D’banj Reportedly Dragged to Court by Tech Company Over N100 Million Debt

Kokomaster D’banj may have found himself in some legal trouble.Pulse.ng exclusively reports that the 36-year-old singer has been slapped with a lawsuit by technology company, MindHub, for owing over N100, 000, 000.

According to some documents released exclusively to the media outfit, D’banj is said to have signed an MOU with MindHub on October 19, 2012, for the promotion of aconcert organised by his media house, D’Kings Men Media LTD. MindHub reportedly invested the sum of $500,000 and N20 Million for the organisation of thisconcert.

However, the contract noted that if D’KingsMedia failed to pay back the money loaned, D’banj would be held liable and this apparently turned out to be the case.

D’banj is said to have only paid $260,000 and N8,600,000, leaving the outstanding sum of $240,000 and N6,400,000, causing the technology company to take up the matter legally.

However, the matter reportedly got messier when D’banj allegedly issued dud cheques in his bid to pay the aforementioned outstanding sums to Mindhub. 

The case is currently before Justice Oyebanjo of the High Court of Lagos State, Ikeja Division and would be due for hearing on December 9, 2016.