D'banj's Alleged Indebtedness: See Reported Court Papers Served On Him

Oyebanjo Oladapo aka D'Banj, has been the subject of several media
reports lately. The stories making the rounds about the Nigerian pop
star are very bad for his reputation and most of all, they might be
true.

Bangalee recorded another remarkable achievement early last month,
October 2014 with his official announcement as the first Beats By Dre
headphones African ambassador.

Although the financial details of the deal were not disclosed by the
headphones' new owners, Apple Inc., it is believed to be a lucrative
and rewarding venture for the singer.

As you may already be aware, D'Banj was reported to have huge debt
portfolio hanging on his neck as several people have turned up with
claims that he is owing them substantial sums.

With the story being the most talked about topic in the music industry
this past week, the 'Oliver Twist' star has refused to make any
comment about the matter which we learnt started on a good note for
all concerned back in 2012.

Rather, he simply posted a short remark on Twitter which
reads:'Silence, my response to all the false rumours'and proceeded to
throw his weight behind the release of the new video of Oritse femi's
'Double Wahala Remix' in which he is featured.

Since the story hit the public space, all attempts to reach neither
D'Banj nor his management to react to the scandal has proved abortive
as he is said to have told his team to avoid speaking to the media
until further notice.

Sources however claim that they were able to get hold of a warning
letter sent to him by Mr. Henry Ojogho, the Vice Chairman of BRORON
GROUP, Broron Oil & Gas Limited who is also the Vice Chairman of
MindHub Technologies.

In the letter, dated September 13, 2013, Henry gave D'banj a final
warning to refund the money owed him or be prepared to face full wrath
of the law.

The letter partly reads:

'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.'

D'Banj recently returned to the country, precisely on Wednesday,
November 12, 2014 after spending 3 months in the United States.

Investigations revealed that his absence had made it impossible for
him to be served the court papers previously but we gathered that the
court papers suing him for alleged issuance of dud cheques might have
been pasted on the wall of his residence located at Osaro Isokpan
Street in Lekki Phase 1, Lagos by now as his creditors now see him as
trying to frustrate the process of being served the court papers.

The claimant, Henry Ojogho is represented by a Benin, Edo State-based
law firm, D.U. ODIGIE & CO and sources say the legal fireworks will
start soon if D'banj refuses to act accordingly.