- Ubi Franklin revealed that he is in debt of approximately 30 million naira, while also addressing the criticism he has faced on social media.
- He also revealed that he is owed a substantial 782 million naira, which according to him is a typical aspect of business operations.
Music executive Ubi Franklin has shared his financial situation, revealing he owes approximately 30 million naira.
In the same breath, he mentioned that others owe him a large sum of 782 million naira, characterizing this as a normal part of doing business.
This disclosure comes amid speculation surrounding his professional relationships, particularly with Chioma Rowland, Davido’s spouse, and the DMW crew.
In his statement, Ubi Franklin emphasized that he doesn’t seek validation and dismissed criticism as unnecessary.
He said;
“I am not going to say I don’t owe anybody. The total number of money I’m owing is not more than 30 million naira, while people are owing me almost 782 million “, He stated.
Nigerian singer Spyro had earlier called out Ubi Franklin over unpaid debt, he claimed that the music executive scammed him with Davido’s name.
According to Spyro, Ubi Franklin approached him with a proposal to perform at a birthday party, claiming that Davido had invited him and would pay him 5K for the performance.
He said:
“I have an issue with Ubi Franklin. Ubi just came down and said David said we should come perform at the birthday party that he was invited to that he was going to give us 5k. I called him to the side and said ‘bro first of all, I don’t charge 5k.’ My Nigerian currency wey I dey charge, the least I would do is N20 million.
On getting there, David was on stage, he came back from the stage and Ubi just came to me, he said ‘you’re going on the stage now’ before you know it, MC don announce, Spyro! And right after, I said okay Ubi, shebi you don sha make me, I don perform now, where my money wey you say David say him go give us? He said ‘no don’t go and buzz David o, he’s not the one actually, let me tell you the truth, he’s not the one that said you guys should come and do the show’. I was like are you kidding me? So David doesn’t even know anything about this, so you just used David’s name, this is broad daylight scam bro!”
