Reports confirms that Baseline records artiste, Skales, and his manager, Osagie Osarenkhoe, have been remanded in the police cell over alleged fraudulent activities involving the record label.
According to an inside source at the label, Wale Ewedemi, Skales alongside Osagie, defrauded the label of millions of Naira, which they diverted into other projects the label was unaware of.
According to Wale :
”Skales and His Manager Osagie have been remanded in Police Custody after confessing to various charges of fraud and diversion of Baseline Records funds.They are currently assisting the Police in unraveling the extent of the fraud. Running into tens of millions of Naira.
At the inception of the contract, he was given a fully furnished luxury apartment in Lekki in a gated estate, with a brand new customized SUV. And a multi million Naira sign on Fee.The record label also gave him a free hand to select and run his brand, supported by a multimillion naira corporate expense account. Skales behavior has reduced the appetite of the Record label to assist other young talents to achieve their full potential.”
Cool Fm’s Daddy Freeze gave an update on the issue.
Just yesterday, another fast rising artiste, Runtown, was served with a court injunction by his label, Eric-manny, stoping him from recording any new song or performing at an event without their permission.
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