D’ Banj In Court Over Alleged Bad Debts

The verifiable news in the
entertainment industry has it that Dapo Oyebanjo, popularly known as D-Banj whose musical career has taken a downward spin in the last three years is indebted to not just mind Hub Technologies, but to a whole lot of people who he allegedly sweet talked into getting money from with the promise that he was going to pay back after his shows.
It was also gathered that if care is not taken, the self styled Koko Master risks a jail term for allegedly issuing a dud cheque to Mind Hub Technologies Limited.
According to our source, the accusers’ attorney D.U. Odigie of Uyi Chambers, Benin City, Edo State, are demanding for the repayment of the debts of $240,000.00. (Two Hundred and Forty thousand doolar) and N6.4 million (six million four hundred thousand naira).
The attorney accused D’banj of issuing two dud cheques to D-Kings Media Limited one for $240,000 (Two Hundred and Forty US Dollar) dated 2012/2013 and the other for the sum of N15,000.000 (fifteen million naira) dated 20/01/2014 to pay the debt of their client, but the cheques were returned unpaid. The attorney reminded the popular singer of the implications of issuing dud chques which is a criminal offence that attracts grave legal consequences under the Dishonoured Cheque Act.
It was further disclosed that D’banj’s modus operandi has been the same, he approaches very wealthy men luring them to invest in teh industry, to set up entertainment companies and develop artistes for them with the promise of huge returns on their investments, but rather he collected their money and moved on to the next target with the same promises.
According to the source, D’Banj is indebted to so many wealthy people who he took soft loans from to fund his shows and expensive life style. It stated that the implication of D’banj’s actions on the entertainment industry is that people willing to invest would be scared because the ones that have tried it with him have had their fingers burnt.