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Runtown Sued By Eric Many Records Over Breach of Contract

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Runtown has been sued for breach of contract by his label, Eric Many. This is the second time in 2 years that an injunction at a Federal High court, would be filed against the singer.
According to a mail sent by Eric Many to BellaNaija, the entertainment company served Runtown the court papers with Suit No: FHC/L/CS/267/2018 a few days back with a statement that partly reads:

Runtown has been deliberately breaching his contract with us (Eric Many) for a while and despite our many appeals to him he has refused to bulge. He went for a show in Las Vegas since January 13th, 2018 and has since decided to withdraw all obligations of his contract. He has steadily been recording an album without the consent and approval of his record label.

According to the statement of claim filed at the Federal High Court by Eric Many:

A Recording Agreement was made between the Plaintiff and the Defendant dated 22nd June 2016, the copyright and other intellectual property and cognate rights and legal positions and protections applicable to all works done by the Defendant during an initial period of two years covered by the Agreement, is vested in the Plaintiff. The Plaintiff will rely on a copy of the said Recording Agreement at trial. 7. Under the Agreement, parties recognize and acknowledge the sum of N114,456,670.00 (One Hundred and Fourteen Million, Four Hundredand Fifty Six Thousand,Six Hundred and Seventy Naira) as “Prior Investment”, representing the sum invested by the Plaintiff into the development of the Defendant’s musical works and records under the defunct ‘Artiste Agreement’, precursor to the ‘Recording Agreement”.

In a press statement issued Monday morning, the label also stated that:

“He’s recording with artists like Del B without the written approval of the label and without an Eric Many appointee at the point of recording as agreed in our contract. Runtown has also been appearing in venues and collecting appearance fees without the approval of the label and also performing in private shows without the label’s consent which contravenes clause 4.4.1 of his record deal which states that ‘the Defendant(Runtown) can only engage in recording, collaborating or performing with other artistes for third parties or other record companies upon proper notification in advance to the Plaintiff. Upon this notification, the Plaintiff would then enter into an agreement with the collaborating artiste or his record company to ensure that the Plaintiff and the Defendant receive proper credit, legal/copyright protection and compensation for the collaborative work.”

Though Runtown’s record deal with Eric Many is due to expire at some point this year, the label says he still owes the company a lot of money including:

“Hundreds of millions in Naira from the Lamborghini Gallardo super-fast car which he still has to pay back to the label and and also an album that must be released through the right channels. He has been doing numerous collaborations with several artists without getting the written approval of the label and as a result, no royalties have come back to the label from any of these collaborations. He has been warned severally about this on numerous occasions but he refused to listen, so we as the label had to go to court to stop him from these dubious actions.”

The label also confirms sacking his current manager, Ifeanyi Nwunne saying:

“Eric Many has also fired Ifeanyi Nwunne as Runtown’s manager. He is more of a drug addict that smokes marijuana round the clock. A new manager will be appointed soonest.”

Eric Many in its statement of claim is seeking the sum of:

“N65 MILLION being General Damages against the Defendant (Runtown) in favour of the Plaintiff for infringement of the Plaintiff’s copyright to the collaborative musical works “Call Me” and “Weekend” both of which featured the Defendant as well as N5 MILLION as costs of this action.

Eric Many has chosen to hold back on anything pertaining to Runtown, till further investigations. This means that anyone who engages Runtown without a written approval from Eric Many, signed by the chairman, will be sued heavily.”

This will be the second time in two years that Runtown has had a face off with his label. In May 2016, he was sued by Eric Many on allegations that he signs up, concludes and attends musical shows without the knowledge of the label. Back then, Eric Many also secured a court injunction stopping Runtown from performing as an artiste anywhere in the world. He later went back to the label to apologize and the case was settled out of court.

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Bravo – Found

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Bravo - Found

Bravo – Found

Music Lab Group (MLG) is proud to present one of their Sensational Pop singer , Bravo has he fully marks his grand entry into the Nigerian music scene. After he released his 1st single under Music Lab Group. Titled “YOLO”which is still blazing up, as you already know he does not give tasteless jams. Bravo is back with another Club Hit Banger Titled “FOUND” produced by  Kitoko
 
 
‘FOUND’ is a contemporary Afro-Pop club joint.  The jam is DOPE believe me!! 
Hit that play button and tell me what you think
 
Download and enjoy!
 
