Looks like Raoul John Njeng-Njeng known majorly as Skales will have to produce about N5bn to free himself of the 5-year contract he signed with Baseline Music.
According to the new details revealed in the N13m fraud petition
filed by Baseline Music against the singer and his manager, Osagie
Osarenkhoe, the terms and conditions of Skales’ recording contract are
pretty stringent with binding clauses that make it a very long walk to
freedom for the “Je ko mo” crooner.
One of such clauses states that “The artiste may terminate this
agreement prior to the expiration of the contract period by paying the
company the sum of ten million pounds sterling.”
The present day Naira value of 10 million pounds sterling equals N5bn.
The company is also entitled to 70% of all earnings received by
Skales from tours, albums, endorsements, during the period of the
contract and also owns all rights including copyrights to every
recording made by Skales prior to and during the validity of the
contract.
According to NET, sources confirmed Skales’ contract to be worth a
whooping N200m and though the record label’s former manager, Howie T did
not give details then, he confirmed it to be about the biggest deal to
be inked by a recording artiste in Nigeria.
“I cannot give you any specific figure because we don’t want
other artistes to start running to us”, Howie T said at the time,
“However what I can tell you is that the deal is worth hundreds of
millions. It includes his new car, new house and total lifestyle
package. We are changing his whole lifestyle. We don’t want to create
any form of distraction by revealing any figures, but trust me it’s a
huge deal, it’s about the biggest deal in the industry at the moment”.
N5bn? but the multi million dollar question remains: Where on planet earth will he get N5b?
Watch I WANT YOU by Skales
