Following reports that Tekno Miles has dumped Made Men Music Group for Paul Okoye’s Upfront and Personal agency, the label’s CEO, Ubi Franklin has comeout to clear the air.
The music mogul debunked the story saying, Tekno was still with the label.
Speaking to TheCableng, the father-of-one said he bought Iyanya’s shares when Iyanya left the record label in August 2016. However, he later sold the shares to Paul Okoye.
“When Iyanya was leaving, I bought over his shares so I owned 100% of the company so I sold those shares to Paul Okoye of Upfront and Personal.” Franklin then added, “Paul Okoye now owns part of MMMG.”
Franklin’s disclosure came after his artiste, Tekno Miles, revealed on Instagram that Okoye, popularly called Paul O, “owns 50% of MMMG”. Tekno had said: “Thank you Upfront & Personal…thank you Pauloo for becoming a part of my label..you know…buying into the company…and owning 50% of shares in the company.. this is really good..I’m really excited b’cos…it’s facilitated alot of things…”.
Franklin, also noted that a press conference would soon be held to explain the recent developments in the company.