Ayo Maff’s manager, Ayotunde Oyefeso, has come out to accuse his record label, Tunesbid Limited, of failing to fulfil its financial obligations to the artiste.
He recently revealed that the singer left the label because it could not hold up its end of the bargain.
Speaking during an interview with PUNCHNG, Ayotunde said that their agreement allowed Ayo Maff to be free to walk away from the contract if Tunesbid Limited was unable to fulfil its responsibilities as a record label.
According to him, Ayo Maff was meant to receive an advance sum of N100M after he was signed to the label, but despite the singer and his team asking Tunesbid to pay N25M quarterly, the music company still failed to make any payment at all.
He stated that when the “Dealer” crooner could not endure the situation anymore, he had no choice but to leave.
“We gave the label a two-week notice of our intention to walk away, as stipulated in the contract, and if they wanted to rectify the situation, they could have done that within that time.
According to the contract, Ayo was supposed to get an advance sum of N100m, but because we didn’t want to collect the money at once, we asked the company to pay N25m quarterly. But they never paid a dime—except one time that the CEO of the label gave him N100 for his ‘sacrifices’.
Imagine an artiste who had such wave-making songs, yet he did not have an apartment, but was squatting with friends. The label collects 100 per cent of the royalties and concert fees coming in. So, what is the artiste supposed to live on?” he said.
The manager further noted that Tunesbid Limited never sponsored any of Ayo Maff’s videos, stressing that Fireboy personally paid for the visuals of “Dealer,” after featuring on the track.
He concluded by saying that after a mediation session led to the record label being encouraged to settle the matter amicably, the label boss demanded N400M instead.
