D’Banj, Don Jazzy have 50-50 stake in Mo’Hits records – Premium Times investigation

D'banj & Don Jazzy: There's no junior partner in the company

According to its website, Mo Hits records was founded in 2004, and it is the brainchild of prolific music producer, singer and song writer Michael “Don Jazzy” Ajereh, with its first recording artiste being D’banj.

Also, an article on the Mo hit label written in Nigeria Music Movement in October 2009 says of the label: “Mo Hits Records is the Brainchild of prolific Music Producer, Singer and Song Writer Micheal Ajereh a.k.a Don Jazzy, formerly one half of the dynamic duo of producers at Backbone music in the Uk. Don jazzy has worked on production for some of the Uk’s top musicians including Lemar, the hit music group Big brovaz and Nigerian based group JJC and the 419 squad.

“Deciding to support the music industry back home in Nigeria, Don Jazzy started his label and discovered an extremely talented young man (Dapo Oyebanjo) and together they created the international phenomenon that is “D’BANJ”.

Checks at the Corporate Affairs Commission, CAC, the agency of government responsible for registering companies in Nigeria showed that Mo Hits Records Limited was incorporated on May 12, 2006, as a company limited by shares, and the company’s address was Block 1, Flat 10B, Otedola Estate Lagos state, with an initial share capital of 100,000 ordinary shares.

The company’s records also show that Dapo Oyebanjo (D’Banj) of  the same address was allotted 30,000 shares, and Michael Ajereh (Don Jazzy) also of the same address was equally allotted 30,000 shares, implying a fifty-fifty ownership.

The company’s Registration Number is RC653135 and its registered nature of business was “Entertainment Industry.”

Few days back, it seemed the music industry had been hit by what promised to be a cataclysmic break, with widespread news the prolific entertainers D’banj and Don Jazzy had separated with Don Jazzy leaving the mansion both had for years, shared in Lekki peninsula in Lagos.

A gargantuan haul that would be for the news media, D,Banj’s publicist, Bankuli rushed to issue a statement denying a split, even after Premium Times had confirmed Don Jazzy indeed left the mansion. Bankuli said Don Jazzy only travelled outside of the country.

More would come in days. Don Jazzy, known to be active on the social media, especially, twitter, maintained a dignified silence since the rumours started.

Those who know both entertainers well, and are conversant with the details of their partnership say Don jazzy became frustrated with D’banj’s “lifestyle, tantrums and unmanageable ego” and found it difficult to put up with him any longer.

On the other hand, D’banj also felt Don Jazzy is spending more time advancing the careers of other artistes in the label and was not “concentrating enough” on D’banj’s forth coming album which was due for release some time this year.

But what would add fillip to the speculations turned out to be an interview remarks allegedly made by D’Banj to US based Ebony magazine, in which the Kokomaster was quoted as laying claim of ownership to Mo Hits, sidelining Don Jazzy as “my artiste.”

”Coming from Africa I’m my own manager, ”D’Banj had told the magazine. “I have my own label called Mo’ Hits with my artistes Dr. Sid, Wande Coal, Don Jazzy, D’Prince and K-Switch. I own Mo’ Hits and we’ve won numerous awards by the grace of God.”

However, just as when the news of the split aired, D’banj’s populist, Bankuli reacted Wednesday in an email sent to a popular Nigerian Blogger, Linda Ikeji, disowning the comments but conceding the interview held.

He said he was in touch with the editor of the magazine on this and a correctional rejoinder will be published soonest. Mo Hits Records is co-owned by Don Jazzy and D’banj, Bankuli sought to affirm.

 


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