D’Banj Gives Up On Koko Lounge

Ripple effects of the Mo’Hits split is surprisingly still
lingering as Dbanj is said to be giving up on Koko Lounge
for reasons a little still connected to is old crew
It was revealedl that D’Banj is no longer part of the owners
of Koko Lounge. Story has it that Koko Lounge was co-owned
by 3 people, D’banj was one of the trio. The reasons for the
break out of D’Banj was said to be because he felt he wasn’t
making enough profit from the bar.
Our source revealed that one of the owners of Koko Lounge
is based abroad and is not usually around to manage and do
his duties for the business but instead is only interested in
the profit available anytime he’s present in the country which
didn’t go down well with the other owners as profit
depreciated with time.
“Dilution of the Mo’Hits Crew” was part of the agreement as
at the time when the bar was launched. The bar takes
responsibility of supplying the defunct Mo’Hits crew drinks.
This also affect profit maximazation.
The third owner porpularly called “Baba” has since bought
the full ownership of the Bar & Lounge which is located at the
third floor of E-Center in Yaba, Lagos. The bar is now known
or has been re-branded in name Amalga-Nation

Source: informationng.com

Posted from WordPress for BlackBerry.

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