For a while now, D'Banj and his management team have been planning to sign in rapper Olamide to the his label, however, Olamide turned down the Koko master's offer, preffering to roll alone for now.
Olamide, who does not want to play the fool at this phase of his career, politely told D'Banj that he was not ready to surrender some of his powers, especially having to be booked for shows only by D'Banj's management outfit, pleaded for time to even think about the offer as he still wants to work with his present team and taking things as they come for now.
He believes that for now, there is nothing D'BANJ could do for him that he can't do by himself.
In the future, I will consider his offer. If anybody wants me, he should have unfettered access to me. I am just starting out in the profession', heallegedly told close friends.
"Apparently, he would have been blocked from having direct access to his clients and that will reduce his share from his appearance fees. He does not like the bottle necks and some terms that will make it difficult for him to be reached all because D'Banj wants his value to rise. That may happen, but what eventually gets to Olamide will be peanuts", A source disclosed toTribune when asked why the deal was botched.
He added that the success that Olamide is enjoying now informed his decision to opt out of the deal because there is nothing, apart from management offer, that he stands to benefit from.
"Olamide can be easily reached by anybody and his fees are still okay. The moment he signs the deal, he will be getting fewer shows, though huge fees, but will lose many of his grassroot fans to the elitist crowd D'Banj belongs" he added.
Since D'Banj couldn't have the "Ode Lon Like" crooner, he has reportedly reached out to Durella.
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