konknaijaboy | On 29, Nov 2014

DB Records boss, D’banj, is keeping mum over an alleged debt allegation, which is currently trailing him.

The Koko Master has refused to comment on the speculations that he is broke following claims by a technology company, MindHub Technology, that he is owning it the sum of N15million and another $240,000.

Klieg Light learnt that the whole drama had been on for a while, but D’banj had been managing the situation.

Things, however, went from bad to worse when D’banj allegedly issued a couple of postdated cheques to clear his debt hoping they would be honoured. It was when the cheques were dishonoured that MindHub Technologies decided to play it dirty, hence exposing the award winning musician.

D’banj is said to have been able to pay back only the sum of N8.6 million out of the N15 million, while nothing has been paid on the $240,000.

The loan was collected by D’banj as an investment fund paid to the D Kings Media Limited to promote his music career.

This debt scandal is coming at a time when Don Jazzy is smiling to the bank after parting ways with Dbanj.