Words reaching us can authoritatively reveal that D’Banj is
no longer part of the owners of Koko Lounge.
Koko Lounge was co-owned by 3 people, D’banj was one of the
trio. The reasons for the break out of D’Banj was said to be because he felt he
wasn’t making enough profit from the bar.
Our source revealed that one of the owners of Koko
Lounge is based abroad and is not usually around to manage and do his
duties for the business but instead is only interested in the profit available
anytime he’s present in the country which didn’t go down well with the other
owners as profit depreciated with time.
“Dilution of the Mo’Hits Crew” was part of the agreement as
at the time when the bar was launched. The bar takes responsibility of
supplying the defunct Mo’Hits crew drinks. This also affect profit maximazation.
The third owner porpularly called “Baba” has since
bought the full ownership of the Bar & Lounge which is located at the third
floor of E-Center in Yaba, Lagos. The bar is now known or has been re-branded
in name Amalga-Nation.
Credit: 36NG
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