Abuja-based outfit, F.B.S Entertainment, is accusing the Kini Big Deal hit-maker, Naeto C, of allegedly collecting a total of N400,000 as deposit, following an agreement that he was going to perform at their show, which was scheduled to hold at Cubicle Arena, Maitama Garden, Maitama on the 18th of July, 2012.
Super C as he is fondly called, allegedly defaulted in performing as agreed and also failed to pay back the Four Hundred Thousand Naira (N400,000.00).
Official Press Release Below:
REPORT OF FRAUDULENT OBTAINMENT OF MONEY BY MR NAETO CHIKWE
We write to report the case of obtainment by false pretense committed against our enterprise Fine Boy Swag Entertainment (herein referred to as “Our Company”) by Mr. NAETO CHIKWE.
(A musician by profession who is popularly known as “NAETO C” also herein referred to as “NAETO C”.)
We would like to state that we had discussions with NAETO C over a contract to perform at the show which was scheduled to hold at Cubicle Arena, Maitama Garden, Maitama on 18th of July 2012 by 5:00pm in Abuja, Federal Republic of Nigeria and he agreed to perform at the show.
Our agreement is detailed in a one page contract agreement dated 14th July, 2012 and signed by NAETO C and our enterprise.
Consequently, and as agreed upon discussions with NAETO C, Our Company paid a deposit in the sum of Four hundred thousand Naira (N400, 000.00) into NAETO C’s Guaranty Trust Bank (GTB) Account with the account details as follows Account Name: Naeto Chikwe. Acct Number: 01157******.
NAETO C defaulted in performing as agreed in the contract signed, and also failed to pay back the money paid in respect of the contract four hundred thousand Naira (N400,000.00) being the deposit paid in respect of the contract.
His actions as stated above apart from being a breach have also constituted an obtainment by false pretense which constitutes an offence under the laws of the Federal Republic of Nigeria.
We hereby write to inform the general public of the activities constituting a betrayal of trust and serious criminal offence which should be accorded attention by all concerned.
NAETO C’s actions have made Our Company to suffer damages, which among others include loss of good image, business goodwill and withdrawal of contract deals by clients as many clients now see Our Client as being unreliable.
Our discussions with NAETO C to recover the amount paid have been fruitless and have been met with insults.
We have written to EFCC to ensure that justice is done in respect of this matter and also to ensure that NAETO C is brought to book to curb the crime rate in Nigeria.
We will be available for further consultations in respect of this matter as the claims are not in any way frivolous.
Yours faithfully,
Muhammad Nura.
FOR: FINE BOY SWAG ENTERTAINMENT.
UPDATE: Storm Records Fight Back
Following the accusation by FBS Entertainment that they contracted Storm Records artiste, Naeto C to perform at a show, and having paid a sum of N400,000 (Four hundred thousand Naira) into the rapper’s Guaranty Trust Bank (GTB) account, and signing a one page contract agreement dated July 12, 2012, the rapper failed to show up, Storm Records has threatened to sue the promoter, Muhammad Nura who allegedly represented FBS Entertainment.
In a statement released to NET, Storm Records admits Naeto C was approached but the said promoter did not have a direct conversation with the rapper regarding the subject.
Reports say communication was made through a certain DJ Fresh.
According to Storm Records, Naeto C made the journey to Abuja to fulfil his own end of the deal subject to receiving full payment for the event a day before or on the day of the event.
“When it became apparent on the day of the show that the promoters were not forthcoming with the balance, our client declined to grace the show with his presence especially as he had held up his end of the bargain regardless of the fact that the show was three days to his wedding,” Platonique PR, the label’s publicists said.
Storm pointed out that the signature on the agreement document is not Naeto C’s and that ‘the act of forgery is not only distasteful, but also criminal’.
Storm explains why the N400,000 initial payment has not been refunded saying: “A show promoter is liable to forfeit any money deposited to book an artiste for a particular date if the promoter fails to complete payment before the stipulated time for the performance and the artiste is permitted to walk away from the arrangement.”
“This is standard practise in entertainment all over the world because artiste will decline all other approaches by prospective clients once a party makes a commitment by way of an initial deposit.”
In view of this, Storm Records says they will “explore all options made available to us within legal bounds of the constitution of Nigeria, including suing for fraudulent practices (forgery of signature) and defamation of character”, if the accusations are not retracted and apology issued to that effect.
In their response, FBS entertainment said through a representative, Muhammad Nura Abdullahi that “We want to clearly state tha Naeto C categorically agreed to the advance payment and the agreement did not state that default to pay the full contract sum (which was never demanded for) repudiates the contract.
“In fact, the standard of all contract agreement dictates that parties are bound by the agreement and none of the parties can unilaterally use any standard to interpret the contents of a signed agreement. We would like to state that no custom should be used to defraud people on any grounds. This is the law!”
Storm Records claims Naeto C did not sign any contract with FBS Entertainment, but Abdullahi thinks Storm Records are just being hypocritical. He alleges that Storm Records has been aware of the situation all along, but refused to respond.
“We (our legal team) wrote Naeto C via Storm Records and Storm Records is in the know and neglected to respond for long. Attached is the screen shot of that demand letter sent to them. A confirmation of delivery receipt and courier details from UPS,” Abdullahi said.
Source: Information Nigeria
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