According to a statement made available to NET, FBS (Fine Boy Swag) Entertainment is claiming that they contracted the Storm Records artiste to perform at a show which was scheduled to hold at Cubicle Arena, Maitama Garden, Maitama on July 18, 2012 by 5:00pm. FBS states that Naeto had agreed by signing a one page contract agreement dated July 12, 2012.
They also alleged that a sum of N400,000 (Four hundred thousand Naira) was paid into the rapper’s Guaranty Trust Bank (GTB) account.
‘Naeto C defaulted in performing as agreed in the contract signed, and also failed to pay back the money paid in respect of the contract four hundred thousand Naira (N400,000.00) being the deposit paid in respect of the contract’, Muhammad Nura, a rep for FBS said in the statement.
‘His actions as stated above apart from being a breach have also constituted an obtainment by false pretence which constitutes an offence under the laws of the Federal Republic of Nigeria.
'We hereby write to inform the general public of the activities constituting a betrayal of trust and serious criminal offence which should be accorded attention by all concerned’, Nura continued.
FBS Entertainment also say they have written the Economic and Financial Crimes commission (EFCC) about the matter as the rapper’s alleged actions has made their company to ‘suffer damages’.
When NET first contacted Storm Records, the very popular label that houses the rapper, the management said that they are not aware of the on-going drama but will look into in immediately.
Interestingly, Storm says that if they (FBS) paid a deposit and they could not complete payment, then they would have to forfeit the advane.
‘That’s standard for over 50 years in this industry globally. Revert tomorrow and I am sure we will have a handle on it’, Storm 360 CEO, Obi Asika said in an E-mail correspondence with NET.
‘And of course you know we stand with Naeto regardless of what they say!’, he added.
|The supposed contract Naeto C signed|
In a statement released exclusively to NET later on, Storm admits Naeto was approached by the FBS Entertainment body represented by one Muhammad Nura for the July 18 show although the said promoter did not have a direct conversation with the rapper regarding the subject.
We’re told communication was made through a certain DJ Fresh.
Storm says Naeto C actually made the trip to Abuja to fulfill his end of the agreement subject to receiving full payment for the said event a day before or on the date of the engagement.
‘When it became apparent on the day of the show that the promoters were not forthcoming with the balance, our client declined to grace the show with his presence especially as he had held up his end of the bargain regardless of the fact that the show was three days to his wedding’, Platonique PR, the label’s publicists said.
Storm most significantly says the signature on the agreement document is not Naeto C’s and that ‘the act of forgery is not only distasteful, but criminal’.
And as to why the N400,000 initial payment has not been refunded, Storm says:
‘A show promoter is liable to forfeit any money deposited to book an artiste for a particular date if the promoter fails to complete payment before the stipulated time for the performance and the artiste is permitted to walk away from the arrangement’. This is standard practice in entertainment all over the world because artiste will decline all other approaches by prospective clients once a party makes a commitment by way of an initial deposit’.
Storm says they will ‘explore all options made available to us within legal bounds of the constitution of Nigeria, including suing for fraudulent practices (forgery of signature) and defamation of character’ if the ‘false claims’ and accusations are not retracted and a letter of apology issued.
Culled from The Net