Ubi Franklin has stated in an interview that Iyanya asked not be to included in the first contract document

The ongoing saga between Iyanya and business partner Ubi Franklin gets messier as Ubi claims that Iyanya is spreading lies about him.

Ubi Franklin and Iyanya

 The rift between Iyanya and his former friend and business partner, Ubi Franklin has taken yet another turn as Ubi has denied every allegation made by the singer.
Following recent allegations made by Iyanya against his former business partner, Ubi Franklin during their days together at Made Men Music Group [Triple MG], where Iyanya in separate interviews claimed that his time at the label were ''dark times.''

''What people don’t know is, I didn’t sell my share. People see me and say oh. why did you sell your share?

I didn’t sell my shares, I left Made Men at the time because there was so much darkness. In the midst of all the wings, I decided to let that go...'' Iyanya had alleged.

Ubi in an interview with Cool FM on Wednesday, March 13, 2019, responded to these allegations while also reportedly providing documents to back up his claims.

Explaining why Iyanya's name was not on the original document that created the label, he stated that Iyanya had asked to be left out as he didn't want to sign anything. He just wanted to do music and without the signature of all involved, the document cannot be approved.

''Iyanya was not part of it, he said he wanted to focus on the music.''

He also explained the point, six months after, at which they were forced to re-draft the document and include Iyanya's name on it.

''In August/September 2012, we had gone for a top Government official's Mum burial in Delta State. At the airport, we saw a woman carrying her bag and I told Iyanya to go after her and help carry her bag. She now introduced herself and they started talking.''

He explained that the woman was a top executive at a bank and he discussed with her about helping to secure a loan.


It was while trying to get a loan that the bank insisted on Iyanya's name on the document before they can approve the loan.

''In September, we went back to CAC to rectify the documents,I put my brothers names initially on the contract because Iyanya didn't want to sign and the document can't have only me on it.

''After the second CAC document was ready, we signed a Joint Venture document stating that every money that the company makes, we will share 50/50.

We got a loan from the bank and Freda Francis [A mutual friend] was the person that gave us the security to back up our loan. We were able to push 'Kukere' to the next level, 'Your Waist' and other songs.

In an earlier interview with Cool Fm, Iyanya had claimed that despite being a part owner of the label, which later signed Tekno, he had only received N145K from the singer's career, while also stating that Ubi had lied to Tekno that he did not like him,

Responding Ubi shared, ''Sometime in 2012, we went to Abuja to record a song with GospelOnDBeatz and this young man [Tekno] just walked into the studio, went to the booth and started singing. I was impressed and we discussed signing him, but he said he had a contract and I said, when your contract expires, call me.

In 2013, he called me and said he was in Lagos, so I invited him over, sent him the address and he came... I contacted his lawyer, we did all the documentations before I brought a contract for him to sign.

At this point, I had contacted Iyanya and told him I would like to also sign Tekno and he told me point blank, I don't want to be part of anything artist, I want to focus on my career and I am not interested in signing any artist.

Iyanya doesn't like Tekno and I have proof to show that,'' he added.

''Freda Francis called me and said Ubi know you are great business guy and you know you want to do this, do it. I believed Tekno was going to be a big star.

Iyanya never spent a dime to promote Tekno. When 'Duro' came out and did well, I had bills to clear.

In 2016, Tekno had started making money and Iyanya said why is he not making money from Tekno. I said don't f**k with me... You are supposed to apologize to me for not putting money in Tekno's career.

Before we started making money I transferred Tekno's management to another company, Paulo of Upfront.

When someone says I have made N30M and we all run expenses and Tekno had shot three videos. If you take Tekno's percentage and give to Iyanya how much will be left? Everything Tekno made afterwards, Iyanya also made 50%.



In This Story: #UbiFranklin #Iyanya #Tekno

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