Music Executive Ubi Franklin Responds to Spyro’s $5,000 Scam Allegation, Reveals Unpaid N10.5M Car Deal Debt
Franklin countered Spyro’s claim, stating that the singer owes him N10.5M from a car purchase agreement. He alleged that Spyro failed to pay him his 10% share of the N105M car deal.
Franklin claimed he withheld the $5,000 performance fee until Spyro settles the unpaid debt.
“I got a call from one of our friends in Ghana saying the party that is going, some artistes have canceled. I should please; can they come since Iyanya and Spyro are around? I asked Iyanya, and he said he could go,” he said.
“He asked how much, and I said it was $5k since it was impromptu. And he was like, let us go. We went to the event, but they did not give us the money. It took some days until I started calling,” he said.
“I called Spyro and said this your car. Are you still giving me my 10%? He said, ‘Let me finish paying them, and he would pay me out. I was like, if I collected this money, I would give it to him. I want to see if he would tell me to take back my 10%, N10.5 million.
“The car was N105 million. I delayed it for a bit, waiting for him to activate. He took the car, but it was not on full payment. He paid N50 million, and the remaining he paid on December 23rd.
“The day I was going to give him the money, I called a senior mutual friend of ours. I called the car company today, and they said he had finished paying.”