Anonymous Music, the record label footing the bills of Headies award-winning Nigerian singer, Bad Boy Timz has issued an official statement on the arrest of the musician signed onto its stable.
Recall that Bad Boy Timz had taken to social media to deny that he was arrested by men of the Nigeria Police Force in Abuja over his alleged involvement in fraudulent activities.
The denial came after a viral video of the singer in handcuffs recently surfaced on social media and many of his fans have been asking questions about the safety of their beloved star.
A statement on Sunday by the record label said:
“The management of Anonymous Music is aware of the reports that an artiste 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 artiste 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 authorisation 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 artiste has received national accolades and nods from local and international stakeholders in the entertainment industry. We therefore 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 and accruing to the label for their personal use.
“The label has reported its suspicions to law enforcement authorities; out of respect for the law and for 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 prevails.
“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,” the statement added in part.