 

DOWNLOAD AUDIO HERE

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#EndSars : ‘Nigeria is becoming a nightmare’ – Singer Runtown says

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Nigerian Singer, Runtown has taken to his twitter page to react to the prevalent killings and kidnappings that have been recorded across the country in the last few weeks.

Runtown Gidibase

Pondering on the number of protests to engage in before the issue of SARS officers killing innocent citizens is addressed, the singer lashed out at Nigerian authorities over report of a cleaner allegedly killed by a SARS officer.

He tweeted;

How many more tweets do we have to put out? How many more hashtags do we have to push? How many more protests? How many more lives do we have to lose before something is done about SARS? This is not the Nigeria of our dreams. Our country is turning into a nightmare.

What exactly is going on? How is it that after the several outcries and well documented incidences we are yet to curb this menace? The people are being pushed the wall. People cannot continue to lose their loved ones like this. This has to stop! This just has to STOP! #EndSARS

Tut 1
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How Nigeria, Africa can compete with the American-Chinese duopoly

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Africa, with a landmass of about 30.3Million kmand population of over 1.3Billion people is the world’s second largest and second most populous continent, occupying 6% of the earth and yet it contributes just around 6% to the world economy.

In the latest Global Competitiveness Index (GCI) – a report compiled by the World Economic Forum – African countries make up 17 of the bottom 20 nations, which is frankly a sad commentary on the black continent.

According to the CIA’s World Fact book, the world’s Gross World Product (GWP) was around $107.5 trillion in Purchasing Power Parity (PPP) and Africa with just over $6.4 trillion contributes just around 6% to this global pool. How then does a continent once projected to be the next “Economic Engine” of the world actually compete?

In a global economy dominated by Chinese & Americans and closed followed by the Europeans and the emerging economies of Brazil, Russia, India, & South Africa, how really can Africa compete?

Between 2000 and 2016, Africa experienced strong economic growth rates (averaging about 4.6% annually), higher than Latin America and the Caribbean rate (2.8%) yet lower than developing Asia (7.2%).

These growths resulted from high commodity prices, improved macroeconomic management and strategies to diversify growth.

Despite this growth and however small it was, Africa would benefit even further from improving its economic growth patterns as the critically of the current times and the needs of her people increases.

Interestingly though and against popular opinion, Agriculture does not appear to be the primary way to make this happen, and happen fast.

It is no secret that Technology has pushed the world many years into the future. The Industrial Revolution changed a lot but the current technological revolution is changing everything from the way we live, eat, pay for things, have kids, get education down to the way we make friends, partners and how and when we associate with these people – virtually everything.

Indeed, at the moment, there are about 7.8Billon people on earth, and of this, about 2.7Billion are on Facebook alone, while about 2.1 Billion daily interact with the platform, which is perhaps the largest single convergence of humanity every day. This reality inadvertently means that over 30% of the world are actively interacting on a single platform every day. Imagine the economic possibilities embedded in this data.

It is thus undoubted that if Africa wants to compete, it must look ahead and try to discern what the future of tech would be or rather is becoming. Africa and indeed Nigerians must explore all the emerging technologies possible and see about engaging them for scale.

In 2016, I attended GiTEX in Dubai, the third largest technology conference in the world which converges every October. At the conference, there were clear articulations about the future of technology and why everyone should be preparing for the tomorrow that had arrived today. 5 major branch were the outlook for technology’s future. They were Artificial Intelligence/Data Science, Virtual Reality (VR)/Augmented Reality (VR), Blockchain Technologies, Robotics and of course, Platforms.

After the conference, myself and fellow attendees reviewed the submission and arrived at some interesting conclusions as we had to contextualise technology within the limitations and realities of our continent.

Indeed, it is necessary to submit here that the African continent does not have the infrastructure or the technological wherewithal to constitute an affront on most of the aforementioned tech directions. With respect to Robotics for instance, Africa still lags incredibly in manufacturing engineering which is a critical requirement for Robotics production.

The plants, people, power and infrastructure required to pull this off is largely unavailable or epileptic in most cases, which is a major constraining factor against adoption or fully exploring this technology at this point. Also, with AI and Data Science, the technology is such an emerging field that Africa isn’t even a consideration for some of the tests and data assumptions currently being paraded around the world at the moment. Same sentiments apply to VR/AR and Block chains which isn’t yet as widely accepted, mastered and deployed across the continent as they have been across the oceans to the left (Atlantic) and to the right (Pacific).

