Last week, many were taken aback when Afrobeat singer, Olurunyomi Oloruntimilehin, aka Bad Boy Timz, was seen in a viral video being paraded in handcuffs.
The artiste’s record label, Anonymous Music, stated that the MJ singer was arrested for allegedly defrauding the company.
The statement read, “The management of Anonymous Music is aware of the reports that an artist signed to the label was arrested in Abuja for allegedly defrauding the label and other parties.
“Anonymous Music entered into an exclusive five-year recording and performance contract with BadboyTimz in 2019. By the exclusive nature of the contract, the artist is not permitted to, among other things, engage in features, collaborations, recording of masters (songs), performances, and/or production of records/recordings with persons other than the label, without the consent or authorization of the label.
“The label since the inception of this contract has diligently sponsored, financed, and promoted every aspect of the artiste’s music career during this period. Under the management of the label, the artist has received national accolades and nods from local and international stakeholders in the entertainment industry. Therefore, we find it quite unfortunate and a sad turn of events that the artiste and his manager, Jerry Adibe of Slippery Entertainment, are suspected of being involved in what appears to be the diversion of monies belonging accruing to the label for their personal use. The label has reported its suspicions to law enforcement authorities, respect for the law, and the love of music and the entertainment industry. The label has no interest in this development beyond a desire to see that truth and justice prevail.
“However, we feel that it is also our duty to inform the general public (including promoters, producers, booking agents and other stakeholders in the entertainment industry) to exercise due caution when dealing in the industry.”