Music executive Ubi Franklin has publicly responded to the ongoing dispute with Nigerian singer Spyro over the $5000 that was allegedly promised by Davido. In his response, Franklin claimed that he has the $5000 in his possession but is withholding it until Spyro settles a separate financial matter regarding a car deal from the previous year.
The Car Deal Dispute
According to Franklin, the issue stems from a car deal that he helped facilitate for Spyro in 2023. He stated that he assisted the singer in securing a car, but Spyro had yet to pay him N10.5 million (approximately $13,000) for his role in the transaction. Franklin claims that Spyro had agreed to pay this amount, but the payment has not been made, which he says is the reason the $5000 remains with him.
Ubi Franklin’s Condition for Releasing the $5000
In a video posted on social media, Franklin explained that the $5000 is essentially a “bargaining chip” until Spyro fulfills his financial obligations related to the car deal. He clarified that once the N10.5 million is paid, he would release the $5000 to Spyro.
Spyro’s Response to the New Allegation
Spyro has not yet publicly responded to Franklin’s latest statement, but fans are eagerly awaiting his side of the story. The singer previously shared screenshots of his WhatsApp conversation with Franklin, where he expressed frustration over not receiving the promised funds. Now, with Franklin’s counterclaim, the situation has become more complicated.
Fans React to the Drama
The back-and-forth between Spyro and Ubi Franklin has sparked intense debate on social media. Some fans are taking sides, with many expressing support for Spyro, while others believe Franklin’s position is reasonable, given the car deal that Spyro allegedly still owes money for.
The Ethics of Industry Deals
This public feud has highlighted the need for clear agreements and transparency in the music and entertainment industry, especially when it comes to financial dealings between artists and executives. Industry observers are calling for both parties to settle their differences amicably to avoid further damage to their reputations.
Ubi Franklin’s Role in the Music Industry
Ubi Franklin, the founder of the record label Made Men Music Group (MMMG), has been a prominent figure in the Nigerian entertainment industry. His work with artists like Tekno, Iyanya, and others has earned him respect, but this ongoing feud with Spyro could potentially affect his public image.
Spyro’s Continued Rise in Music
Despite the financial controversy, Spyro continues to gain recognition in the Nigerian music scene with his hits and distinct style. He has managed to maintain a strong fan base and is focused on growing his career despite the public scrutiny.
What’s Next for Spyro and Ubi Franklin?
With both parties standing their ground, many are wondering how this dispute will unfold. Will Spyro settle the car deal and receive the $5000, or will further negotiations take place behind the scenes? Only time will tell how this drama will impact their respective careers.
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Written By Fortune Davidson