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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.

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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

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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.

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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

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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.

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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.

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“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.

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“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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Peter Obi’s Son, Oseloka, Speaks On Gay Allegations

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Oseloka Obi, son of the 2023 Labour Party presidential candidate Peter Obi, has responded to viral allegations linking him to homosexuality after photographs of him with London-based British-Nigerian Kent Okwesa, circulated online this week.

The pictures, which emerged on Wednesday, showed Oseloka and Okwesa sitting closely at a restaurant in the United Kingdom, sparking a wave of online speculation and gossip.

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In a detailed statement, Oseloka dismissed the rumours as malicious falsehoods driven by his father’s involvement in Nigerian politics.

He noted that while he rarely responds to such narratives, the persistence of gossip and unfounded claims made it necessary to address the matter.

READ ALSO:Jonathan, Obi Can’t Match APC’s Strength For 2027 – Mustapha Salihu

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Because of my father’s involvement in Nigerian politics, there has been a persistent curiosity and, at times, malicious obsession with me.

“I have no social media presence and no interest in maintaining one, so I rarely correct these falsehoods. But perhaps it is time I address them,” he wrote.

Oseloka stressed that the photos of him in circulation were being misrepresented, insisting they were ordinary snapshots with friends and colleagues.

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The truth is simple: Peter Obi’s son appears in photos with his friends and colleagues, nothing more. If people wish to invent otherwise, I hope they sleep soundly knowing they are spreading lies,” he added.

READ ALSO:Ex-Chadian PM Masra Jailed For Hate Speech, Xenophobia

He further emphasised that neither he nor his father is perfect, but attested to his father’s integrity and commitment to Nigeria’s future.

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My father has my vote, not because he is my father, but because he is the right man for the job. If others wish to go low, invent scandals, or attack me to wound him, they are free to do so. But we will go high, and we will continue to focus on the future of Nigeria.”

Concluding, Oseloka urged Nigerians to redirect their attention from idle gossip to the pressing socio-economic challenges facing the country.

Read the full statement below:

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FULL LIST: PenCom Bars Seven Mortgage Banks From Processing Housing Loans

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The National Pension Commission (PenCom) has barred seven Primary Mortgage Banks (PMBs) from processing applications under the pension-backed equity contribution scheme for residential mortgages, citing their non-compliance with housing loan guidelines.

In a letter published on PenCom’s website, addressed to Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), the organisation instructed them to immediately stop accepting or processing equity contribution applications submitted through the affected institutions.

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The blacklisted mortgage banks are:

READ ALSO:Varsity Bars Edo IDPs From Exams Over Non-payment Of Fees

• Jigawa Savings & Loans Limited

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• FHA Mortgage Bank Limited

• Delta Trust Mortgage Bank Limited

• AG Mortgage Bank Limited

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• Infinity Trust Mortgage Bank Pic

• First Trust Mortgage Bank Limited

• Mutual Alliance Mortgage Bank Limited

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Following the cited letter, the commission instructs that PFAs, including Closed Pension Fund Administrators and Pension Fund Custodians, immediately stop accepting or processing equity contribution applications submitted by the following Primary Mortgage Banks… Please be guided,” the circular read in part.

READ ALSO:Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US

Explaining the decision, PenCom’s spokesman, Ibrahim Buwai, told The PUNCH that the sanction was imposed because the affected institutions failed to generate the mortgages for which funds had been approved.

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The whole purpose of giving access to RSA holders is to enable them to own houses through mortgages,” he said. “It was discovered that some of the primary mortgage institutions were not generating mortgages. If that is the case, it means they are not complying with the regulations. That is the reason for their blacklisting.”

PenCom introduced the equity contribution for residential mortgages in September 2022, allowing Retirement Savings Account (RSA) holders to withdraw up to 25 per cent of their balances to fund equity contributions for home ownership.

According to the commission, 24,582 RSA holders had accessed the scheme as of the first quarter of 2025, with disbursements totalling ₦149.84bn.

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RSA holders who submitted applications through the barred mortgage banks are now advised to reapply with other eligible PMBs. Those who have made upfront payments were urged to contact the affected institutions for the next line of action.

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VIDEO: How ‘Close Friend’ Leaked Cat Secret To Security During My House Invasion — Sunday Igboho

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Yoruba Nation agitator, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has opened up again on the July 1, 2021 midnight invasion of his Ibadan residence by security operatives, including the Department of State Services (DSS).

Speaking during a visit to the Olowo of Owo, Oba Ajibade Gbadegesin Ogunoye III, at his palace in Ondo State, Igboho alleged that the attack was carried out with the intent to take his life.

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When my house was invaded, they wanted to kill me but failed. Some said my intestines were shattered, others said my leg was broken, but there was nothing of such. They fired guns at me very well, but the prayers of you my fathers on me were answered.”

According to him, the DSS operatives forcefully gained entrance into his residence and pointed a gun at his Personal Assistant so he could lead them to his room.

READ ALSO:

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Death of cat after friend’s betrayal

While recalling the invasion, Igboho said one of his trusted friends betrayed him by leaking sensitive information about his cat to the operatives.

He disclosed that the so-called ‘trusted’ friend had told the agents not to let the cat escape, which led to the security operatives killing the animal.

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When I opened the door of my room for them, they saw my cat on the bed. One of my friends that I entrusted with secret had told them not to let the cat go. So they killed the cat and wrapped it with clothes like a corpse. They destroyed everywhere in the house and killed one of my brothers alongside one other person and they left,” he narrated.

Appeal to the Olowo

Speaking at the palace of the Olowo, Igboho said his absence from the country had lasted about five years and that he was eager to return to contribute to tackling insecurity in the South-West.

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READ ALSO:JUST IN: Sunday Igboho Returns To Nigeria

“But why I came to meet you Kabiesi is that till when will I be doing that. Nigeria is my motherland. This is about five years since I’ve been chased from here. Tinubu is your son, you can convince him to free me. If not for the wanted tag on me, I would have come to Nigeria to face the insecurity facing the South-West region. I would have entered the bush and faced them,” Igboho pleaded with the monarch.

Monarch’s response
In his response, Oba Ogunoye described Igboho as a beacon of hope for his generation and future ones, urging him not to be discouraged by the challenges he has faced.

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The monarch enjoined Igboho and his supporters to remain law-abiding amid ongoing challenges.

He assured him of continued support and called for peace and cooperation across South-West communities, noting that no region can achieve sustainable development without security.
(TRIBUNE)

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