According to self-described international journalist Kemi Olunloyo, Naira Marley, CEO of Marlin Music, owes the late musician Mohbad $300 million.
She added that the late Nigerian artist had a net worth of about $690,000.
She stated these things on her X page (formerly Twitter), after claiming to have done her homework.
In a post titled “MOHBAD’S MUSIC ESTATE: Following my investigation into streams and the Imolenization CAC search, I learned that Mohbad is currently worth N700M, or almost $690,000.
“He owes Naira Marley N300M in song royalties.” I incorrectly identified Tiwa, Teni, and Mohbad as the top three songwriters in Nigeria on my X Spaces. Nearly 97% of the tracks in Marlian Music were written by Mohbad.
“Songwriters receive royalties, and when I served as a Canadian Grammy judge at TheJUNOAwards, I used the @SOCANFoundation as an example.”
“Mohbad complained that Naira Marley was holding his royalties and streaming revenues as well as downloads. They pretty much had a BAD BUSINESS RELATIONSHIP.”
“Artist developers are needed in Nigeria. Remove the drugs and cultism and the industry will be super global.”
“As you can see Davido came to represent the brotherhood despite the fact that I warned him not to step in Nigeria.”
“Only the intelligent can understand that part. Nobody speaks against the brotherhood. Most music industry label bosses and the ones at the top have largely been silent.”
“They are all affiliated with the same cult. They can’t speak against Naira Marley.”
“My suggestion as Mohbad’s estate hits one Billion Naira in days to come is a court appointed probate lawyer to take over his music assets assuming Naira Marley releases the funds. It will be a bitter court fight.”
“He should have taken this to court a long time but people like Zlatan and Bella Shmurda told him to “hang in there.”
“These devil sent frenemies could have helped him. It’s like a woman being beaten by the husband and relatives tell her to stay in the bad relationship.”
“The toxicity will finally kill you. Drugs abuse, hypertension, alcohol etc developed.”
“All his major hits are in Marlian music plus all the songs he wrote for Zino and Naira all added to that N300M.”
ENTIRE STATEMENT FOLLOWS:
