Friday , 29 August 2014
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REVEALED: The Real Reasons Why Wizkid Left EME To Float StarBoy Records

Facts have begun to emerge regarding the real story behind Wizkid and Banky’s fallout. The reason is not unconnected with the rising sensational singer being made a cash cow for the EME label.

wizkid_and_banky

An Insider opened up that Wizzy (his nickname) is at war with Banky W and EME because he wants a contract review which Banky W has refused to grant him.

The source pointed out that since Ayodeji Balogun known as Wizkid signed with EME, he has been getting just 25% from whatever he gets paid to perform at an event with Banky W’s Empire Mate Entertainment.

EME is owned by Banky W and Segun Demuren who get 50%; and Osagie, Wizzy’s ex-manager who introduced him to Banky after big record labels like Mo-Hits and Storm records rejected him, also got 25%  from his hard earned money.

“It is true they are having problems and this might just be the end of EME and Wizkid. When Wizzy signed his first (and last)contract with EME late in 2009, he saw Banky as his messiah because he was nobody in the music industry. It was a 75-25 sharing formula.

Then Wizkid didn’t mind because he was bent on building his musical career. In his contract, Banky W promised to take care of his accommodation, feeding and also his school and based on this fact, Wizkid accepted all the terms of agreement. Later, Wizzy sacked his manager, Osagie replacing her with Godwin because he felt she was getting too much.

Wizkid was getting just 25% from every show because EME would take 50% while Osagie was taking 25%.” Says an inside source.

Wizzy sacked Osagie because she was not ready to receive 10%, but it doesn’t end there. He was also having problems with Osagie who refused to come to terms with the fact that he was no longer the boy she picked up 4 years ago and couldn’t be bossed around.

The two had a bad falling out during which things deteriorated to the point where they began calling each other names. After the fight, he sacked Osagie.

This development did not go down well with Banky W but because Wizzy was close to the end of his contract with EME, he gave in. Osagie was replaced by Godwin, who works for EME, and still continued too get 25%. So till the expiration of the old contract, 75% was still going to EME, while Wizkid made do with 25%.

When Wizkid’s contract expired late last year, he wanted a contract review requesting the 75-25 sharing formula be reviewed to 50-50 but Banky would not accept his proposal.

Banky wanted EME to provide a manager who would keep taking 25%, but Wiz insisted he wanted 50%, and that he would pay his manager out of his own pocket.

This issue had been dragging since September 2012 and that could have explained why  Wizkid moved out of Banky’s Ogudu GRA residence and got a new apartment in Lekki.

What got Wizzy miffed was that he was making all the money for EME and was getting less. Also, the money being made was being used to finance the project of other EME stars namely, Niyola, Skales and Shaydee.

Apparently Wizkid’s international fame gave him more confidence to stand out on his own. Riding on this platform, he signed a management deal with Disturbing London, an international management company. Right now, his second Album is ready and features stars like Wale, Chris Brown, Tinie Tempar and others.

Another inside source also adds: “the last time Wizkid charged 1million for a show was about 3 years ago. Before his fracas with EME, he was charging nothing less than three million per show, and the fee for corporate shows was way higher.

In a week, Wiz was doing at least three shows, and raking in nothing less than 6million naira for EME on the average, totaling  up to about 24 million naira per month. During festive periods, particularly Christmas, the amount he raked in was about triple that amount or more, and he charges even more for international shows.

Then there were endorsements, the biggest of which was the PEPSI deal for which he was paid a staggering sum of $365,000. Of all these, Wizkid was only getting 25%. ”

The final straw was Banky’s album launch recently. Wizkid was not invited for the show but he went  all the same to show solidarity for his former label boss. Also, before the show, the contract review argument was still on ground and Wizkid was hoping the label would reconsider and take his offer. What he really wanted was 50%, out of which he would pay his manager, bodyguard, and mopol entourage, which he thought was reasonable.

However, during the show, Wiz was snubbed. The label refused to acknowledge his presence, and with this, the relationship with EME was severed. Wizkid is now operating under his own label STARBOY RECORDS.

So serious is the EME-Wizkid fallout that the label is now making people take sides. Sources say EME members no longer want to have anything to do with Wizkid and anyone that has any dealings with him.

Banky W may not have given his side of the story but insiders note that Banky has spent a lot to make Wizkid who he is now.

He feels Wizkid is not grateful and has forgotten where he was coming from. Sources say that Segun Demuren, Co-owner of EME has vowed to deal with Wiz-kid and make him regret ever leaving label.

With all said and done, here is wishing both parties all the best in their future endeavors.

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Comments

37 comments

  1. Wizzy carry go joor
    i dont blame u at all after all u were the one who made the Label known to the public
    all he wanted was 50% that’s all
    Banky is a theif nd a greedy man
    since he was alone who knew him, let him go nd sit down, nd if anything happen to wizzy fans will not take it likely with u oo, banky take time o,
    Wizkid i support u joor….
    MK

  2. Get a lyfe edith&leArn 2 read b4 dropin ur jagppns

  3. I like the decision wizzy made by leaving EME records. Doesn’t matter because Banky helped him in his music career, both helped each other and both are well known today. So don’t criticize star boy wizzy because he’s going to the zenith…….love star boi records

  4. Pls,can anybody tell me y record label owners love 2 syphone artiste underneath them?Wizzy wasn’t greedy@all,4 Banky 2 av helped him,so wat???was it nt sm1 who helped d Banky himself when he jst got back 4rm whereva he went 2 n suddenly appeared on our TV screens,singing sm’dry songs’?Segun Demuren,God is biGger than U,there’s notin U can do 2 Star-boy,cos we r watchin u,nothin must go wrong wit My Wizzy.We live n exist cos of eachother,he’s helped ur label too,can’t u see dat?Wizkid,God bless u,n any action u tk jareeeeeeeeeeeee.Love Starboi records,

  5. D stream dat 4get s source s ready 2 dry up… Bt den banky no bcos u lifted sm1 u nw wt 2 tk him 4 a slave or a fool cos no b ur power na Jehovah mk am wrk dat way. d boy s nt askin 4 much he no b pickin again nw 50 : 50. U go miss am o
    Ooº°˚ ˚°ºoo

  6. If anything should happen to him bankyw with out his shapeless baldheaded and that other guy are in trouble o,after all na him bost the eme and na him boost the eme and na him sabi sing pass there,banky style na old school,wizzy ride on jhur ayo my name sake.

  7. Ntn must hpn 2 my wizzy o. Dat boi is endowed, d fact dat bankole helped him 2 stardom does nt mean he shld turn him 2 his slave besides, do u know how many record label wants dat dude?

  8. starboy ride-on no evil wil com 2 u.

  9. Hey guys! A contract is a contract,let’s us learn to respect dat! 50% for EME is not too much,mind u guys,EME is a buznes own by 2 persons,wiskid has 25% without paying for anytin,accomdatn,food,cost of trip etc! For God sake hw can he want 50%? Mehn guy, dnt paint banky is a bad guy! He luvs dis guy,am sure of dat!

  10. Hmmmm! All I av to say is dat banky should lev wizkid alone, he has chosen his own path,wat he was going through will not stop him from where he is going to! Wizzy; I pray for you ok, God will help you? Banky even if u were the one who pick him up from wherever dat doesn’t mean u’d av to annonce it, joooor allow the boy to grow? Luv u wizkid_”

  11. Wizzy carry on man, no lele. Banky u no well sha

  12. Wizzy is big enuf 2 decide 4 himself xo der’s nafin bad in dat… Nd EME won’t get a star lyk him anymore lolx

  13. This is all very funny and interesting….someone works is f**king a*s off to make almost all the money for the label and he gets 25%…den u could just say his a slave there,to me his like the only start there self…f**k skales and d shaydee guy..with d bitch…skales rap is sooo f’ed up..”No beefin”..his beta off from those loosers,and mr banky w…powder dude,and shinin head..u go soon know wen money no dey again…u and ur yes/no song..gay a*s bitch…oh well..enough said…wiz is on a lowkey for now..by d time ma hommie start featuring lil wayne and jayz,with cole word…yall gona be looking like don jazzy..wen dbanj left to rule the world…one love bro…biggest fan here..WIZZY!!!

  14. Banky w if u do dat boy anytin dat ur big head wil end up wit notin inside…..thief like u

  15. Banky w if u do dat boy anytin dat ur big head wil end up wit notin inside…..thief like u… Go future my chris brown 4me jooor so wen u don dey mke d money wey u deserve as a star nobody go wake u up like chris brown

  16. Banky W. Let Wizzy go to his own destination, God directed him to u, nw D same God directed him to another way of joy . . . I mean u still av some useful stars, like: Skales, Niyola etc. . . So, let AyoBALOGUN carry on. .May Almighty God lead u through. . .WizDad carry on.. No fashion weapon against u shall….. No b curse…

  17. waiting be the impart of banky w dey do for the industry i dislike the guy self he knw anything music he no shabi sing na another person song he go dey sing up and down…monkey dey work babu dey chop…

  18. All I av to say is that wizkid you now av your own record label now wat if the situation happens to you.

  19. Banky shld 4get wizkid nd carry on if he could bring up sum1 lyk wizzy 2 stardom he can do it again nd nt scare him off with such a ridiculus payment ratio.nd wizzy u re a boss of urself nw we go soon hear ur own story.

  20. Star boi wizzy I dy wit u carry go joooor banky w tak am esy wizkid is beta dan u

  21. Ogbeni wizzy 20 man shall fall dat day if they crose ur lain oh finest boi carry go jawe i day ur back.

  22. wizzy u too much,we dey wit u,banky no get sence,u wey dey mak eme famous,nai banky dey do any hw so.na u b my no1;;;;starboy,,,,,

  23. wizzy nofin do u,he has tried 4 EME;xo he should look 4 the foward via STARBOY RECORDS,i tink he will do much better thr

  24. what goes around comes around and what comes around goes around, wish you all the best wizkid and for banky W until this guy left i know you are greedy but u av to consider this guy and financially encourage him to be a man of himself rather than treating him like a resource in your record label……….

  25. Augustine umeadi

    Wizzy ma man,….well all d same sha,u choosed d rite path nd i pray dat God help u out in al ur pathways,.he shal neva let u go astray,.,….well 4 u banky w u shud leave him 2 his choice,,.u hv done ur path datz all(wizzy ride on,,,..,luk i nid sum hot trackz diz year i mean lyk plenty ok…luv u)

  26. There z somtin dat will surely be happening nd will never stop…all human being shall act like human being till d world ends up…BUT mr Banky u ar living wit complicative lifestyle nd u dont kno..Bt all i have 2 say z 2 persuade my bro mr WIZZY dat as posible as we ar stil under heaven,dont believe no man can nt betrayed u…. Jst lay ur focus on wia u ar going 2 nd mind u, those u see as a frnd ar destrosive agents”to ba lowo won ma te le e lo” see i lyk u so much jst carry go jooo….ur fan SIMMY B

  27. wizy u are d best u took a great step wic am hapy wit,wen u visited me at white house i gave u dat go ahead am solidly bhind u,to hell wit banky w

  28. banky w ur yash no get better hoe , wizzy carry go jooooo!

  29. Wizkid me lyk u wel wel ivun if nah u get fault i nah 1 knw na lov me i go dey lov u .as for banky w…no b wizzbaby fault..had it been me i would hav apologised nd link up with eme .just lyk konvict & eme saga .banky, just knw dat wizz is not your money making machine nd 4get anytin which u ve had togeda……..Riddox.TINX.na so e go b.

  30. Pals I dnt blame wizzy, d dude is trying, he make d world knw eme, who is skale either banky, shuld been given 50% not 25%, dat cheating, ride wizzy guys dey ur back, u will neva fall.

  31. Wizzy u re jxt de best…carry go joor….BANKY WE THANK U SOO MUCH 4 BUILDIN DIZ GUY UP…HIZ NW A MAN XO PLZZ KINDLY LET HIM BE……….

  32. I cannot blame banky and i cannot blame wizzy also…bcoz without d support of banky wizkid can’t get to where he his today, we can see when whizkid got sign in to EME record label,, we can see dat he his noting, so it is banky w dat make him too be fame in nigeria…so if banky w do such a thing…i tink it is not too bad…..but d only ting is dat banky does not suppose to cheat whizkid since he know dat wizkid was d one who lift up d label to where it is today although d EME LABEL as been established a long time and we know dat b4 wizkid join d label it as been authorise and d company can never b 4 gotting….So without d label and banky w wizkid can get too where it is today..So wizkid hav no choice…
    so i will like too advice and encourage wizzy too be more civilize and respectful too his boss who brought him fame and… knw what he his doing…And also too respect his former label…So dat his new label will also be respect by his upcoming artiste…
    so wizzy keep flowing and also d eme-star

  33. Wizzy move on we love;;and forget that old wretch looking a*s banky;;he is just so greedy;;nw we will see what EmE can provide;;after i love u even more when you become a starboy

  34. We all clamour 4 growth. No body wishes 2 b stagnant. Wizzy clamors 2 go further d level he is nw. Its very necezri. He hs bin very productiv 4 EME he dezafs a rise. Am evn shock 2 ma bone marrow dat its jos 25% take home 4 wizzy. 4 me at dis point of his career he dezafs mor. EME hv u gaiz nt profitted yet in ur deal wit d young lad?Let him b. Stop threatenin him jare. He evn stil shwed loyalty evn wen he wsnt recognysd in d album launch. Its obvios he stil wilin 2 b wit u gaiz. Pls Ogbeni Wizzy u’ve made a giant step. 4ward eva. No dullin. Its a free wrld.

  35. Wizkid is now a pillar neither a rock it can’t fall again…..so selfish Bankyw face ur own business now and leave dis young guy with his famous star……aftall he is d one dat serves as income for d label at his time with his talent….so u av to give m and provide him anytin he wanted without anydelay or wasting of tym……e.m.e will now realize dat a star has leave their midst now ohhhhh too late for u to repent or reconsider….wiskid carrygo i enjoy ur flow…..starboy tins…..@ sample akwe 1…no mess up!!!!….

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