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Mohbad: ‘Consider Long-Term Implications Of Your Contract Before Signing’- Obesere Advises Artistes

Madukwe Nwabuisi by Madukwe Nwabuisi
October 7, 2023
in Entertainment, News Bite
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A popular fuji singer, Abass Akande, aka Obesere, has advised artistes, especially the up-and-coming ones, to carefully consider the long-term implications of their contracts before putting pen to paper.

Speaking in the wake of the death of singer, Ilerioluwa Aloba, aka Mohbad, the ‘Egungun be Careful’ singer said, “Young people need to think about the future of the contract they sign. They should know that their actions today determine tomorrow’s outcome, except God decides to turn things around (for them). But, not everybody will be that lucky. That is why they must carefully peruse the terms of their contracts with someone who knows better, even if they cannot afford a lawyer. Most importantly, young artistes should always ask for God’s guidance in whatever they do.”

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July 9, 2026
The Corporate Affairs Commission (CAC) has set August 1, 2026, as the deadline for companies to comply with statutory rules governing business letters, warning that violators will face sanctions. In a public notice issued Wednesday, the commission said the enforcement drive is anchored on Sections 304(1) and (2) and 729(1)(c) of the Companies and Allied Matters Act (CAMA) 2020, and covers all companies registered under the Act or any law it replaced. The law requires every company to state on its business letters the current and any former forename or initials and surname of each director, along with the nationality of non-Nigerian directors. Companies must also display their registered name, registration number and registered office address clearly on all business correspondence. “Commencing the 1st day of August 2026, the Commission shall enforce the full application of the requirements of Sections 304(1) & (2) and 729(1)(c) of the Act with respect to company business letters with attendant sanctions for non-compliance,” the CAC said. The commission urged companies to review their letterheads and official correspondence ahead of the deadline, noting that the move is designed to ensure accurate disclosure of director and corporate information while deepening compliance with CAMA 2020. CAC reaffirmed its commitment to transparency, accountability and customer satisfaction as part of efforts to build a more resilient and responsive corporate regulatory environment.

CAC sets Aug. 1 deadline for letterhead compliance

July 9, 2026

Urging the relevant authorities to make sure that the late Mohbad gets justice, he noted that they should ensure no stone is left unturned, as all eyes are on them.”

Obesere also added that he felt bad that Mohbad was getting more fame and recognition after he had dies. He said, “I feel bad about it. I did not even know him until his death. I might have come across his songs being played and didn’t know they were his. It is sad that his death has brought him and his works more fame. There are lots of lessons to be learnt from this saga.”

Madukwe B. Nwabuisi
Madukwe Nwabuisi

Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.

Tags: ContractObesere

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  • El-Rufai’s Wife Urges Tinubu to Ensure Fair Treatment, Says Family Deserves Courtesy
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  • CAC sets Aug. 1 deadline for letterhead compliance
  • Arrested Suspected Bandit Claims Gang Worked for Abuja-Based Cattle Owner
  • Sultan Urges Northern Leaders to Unite Against Banditry, Says ‘We Know the People’

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