Bad Boy Timz has left his record label, anonymous music, and he is suing them for defamation of character.
Bad Boy Timz was arrested in Abuja for allegedly defrauding his record label and some show organizers. You would also recall, how he appreciated Davido for facilitating his release two days ago.
This morning, the musician took to his Instagram page to announce that, he has left the record label and has filed an N200 million lawsuit for defamation of character.
According to the documents released by his solicitor, Segun Ojo & Co, the afro pop stars’ contract with his record label has expired and his departure is purely contractual and civil.
He also disclosed that the management at first demanded N160 million as payments for expenses and returns of his contract. He rejected the claim and did a revaluation of the amount they spent on him.
With the help of his father, he came up with a total of N14 million as expenses and returns that the label is entitled to.
However, the record label rejected the amount and forced him to top the previous amount he quoted to them. He also demanded the Label record get an external auditor to evaluate the company’s entitled expenses and returns.
The external auditor demanded the sum of N2 million as his fee for the revaluation and the parties involved agreed to spilt the fee 50-50.
The record label failed to get back to him in regards to the external auditor’s findings but went ahead to pay the Police to unlawfully arrest him in Abuja. They also made a video of the arrest to embarrass and disgrace him on social media.
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