However, when you consider the patterns behind emerging platforms around the world and you look at the level of staying power Africa has on these platforms, you begin to see a trend – perhaps platforms can be Africa’s big break! A lot is happening on the continent currently. Infact, in Nigeria, some of the most reputable technologies to have emerged out of Africa are of Nigerian origins and they are mostly platform. Jumia – the e-Commerce platform, which was recently listed on the New York stock exchange is Africa’s first Unicorn. Quickteller, the Mobile payment platform from Interswitch, Remita the Payment platform from SystemSpecs, Paystack, PayAttitide, Flutterwave, Monnify and other leading indigenous technologies across the continent and in Nigeria are mainly platforms.

Indeed, African start-ups are beginning to make the right noises and consequently have started attracting global prying eyes – most of which have been so fascinated that they almost immediately become angel investors.

Nigerian FinTech start-ups alone attracted around $1Billion in 2018, a fund raiser milestone for the continent. As America and the Chinese continue to lead with the development and deployment of leading platforms globally, with Google, Uber, Facebook and Amazon the leading platforms from America while Alibaba, WeChat, Weibo, Tencent  QQ as leading platforms from China, Nigeria and Africa does not seem to be lagging on that front unlike other leading innovative technologies where we do not seem to have the vital skills, competence and infrastructure to support and deploy them at scale.

The question therefore is, what should Africa do to amplify this positive trajectory and sustain its growth? Build & continuous Build!!!

Africans and Nigerians in particular should build platforms that solve real, localized problems. Indeed, we should start exploring technology to solve real life problems and challenges plaguing our society. Challenges like Security, Waste Management, Financial Inclusion, Access to qualitative and affordable Healthcare, poor Transport and traffic management, Food processing and storage, Access to qualitative and affordable Education and many others.

To kick-start this revolution and scale its execution, the most important steps that should be looked at by every African government as well as multinational corporation should be to encourage Tech education. We need to encourage technology education starting from Basic (Primary) school to High (Secondary) School and tertiary levels across the continent. This will encourage more interest and will grow competence across all strata.

The next is a ramping up of Business Education and building of Partnerships(both intra partnerships within the continents and extra partnerships with other global giants) outside their shores. Mentorship programs should be put in place for young techies to access leading minds and coaches at little to zero cost for these young minds to encourage their incubation and interests.

Lastly, local investment and funding should be a priority for all Africans. The continent has over 20 known Billionaires (US$) and over 140,000 millionaires (US$), so local funding would ensure that Africans are key players in the coming continental resurgence. Currently, there is a lot of investment in yesterday’s assets across the continents. Real estate, Oil fields, trade and commerce and even depreciable assets like cars and accessories are still the leading assets of many of our rich Nigerians.

A trip to Banana Island in Ikoyi still reveals an assortment of un-occupied palatial houses, which is the same reality in Asokoro, Wuse 2 and Maitama in Abuja where Nigerian Billionaire are still hell bent on investing in a peaked real estate Market.

In Nigeria today, an Import License or Oil prospecting license is still considered the crème of local investment opportunities at the detriment of an abundance of revolutionary technologies emerging from the continent. It is a well-known but sad reality that more than 80% of Start-Up finance is currently foreign thereby exposing our enterprise and economy to foreign interest.

Whatever happens now and into the future, it should be known that a new Africa is coming – one that will be a force to reckon with.

Therefore, entrepreneurs across the continent should start exploring technology that can give us a competitive advantage and get us at the table. We all don’t necessarily need to know how to code.

Whatever skillset you may be blessed with, explore partnership with technically skilled people to deliver the next Remita or Google from Africa. For certainly, a day is coming, when the tale of the hunt will no longer be told by the hunter, but also by the lions, and when such a day arrives, we will behold a new continent arisen from the ashes of colonialism, militarisms, diluted democracy and costly wars that have stolen its boon and brightest.

When that day truly comes, a technovated Africa will emerge. One that will never again be ignored.

Lanre Basamta

Tech Marketing Expert & Strategist

Shared at the recently convened TEDx Ikeja 2019

@Basamta

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