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N2.3bn Suit: Davido Settles With Pinnick

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Nigerian music sensation, David Adeleke, popularly known as Davido, has reached an agreement to settle the breach of contract lawsuit filed against him by the Amaju Pinnick-led Brownhill Investment Company Limited out of court.

In October 2023, Pinnick, a former president of the Nigeria Football Federation, called out Davido for not fulfilling his performance obligations at an event despite receiving $94,600.

Brownhill Investments Company Limited filed a suit marked EHC/183/2023 before the Delta State High Court in Effurun. The firm initiated legal action against Davido, seeking N2.3bn.

Davido faced allegations of breaching a contract when he did not fulfil his performance obligations at the 19th edition of the ‘Warri Again’ concert, even though he had been paid the requested fees.

READ ALSO: Davido Did Not Show Up For Our Event Despite Being Paid N72m, Ex-NFF President, Pinnick Alleges

The claimant requested that the court grant a sum of N150m for legal and professional fees, along with an additional N30m for the cost of filing the suit against Davido.

Pinnick also mentioned that a chartered plane was organised to transport the singer to Warri, resulting in an additional expenses of $18,000.

But The Cable reported that the two parties reached a mutual agreement to resolve the issue outside of the courtroom.

The High Court in Delta subsequently approved their request on Thursday.

As part of the agreement reached, Davido has also agreed to pay the claimant N30 million within seven days of finalising the settlement.

READ ALSO: Davido Replies Pinnick Over ‘No Show’ Allegation

This payment will serve as a partial contribution towards the claimant’s outstanding legal fees.

As part of a resolution reached outside of court, the defendant has agreed to make a live performance at the upcoming ‘Warri Again’ concert on October 4, 2024.

It was also decided that the $94,500, which the claimant had already paid to the defendants, would be considered as payment for the event’s performance.

As reported by The Cable, the parties also agreed as follows, “The parties have resolved the miscommunication issues that occasioned this dispute and the 1st defendant shall immediately post on his social media platforms including X, Instagram, Facebook, Snap Chat, etc. the following statement:

READ ALSO: Pinnick Sues Davido, Demands N2.3b Over Alleged Breach Of Contract

“All issues regarding ‘Warri Again 2023 Concert’ have been settled between Mr. Amaju Pinnick and myself, and I am happy to announce that I shall be performing live at the ‘Warri Again 2024 Concert’ on 4th October, 2024 in Warri, Delta State.

“The defendants shall, within seven days of execution of these Terms of Settlement, pay the sum of N30,000,000 to the claimant, being a part contribution to the Claimant’s outstanding legal fees in this suit.

“The defendants shall, in view of these terms of settlement, withdraw the appeal filed against the ruling of this honourable court dated 16th January, 2024.

“The claimant shall provide a private jet to convey the defendants, as well as provide accommodation and other logistics for the defendants’ performance at the ‘Warri Again’ concert slated to be held on 04 October 2024.

“These terms of settlement shall be binding on the parties to this suit, their agents, privies, successors in title, or any person or entity howsoever described acting at the behest or authority of any of the parties to this suit, upon adoption of same.

“The parties have agreed that these terms of settlement shall be binding and shall have immediate effect from the date of execution and shall be adopted by the parties’ respective counsel when the matter comes up in court.”

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Lagos, Ondo, Taraba Top In Highest Okada Fares In March – NBS

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A recent National Bureau of Statistics report shows Lagos, Ondo, and Taraba recorded the highest Okada (motorcycle) fares in March.

The data indicates substantial differences in transportation costs across various Nigerian states.

In March 2024, the average fare for Okada rides per trip in Nigeria rose by 2.15% compared to the same period last year, with fares reaching N472.16, up from N462.21 in March 2023.

This was contained in the most recent National Bureau of Statistics Transport Fare Watch report for March 2024, published on the agency’s website.

READ ALSO: Ondo 2024: lT Expert Emerges As SDP Candidate

However, fares in Lagos, Ondo, and Taraba states were notably above the national average for March 2024.

Lagos had the highest Okada fare at N850 per trip, with Ondo following at N725 and Taraba at N670, illustrating significant differences in transportation costs across regions.

