The rift between Ubi Franklin and his former business partner, Iyanya is getting more intense.
Following recent allegations made by Iyanya against his former business partner, Ubi Franklin during their days together at Made Men Music Group [Triple MG], where Iyanya in separate interviews claimed that his time at the label were ”dark times”, Ubi Franklin has shared his own part of the story.
In an engaging interview with Cool FM on Wednesday, March 13, 2019, Ubi responded to the allegations, also provided documents to back up his claims.
When asked why Iyanya’s name was not on the original document that was just used in registering the record label as a business, he stated that Iyanya had asked to be left out as he didn’t want to sign anything, adding that he just wanted to do music.
”Iyanya was not part of it, he said he wanted to focus on the music”,Franklin said.
He also opened up on the point at which they were forced to re-draft the document and include Iyanya’s name on it.
”In August/September 2012, we had gone for a top Government official’s Mum burial in Delta State. At the airport, we saw a woman carrying her bag and I told Iyanya to go after her and help carry her bag. She now introduced herself and they started talking.It was while trying to get a loan that the bank insisted on Iyanya’s name on the document before they can approve the loan.
”In September, we went back to CAC to rectify the documents, I put my brothers names initially on the contract because Iyanya didn’t want to sign and the document can’t have only me on it.
“After the second CAC document was ready, we signed a Joint Venture document stating that every money that the company makes, we will share 50/50.We got a loan from the bank and Freda Francis [A mutual friend] was the person that gave us the security to back up our loan. We were able to push ‘Kukere’ to the next level, ‘Your Waist’ and other songs”.
Speaking further, Ubi Franklin said Iyanya doesn’t like Tekno. He noted that Iyanya wasn’t interested in him signing Tekno.
“At this point, I had contacted Iyanya and told him I would like to also sign Tekno and he told me point blank, I don’t want to be part of anything artist, I want to focus on my career and I am not interested in signing any artist.
Iyanya doesn’t like Tekno and I have proof to show that.
Freda Francis called me and said Ubi know you are great business guy and you know you want to do this, do it. I believed Tekno was going to be a big star.
Iyanya never spent a dime to promote Tekno. When ‘Duro’ came out and did well, I had bills to clear.
In 2016, Tekno had started making money and Iyanya said why is he not making money from Tekno. I said don’t f**k with me… You are supposed to apologize to me for not putting money in Tekno’s career.
“Before we started making money I transferred Tekno’s management to another company.
When someone says I have made N30M and we all run expenses and Tekno had shot three videos. If you take Tekno’s percentage and give to Iyanya how much will be left?
”Iyanya felt things were not moving fine that I was distracted with other artists. So he called us to his personal house in London to settle it.
When he said he was leaving, I was like fine, I left and went back to take care of my family.
A few days after the birth of my son, he posted that he had left the record label. He was sending me messages for settlement agreement. I didn’t know he had gone to another record label”
When asked about the allegations raised by Iyanya about his signature being forged by him, he said:”I have never forged anybody’s signature. I was sent to school to read law and I know the legal implications of forgery and I will never do that”