Just when the rumor about D’banj’s bankruptcy came up few weeks ago, a lot of people thought it was mere hearsay.

However, another report from Encomium Magazine has added to
the recent tale of the singer’s need for prayers concerning his
financial challenges. Encomium made it known that it is now so
bad that the Koko Master cannot even pay his staff. Some of his
staffs are said to have called it quits.
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The A-list artiste is said not to be financially down, but he is
totally broke! Sources close to the harmonica player made it
known that some of his personal staffers are grumbling over
unpaid salaries while some of them have even left the team.
“D’Banj and some of his workers are at loggerheads over unpaid
salaries. Chu-Chu and Moses have already been withdrawn from his
management for now. Things are no longer at ease with the Koko
master,” a close source revealed.
It would be recalled that late last year, news filtered in that the
millionaire artiste might be sued for a debt of over $240,000 ! A
technology company, MindHub Technologies headed by one
Henry Ojogho claimed he is even owing the company yet
another N15 million.
MindHub made it known that D’Banj, through his company, DKM
Media Limited, obtained a loan of over N60 million from them in
January 2013, and has not paid back the said sum despite
signing an undertaking to do so. It was also said that the
technology company claimed that the 34-year-old Zaria born
entertainer has issued two cheques already, one on December
20, 2013 and another on January 20, 2014, both of which had to
be returned unpaid after presentation because the pop star’s
account was not liquid enough to offset the debt.
MindHub had threatened to drag the Koko master to court this
month if he failed to clear the $240,000 he allegedly owes the
technology company. It is unlikely that D’Banj has settled with
his alleged creditors.
Also, the artiste equally has troubled business transactions with
some prominent Nigerians, the facts of which have not been
ascertained by ENCOMIUM Weekly. All these alleged stories and
more are what D’Banj has remained silent on. He did not react
about the news, instead the much he has said that anyone can
pick so close to the issue was a recent reaction on Twitter when
he tweeted, “Silence…Hear (sic) is my response to the false
rumours.”