Imo and Yobe states, with average Okada fares of N655 and N630 respectively for March 2024, ranked fourth and fifth among Nigerian states for the highest motorcycle journey costs per trip.

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Trouble Looms As OAU Students Threaten Shut Down With FG Over Fuel Crisis

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The students’ Union of Obafemi Awolowo University said on Sunday, said the challenges faced by students due to the sudden surge in the pump price of Premium Motor Spirit and the scarcity of the product have reached unprecedented levels.

The President of the union, Abbas Ojo, in a statement released on the campus in Ile-Ife, Osun State, and sent to The PUNCH, urged the Federal Government to immediately address the issues.

The union threatened to hit the streets in protest if the situation persisted.

Since the weekend, queues have surfaced across some filling stations in Ogun and Lagos states as some stations also remained shut.

The PMS also known as petrol has been selling between N700 and N800 at some filling stations. Some persons claim to buy the fuel at prices higher than N800 in Lagos and Ogun with the situation causing a hike in transport fares.

READ ALSO: Residents Displaced As Rainstorms Wreck Havoc In Edo Community

The Nigerian National Petroleum Company Limited had said some supply issues were responsible for the queues, urging customers to exercise patience.

A resident, Tomisin Bakare, who said he bought PMS from a filling station around the Lagos State University-Igando axis stated that he was shocked when the attendant said fuel was N700 per litre.

This is after I had already spent over 50 minutes in the queue,” he added.

According to the students’s union president, the situation is not different in Osun, particularly around the campus environs where he noted bus drivers had increased fares.

“We, as students, can no longer endure the burden imposed by the government’s economic policies,” Ojo said.

READ ALSO: 86-year-old Injured As Fire Guts Building In Kwara

Last year, when the decision to remove fuel subsidy became public knowledge, many, including students, harboured doubts about its impact on the nation’s economy. Even those who supported the removal of subsidies were skeptical, given the absence of concrete plans to alleviate the ensuing challenges,” he added.

President Bola Tinubu on May 29, 2023, during his swearing-in, announced the removal of fuel subsidy. Since then, Nigerians have been grappling with harsh economic realities coupled with the depreciation of the naira against the dollar.

“From soaring electricity tariffs to the skyrocketing cost of living, the adverse effects of the government’s capitalist policies have spared no one.

“Despite these challenges, students persist in their pursuit of education and academic endeavours. However, recent events such as fuel shortages and fluctuating prices have left students stranded both on campus and outside campus,” Ojo stressed, noting the students had been pushed to limits.

The union demanded immediate action from the FG to address the fuel scarcity, curb suspected hoarding of fuel, and regulate prices.

“We also demand that the government should revive the country’s refineries. The government must not test our will by not addressing these demands within the next 48 hours. Failure to do so, we shall hit the streets till the government addresses the fuel crisis which constitutes a threat to our academic pursuit,” the statement added.

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JUST IN: Popular Gospel Singer Is Dead

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Popular Gospel singer Morenikeji Adeleke, also known as Egbin Orun, is dead.

Her colleague Esther Igbekele, confirmed the death in an Instagram post on Sunday.

The gospel singer expressed shock and sadness, sayin Egbin Orun departed suddenly without bidding farewell.

According to her, the two had recently spoken, unaware of the impending tragedy.

READ ALSO: How God Saved Me From Firing Squad – Gospel Artiste, Buchi

Igbekele praised Egbin Orun’s beauty, kindness, and strong support for her ministry.

She wrote, “I got home from my program to hear about this great loss.. Prophetess Morenikeji Egbin Orun you left without saying goodbye..

“We spoke together last week not knowing you are about to embark on a journey to the great beyond.. You are such a beautiful and kind hearted woman and a very good supporter of my ministry.

READ ALSO: Outrage As Kingsmen Flogged Anambra Man To Death [VIDEO]

“I am deeply saddened with your demise but God knows best. You will be greatly missed and your good deeds will continue to linger in our hearts.

“Ah Egbin Orun. Good night! Keep resting in the bosom of Christ.. Ah Gone too soon..Yeeee.”

The cause of her death remains undisclosed and no official statement has been issued.

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