Mr Real: Why I declined Davido's offer to fund 'Legbegbe' video
Okafor Victor, the rapper better known as Mr Real, has accused D’banj of not being able to pay for a N20 million ambassadorial deal he had negotiated.
Mr Real recently took to his Instagram page to react to a recent interview D’banj gave.
In the footage, Mr Real alleged that D’banj’s digital platform the Creative, Reality, Entertainment, Arts and Music (CREAM) platform, could not afford a N20 million ambassadorial deal with him.
The rapper claimed that despite entering negotiations and even offering a discount, the deal ultimately fell through because the platform could not meet the financial terms.
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Mr Real’s criticism was directly linked to a specific claim he attributed to D’banj.
“I heard one brother said his company is worth $3 billion. All these egbon are doing packaging. Do not use packaging to kill us. The company that cannot afford to pay its ambassador N20 million. He was begging for a discount, and we still gave him one. But he still could not pay,” he said.
“This is not 2018, 2019 or 2020. This is 2025. All those packaging will not fool us again. It depends on the cream, though. Maybe it’s ice cream or body cream. What exactly is the company doing? Bro, do you even know what three billion is? What exactly are they doing in your company?”
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However, a review of D’banj’s interview reveals a different context for the $3 billion figure.
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The ‘Koko Master’ was not valuing his own company, but was instead referencing a major partnership with the African Export-Import Bank (Afreximbank).
During the conversation, D’banj explained that through his discussions with Afreximbank, he learned the financial institution has earmarked a massive $3 billion war chest specifically for the Nigerian creative industry.
He broke down the allocation, stating, “… there is $3 billion for the creative sector. $1 billion for fashion and $2 billion for music and film”.
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