Thursday, 22 November 2012

Naeto C Accused of Fraudulently Receiving Money, Reported to EFCC



'Yes Boss' progenitor Naeto C has been accused of fraud by a certain 'Fine Boy Swag (FBS) Entertainment’ outfit. They allege that he did not show up for a particular show after being paid and signing a contract to that effect.


FBS states that Naeto had signed the contract dated July 12, 2012 to perform at a show which was scheduled to hold at Cubicle Arena, Maitama Garden, Maitama on July 18, 2012 by 5:00pm. They also claim that a sum of N400,000 (Four hundred thousand Naira) was paid into the rapper’s Guaranty Trust Bank (GTB) account.


"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’, Muhammad Nura, a rep for FBS said in the statement.

"His actions as stated above apart from being a breach have also constituted an obtainment by false pretence 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", Nura continued.

FBS also revealed that the Economic and Financial Crimes Commision(EFCC) have been alerted about the matter.

Meanwhile, Storm records in a statement issued this evening, admits Naeto was approached by the FBS Entertainment body represented by Muhammad Nura for the July 18 show although the said promoter did not have a direct conversation with the rapper regarding the subject. Communication, according to Storm Records, was made through one DJ Fresh.

Storm says Naeto C actually made the trip to Abuja to fulfill his end of the agreement subject to receiving full payment for the said event a day before or on the date of the engagement.

"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.

The record label also maintains that the signature on the agreement document is not Naeto C’s and that ‘the act of forgery is not only distasteful, but criminal’.

And as to why the N400,000 initial payment has not been refunded, Storm says:

"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 practice 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".


The contract supposedly signed by Naeto C


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