hours ago, the label issued a statement explaining why Naeto C is not
culpable,and threatening to take legal actions against the promoters.
But a rep for FBS, Muhammad Nura Abdullahi has replied the label,
saying 'We want to clearly state that 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.
Storms Records is however claiming Naeto C did NOT sign any contract
with FBS Entertainment. Abdullahi also alleges that Storm Records has
been aware of the on-going drama but refused to respond all along. 'We
(our legal team) wrote to Naeto C via Storm Records and Storms Records
is in the know and neglected to respond for long, attached is the
screen shot of that demand letter sent to them.
In view of this, Storm Records says they will "explore all options
made available 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.