Recall, Bad Boy Timz was arrested in Abuja for allegedly defrauding his record label and some show organizers. You would also recall, how he appreciated Davido for facilitating his release 2 days ago.
On Instagram, Bad Boy Timz took posted to announce that he has left his record label and he has filed an N200 million lawsuit for defamation of character. According to the documents released by his solicitor, Segun Ojo & Co, Bad Boy Timz’s contract with his record label has expired and his departure is purely contractual and civil.
He further disclosed that the management at first demanded N160 million as payments for expenses and returns of Bad Boy Timz’ s contract. Bad Boy Timz rejected the claim and did a revaluation of the amount they spent on him. With the help of his father, Bad Boy Timz came up with a total of N14 million as expenses and returns that the label is entitled to.
However, the record label rejected the amount and forced Bad boy Timz to top the previous amount he quoted to them. Bad Boy Timz also demanded the Label record get an external auditor to revaluate the company’s entitled expenses and returns.
The external auditor demanded the sum of #2 million as his fee for the revaluation and the parties involved agreed to spilt the fee 50-50. The record label failed to get back to Bad Boy Timz in regards to the external auditor findings but went ahead to pay the Police to unlawfully arrest Bad Boy Timz in Abuja. They also made a video of the arrest to embarrass and disgrace Bad Boy Timz on social media.
According to a man identified as Mr. Temple Egenasi, he confessed that he was tipped to make and post the video of Bad Boy Timz’s arrest. Though Mr. Temple has apologized to Bad Boy Timz, BadBoy Timz’s solicitor is suing Anonymous music for defamation of Bad boy Timz’s character.