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Showing posts with the label mercury records

Mo'Hits Records Lawyer Reveals Deal Details, Calls for Amicable Settlement

                                                   Mo'hits records lawyer has revealed some details about the whole deal. In an exclusive chat with punch newspaper ,the lawyer has advised both parties to sign over their stakes in their two major companies, Mo’Hits and Koko Holdings, so that each person would hold on to one. The lawyer states:    “In Consideration and Mutuality of D’Banj signing over to you (Don Jazzy) his entire stake in Mo’Hits Records Limited, you in return sign over to him your stake in Koko Holdings Limited, with the Catalogue now undifferentiated as between ‘D’Banj’ and ‘non-D’Banj’ sub-catalogues, (which is) in keeping with your express wishes. In view of recent events which are indeed surprising, I think it is an optimal way forward. Before Mo’Hits imploded, the relationship between D’banj and Wande Coal, one of the artistes on the label, had been anything but cordial.The Mushin-bred singer was reportedly rude to D’banj at the height of the success of his