Bad Boy Timz arrest: Anonymous Music reveals why

0
147

Top record label, Anonymous Music, has explains the  reason the singer signed to the company Olorunyomi Oloruntimilehin aka Bad Boy Timz, was arrested for allegedly defrauding the firm.

In a viral video which circulated last week, showed Bad Boy Timz in handcuffs.

A statement on Sunday by the record label said: “The management of Anonymous Music is aware of the reports that an artiste signed to the label was arrested in Abuja for allegedly defrauding the label and other parties.

“Anonymous Music entered into an exclusive five-year recording and performance contract with BadboyTimz in 2019.

READ ALSO: Erica reacts to a viral video of a party thrown for her BBNaija disqualification

By the exclusive nature of the contract, the artiste is not permitted to, among other things, engage in features, collaborations, recording of masters (songs), performances and/or production of records/recordings with persons other than the label, without the consent or authorisation of the label.

“The label since the inception of this contract has diligently sponsored, financed and promoted every aspect of the artiste’s music career during this period. Under the management of the label, the artiste has received national accolades and nods from local and international stakeholders in the entertainment industry.

We therefore find it quite unfortunate and a sad turn of events that the artiste and his manager, Jerry Adibe of Slippery Entertainment, are suspected of being involved in what appears to be the diversion of monies belonging and accruing to the label for their personal use.

“The label has reported its suspicions to law enforcement authorities; out of respect for the law and for the love of music and the entertainment industry. The label has no interest in this development beyond a desire to see that truth and justice prevails.

“However, we feel that it is also our duty to inform the general public (including promoters, producers, booking agents and other stakeholders in the entertainment industry) to exercise due caution when dealing in the industry.

“This is also to notify the general public that anyone who wishes to secure the services of the artiste should contact the label directly.

“Kindly note that anyone who deals with or continues to deal with the artiste or his manager, without regard to the caveat contained in this release, does so at their own risk. The label reserves all its legal and equitable rights, and will not hesitate to exercise those rights to the fullest extent of the law.”

Watch Leakblast TV channel from around the world

Call Us:+234(0)8080859239
Get us on Whatsapp: +234(0)8181166425  

SUPPORT LEAKBLAST JOURNALISM OF INTEGRITY AND CREDIBILITY

Good  journalism costs a lot of money.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble Endeavor.

By contributing to LeakBlast, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Support LeakBlast

LEAVE A REPLY

Please enter your comment!
Please enter your name here