I Owe Less Than ₦30 Million!” – Ubi Franklin Breaks Silence Amid Davido’s Wife’s Alleged Sack

Nigerian music executive, Ubi Franklin, has addressed allegations of exploiting young artists and unresolved debts within the industry.

Recently, singer Spyro accused Ubi of using Afrobeats star Davido’s name to defraud him.

In a viral video, Ubi admitted to owing some individuals but clarified that his total debt does not exceed ₦30 million, while his own business associates owe him nearly ₦782 million.

He emphasized that business transactions can be unpredictable and stated that he is not seeking sympathy but rather focused on making profits.

His statement comes amid reports that Davido’s wife, Chioma Adeleke, has allegedly dismissed him as her manager.

According to journalist Stella Dimoko Korkus, Chioma reportedly let Ubi go due to mounting social media allegations about his debts, which she found embarrassing.

Korkus also noted that Davido, Chioma, and the 30BG crew noticeably ignored Ubi Franklin’s birthday on social media, breaking a long-standing tradition.