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HomeEntertainmentIyanya’s 50% Share In Triple MG Sold

Iyanya’s 50% Share In Triple MG Sold

Iyanya

Iyanya’s 50% Share In Triple MG Sold

TRIPLE MG Record label boss, Ubi Franklin, has confirmed that he sold the 50% shares owned by former co-owner and label act, Iyanya, to Upfront and Personal CEO, Paul Okoye.
The 50% shares which he said formerly belonged to Iyanya when he was still signed to the label, was sold to Paul Okoye when he left the label for Don Jazzy’s Mavin Records.
According to Ubi in a recent interview, when Iyanya was quitting Triple MG, he (Ubi) bought over Iyanya’s 50% shares which he subsequently sold to Paul Okoye, making him a part owner of the label. “When Iyanya was leaving, I bought over his shares, so I owned 100% of the company.
I sold those shares to Paul Okoye of Upfront and Personal. Paul Okoye now owns part of MMMG” Ubi confirmed.
Ubi Franklin He went further to reveal that the management of Triple MG is working out the modalities to organize a press conference to address the recent developments in the company.
This was futher revealed by Triple MG act, Tekno, who made this known via his New Year message to fans

In his words:

“My people, listen. I’m happy and excited about life. That’s all that matters despite this year being a crazy year.

“So, I want to use this opportunity to say thank you to Upfront and Personal. Thank you Paul O for becoming a part of my label, for buying into the company… owning 50% shares of the company.

“This is really good. I’m excited because it really facilitated a lot of things.”

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