Rumours have gone overboard that Tekno had left MMMG after the singer took to instagram to say Paul Okoye of Upfront and Personal had bought 50% of ‘his’ label. However, CEO of Triple MG, Ubi Franklin has confirmed that he indeed sold 50% shares of singer Iyanya’s shares in Triple MG to Paul Okoye.
Ubi, who spoke to The Cable Lifestyle, revealed that he bought Iyanya’s shares in the company after he exited the label in August 2016.
In his words:
“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.”
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