Stella Dimoko Korkus.com: Music Label Boss Ubi Franklin Affirms That Paul Okoye Bought Iyanya's Share When He Left

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Tuesday, 3 January 2017

Music Label Boss Ubi Franklin Affirms That Paul Okoye Bought Iyanya's Share When He Left

Ubi Franklin, CEO of Made Men Music Group (MMMG), says he sold “part” of his record label to Paul Okoye, CEO of Upfront and Personal, a management and consultancy outfit.




Franklin’s disclosure came after his artiste, Tekno Miles, had revealed on Instagram that Okoye, popularly called Paul O, “owns 50% of MMMG”.

Subsequently, TheCable Lifestyle published a report examining the circumstances surrounding the transfer of shares and the part played by Iyanya Mbuk, former co-owner of MMG.

According to Franklin, he bought Iyanya’s shares when the ‘Your Waist’ singer left the record label in August 2016.

The husband of Nollywood actress Lilian Esoro told TheCable Lifestyle that he later sold the shares to Paul O.

He said: “When Iyanya was leaving, I bought over his shares so I owned 100% of the company so I sold those shares to Paul Okoye of Upfront and Personal.”

“Paul Okoye now owns part of MMMG,” Franklin added.

Although they co-founded MMMG, Iyanya chose to leave so as to develop his music by working closely with Don Jazzy, CEO of Mavin Records.

Iyanya had told TheCable Lifestyle that he needed to work with someone “who understands the music industry and can help me fulfil that dream. Making sure that I get my music right is the most important thing”.

“We needed somebody who can help bring the real Iyanya to life, the singing Iyanya but at the same time commercialise the music,” he had said.

Franklin, a popular artiste manager, also noted that a press conference would soon be held to explain the recent developments in the company.

From the cable.


46 comments:

Default Smile said...

Paul, Paul, Paul!!!

How many times did i call u? Lol


#My case is different

Doppelgänger said...

I think Ubi will have to enter studio soon o, all his artists have left. All the best to him, I hope he has another source of income.

Blessing Jackson said...

Seen

I am king EZE said...

If tekno leaves, that record label is done for

trey mama said...

Story!

NUVI HONEY said...

I still don't understand this move from iyanya unless there's something there are not telling us. He could still have a share in the company even though he moved to another label.
Seem like he didn't want anything to do with Ubi.

trey mama said...

Story!

Isaacson said...

Great move by Paul...i hope iyanya does not regret losing his shares to him someday in the future sha

peace maker said...

Hmmmmm!!! This Ubi must be a very difficult + domineering fellow.
His best artist & wife all left in a year.

Suwa Nen said...

Which one be the husband of Lillian? He has a name na..

Tayan Taylor said...

Harry song is married nd denying it like his frd kcee
Ubi talks too much

Atheist ™ said...

Ubi looking like a houseboy sitted nxt to Inyanya.

Cynthia Iyede said...

Ok

nnuku Sexy pant-like boxers. 08170506432 Order now said...

Mtcheeew
Kin temi?

Loveme Jeje said...

Hmmmm nothing wrong in selling. Hope it won't cause problems

Jasmine said...

Paul the business man!!!

Nice one

Single Mom said...

Okay noted

Atheist ™ said...
This comment has been removed by the author.
Anonymous said...

Ubi, you talk too much. Which other explanation do you want to give? Opportunity to talk

Becky Divine said...

I read somewhere yesterday that Tekno has left too lol... Wishing Ubi all the best

Onye said...

Paul , Paul,

nkiru Iwuchukwu said...

Ubi Franklin there is something off about him looks over domineering to me. When you suffocate an artist they leave.

ORIAKU said...

Jeje remember me too. My prayer point is God bless me with a good FG job + every emptiness die by fire.

ORIAKU said...

Jeje remember me too. My prayer point is God bless me with a good FG job + every emptiness die by fire.

Lipstickalley said...

Their headache, there shares, there upfront.

Kim Kardashian Aka portable queen of sdk blog said...

Hmmmmmmmmmmmm

Kim Kardashian Aka portable queen of sdk blog said...

That's if tekno decides to leave

Chinny Baby said...

I hope inyanya will not regret his move

stranger said...

Iyami!

Fab Mum said...

Teckno is making money for him, for now...

Anonymous said...

Shebi you know the Paul okoye here is not P square. It's Paulo that owns upfront and personal.

Anonymous said...

Not Paul of P square madam

IRENE B FOR IYANYA said...

Iyanya made a good biz movehe sings well,he is sexy but he needs someone that knows commercial music very well. above all he needs ME.

Anonymous said...

Nuvi Ubi talks too much for a man. Always writing long epistles and seeking validation on social media. Mr pity party, playing mind games on IG. Today he has his wedding ring on, tomorrow he has it off. Ubi is just an attention seeking disgruntled baby in a man's body.

Nne nwa said...

there is something about Paul okoye that i admire ...
his reserved, gentle but still that sharp igbo boy nature... nice one
ubi na u no

charitybino said...

Eh ehn

Emilia Peter said...

Ubi watch ur character well ooooooo. It's well

BEDS AND ROSES said...

People shld give Ubi a break abeg, the guy is just 30yrs old.
How many 30yr olds can attest to doing this well in their chosen field, every one starts from smwe'r. Sometimes some investments will yield profits, smtimes investment will fail.
2016 wasn't the best yr for the guy.
His marriage to Lilian, I cant judge until Lilian herself comes out to say she suffered DV.

Carina K Jacob said...

Ok o.

Slikky said...

Bless u for this! Everyone blames ds guy like he's supposed to be perfect cos he's in d limelight. We all make mistakes pls!! Let hope he has learned some things n ready to right his wrongs. Lilian never loved Ubi. She married him out of pity n felt it wld get better. Ubi on his part needs to reflect on his life so as to hv a much more better 2017.

Hanny said...

Where have you been? Teckno has left nau. Instablognaija posted it yesterday

Anonymous said...

My faceless friend. I really enjoyed the few days we chatted. I didn't want it to end, but....

Anonymous said...

So all that money spent for the notorious wedding went down the drain just like that.bu hu hu >crying<sniff,sniff

Chikito The Professional Fire for Fire said...

Why do I feel like one of them is headed for the rocks? Either iyanya or Ubi? Because when dbanj and don j split one person was on his way to nothing (no one should come and tell me dbanj isn't doing badly because he was better off with don. Thank You!). So Iyanya moved from owning his own record label to going under someone? Okay. And Ubi now partners with one of the Ps to run MMMG? Okay. Doesn't look good to me. One bit.
Or was Iyanya loosing his steam? Maybe he was and needed someone who repackage him. Don is good at that. I think this is one of those times when you can see that a woman changes everything in man's life. Since Lilian came everything just I dunno....

Chikito The Professional Fire for Fire said...

Why do I feel like one of them is headed for the rocks? Either iyanya or Ubi? Because when dbanj and don j split one person was on his way to nothing (no one should come and tell me dbanj isn't doing badly because he was better off with don. Thank You!). So Iyanya moved from owning his own record label to going under someone? Okay. And Ubi now partners with one of the Ps to run MMMG? Okay. Doesn't look good to me. One bit.
Or was Iyanya loosing his steam? Maybe he was and needed someone who repackage him. Don is good at that. I think this is one of those times when you can see that a woman changes everything in man's life. Since Lilian came everything just I dunno....

Anonymous said...

Chikito shut up bitch.....what has Lilian got to do with his business and his character? Loud mouthed miserable bitches like u always putting their fellow women down.....u don't know their story so stop insinuating...

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