The CEO of one of the most popular record label in the country, TripleMG has announced that he has sold part of his company to Paul Okoye of Upfront Bookings
Ubi Franklin in a brief chat with Cable Lifestyle confirmed that he indeed sold 50% shares of singer Iyanya’s shares in Triple MG to Paul Okoye.
This statement was made to clear the air after Tekno, an artiste under the label, took to Instagram to reveal that the CEO Upfront & Personal, now “owns 50% of his label (MMMG)”.
Ubi revealed that he bought Iyanya’s shares in the company after he exited the label in August 2016, before finally selling to Paul O.
In his words:
“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.”
Ubi Franklin, also added that a press conference will soon be arranged to discuss the recent developments in the company, like Tekno's upcoming album