TripleMG boss Ubi Franklin has confirmed sale of the portion of shares owned by Iyanya to Paul Okoye of management consultants Upfront and Personal.
Tekno
revealed this earlier but didn't specify TripleMG as the company Paul O
was buying from, leaving room for speculations that he had probably
left TripleMG and started his own outfit.
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Iyanya-and-Ubi-Franklin(Made Men Music)
Speaking to The Cable Lifestyle,
Ubi confirmed he indeed sold 50% of his shares which he bought over
from Iyanya after he exited the label back in August 2016, to Paul Okoye
of Upfront and Personal Management Consultancy outfit.
“When
Iyanya was leaving, I bought over his shares so I owned 100% of the
company so I sold those shares to Paul Okoye of Upfront and Personal.”
“Paul Okoye now owns part of MMMG,” he added.
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Tekno signing his Sony Deal.(Twitter)
This
interest in TripleMG by the popular music promoter and events manager
Paul O, comes as no surprise since his management outfit were behind the
facilitation of the Sony deal Tekno got to sign late last year.
Franklin also noted that a press conference would soon hold to brief the media on recent developments in the label.
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