The management of Magikal
Entertainment has resolved to take a legal action against the rap
artiste, CocoIce over a lingering unpaid debt
running into several millions of Naira the artiste is owing the
management
company after having made several overture to her for her to pay up the
money.
This much was revealed in a statement made available to us by the
company.
According to Biodun
Caston-Dada, the management CEO, "we
have sent her several e-mails, requesting for the payment of the debt
since she
had signed up with a record label over 4 months ago,
but she had been ignoring
our mails and NEVER replied any, this her nonchalant attitude is leaving
us
with no other option but to take a legal action for us to be able to
recoup our
investment made on her and the money she's owing us. We have a duly
signed
agreement by her that she is owning Magikal
Entertainment and we are set to recoup the money through a legal
means", he stated.
The management company further stated that the money
in
contention were spent on her songs and music video productions, welfare
as well
as many other promotional items while she was still with the company.
The company said that they've tried all within their
power
to resolve the issue amicably out of court but the rap artiste is not
yielding
on her part or show any concern to pay up the said money.
It will be recall that the rap artiste’s contract was
recently terminated by the management company over irreconcilable
differences.
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