Popular Nigerian musician, Skales has been taken into police custody along with his manager, Osagie Osarenkhoe on allegations of fraud. Both of them were accused of committing fraud against the artist’s record label, Baseline Records and diverting funds meant for the record company into their own pockets.
An insider who identified himself as Wale Ewedemi said botht the artist and his manager had confessed to embezzling an excess of 10 million Naira from the label.
“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 multi million Naira corporate expense account. Skales behavior has reduced the appetite of the Record label to assist other young talents to achieve their full potential.”
Popular Cool FM OAP, Freeze had this to say on the issue and the recent trend of artistes having legal issues with their record labels:
”and I talked about this on @coolfmlagos today on the #RoadShow. Many of these artistes are from the hood. One small hit and they upgrade their transportation from Marwa and Molue to a 2006 Range Rover or G wagon with 2014 body kit, then they upgrade their housing from mushin or Aj city to LEKKI phase one…. But the problem is they don’t upgrade their minds!!! They do business with intelligent and witty entrepreneurs while using their ‘Molue mentality’, not realizing that a contract is a contract and GRA-GRA cannot break it!”
The other day DJ Zeez was asked to pay his record label N21m, then the vector issue, then Runtown was issued a court injunction restraining him from performing and now skales allegedly sleeping inside police cell!!
Upcoming artistes abeg make una learn how to read book, no be everything be swag, no be everything be gra-gra! Please don’t jump and sign your life away for a plate of porridge!
UPGRADE YOUR MINDS!!!! Still trying to get Osagie and Skales for their own side of the story so expect more updates tomorrow…. In the meantime remember to read whatever u sign o! And make sure u have a good lawyer…”