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Saturday, November 6, 2010

END OF THE GLO ROAD FOR KOKO MASTER.


SOURCE: Vanguard newspaper.






Finally the fairy tale
romance between the man the
music industry has come to
know as the Koko master and
telecoms giants, GLO is over.

Although no official
statement has been issued by
the Dr. Mike Adenuga led
company, D ’Banj’s contract
as GLO ambassador has been
terminated.
And not only has the contract
been terminated, he has been
allegedly paid off.

As at the time of filing in our
report, there were
conflicting reports about the
real reason, the Koko master
who emerged as highest paid
branded musician in the
country was dropped.

Our investigation however
revealed that D ’Banj may
have been dropped after he
refused to put pen to a new
contract extension that was
less attractive financially.

According to our source, the
musician who signed an
initial two year contract
worth N70million but was
allegedly paid for a year,
felt insulted at the new sign
on fee the telecom giants
were offering.

“He was
pissed that
apart from
being a far contrast from his
initial sign on fee, it was far
less than what was offered
P_Square.




Instead he opted out rather
than accept what he called a
ridiculous and humiliating
fee ” our source disclosed.
This development puts to an
end, the long running battle
between the musician ’s
management team and GLO
officials over sign on fee.

Two years ago, the embattled
musician had incurred the
wrath of GLO chairman, Dr
Mike Adenuga, when he
demanded an upward review
of his N70million annual sign
fee.

In addition, D’Banj wanted
an upwa

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