even send a cease and desist letter to Stella.

If you missed it, revisit that story here. Fast forward four months later, the couple Monalisa Chinda and Lanre Nzeribe have allegedly called it quits with their relationship.

For our purposes, let’s zoom in on the legal issues that come to play in this scenario, which is very common across the globe. What happens if an unmarried couple starts a business or buy a home together and then break up? Who should own those assets?

Linda Ikeji’s blog reports, in an exclusive, that these two allegedly had a business together and just broke up. Assuming this is true, I would be interested in hearing your thoughts on how the business assets of an unmarried couple who built wealth, together and during the relationship, should be distributed when the relationship ends. Do you think it is a good idea to ever own a business with your boy/girlfriend? What about a home?

Drop your thoughts and look for me to pose that question to our AML Podcast co-host Ms. Unwam Oduok, whose area of practice is Family Law here in the USA, so we can get her take on the matter as well. AML Podcast Episode 2 coming soon. Listen to Podcast Episode 1 below.

-Uduak

“After dating for almost a year and a half, actress Monalisa Chinda and business man Lanre Nzeribe have called it quits and this is authoritative. According to sources close to the actress, Monalisa walked out of the relationship about a month ago. Why they really broke up is of course only known to both of them but I know there was a lot of disagreement about a business venture they were to start together. Monalisa and Lanre were working on a magazine called Monalisa before their break up. They already got an office at Chase Mall on Adetokunbo Ademola street in VI, employed staff and even worked on the first edition of the mag before they went their separate ways. More to come…” – Lindaikeji.blogspot.com

AML Podcast Episode 1

Africa Music Law™

AFRICA MUSIC LAW™ (AML) is a pioneering music business and entertainment law website, livestream and podcast show empowering the African artist and Africa's rapidly evolving entertainment industry through its brilliant music business and entertainment law commentary and analysis, industry news, and exclusive interviews.

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ABOUT THE FOUNDER

Credited for several firsts in the fashion and entertainment industry, Uduak Oduok (Ms. Uduak) is a fashion and entertainment lawyer, speaker, visionary, gamechanger, trailblazer, and recognized thought leader, for her work on Africa’s emerging global fashion and entertainment markets, and the niche practice of fashion law in the United States. She is also the founder of ‘Africa Music Law,’ an industry go-to music business and law blog and podcast show empowering African artists. Her work in the creative and legal industries has earned her numerous awards and recognitions, including an award from the American University Washington College of Law for her “legal impact in the field of intellectual property in Africa." She has also taught as an Adjunct Professor at several institutions in the United States. For more information, visit her at https://msuduak.com.

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