Sunday, July 12, 2020

How Ubi Franklin sold Iyanya’s shares to Paul Okoye after they seperated

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ubi-and-iyanya




When news broke that Iyanya has left Made Men Music Group (MMMG), the label he founded with his friend and business partner Ubi Franklin for Mavin records, most were alarmed.

Alarmed because some felt it made more sense for him to remain at MMMG since he owned a high stake in the company this meant more financial gains for him. However it seems Iyanya chose to cut all business ties with Ubi.

This came to the light recently when Tekno revealed that popular music executive and CEO of Upfront and Personal Paul Okoye bought 50% of MMMG. Confirming the story to The Cable News, Ubi said he has indeed sold Iyanya’s shares to Paul.

Here’s proof that Iyanya and Ubi Franklin are no longer business partners

paul-okoye

Paul Okoye, the music executive who bought Iyanya’s shares at MMMG from Ubi Franklin

“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,” he added.

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