EeZee Conceptz Responds to Mercy Chinwo’s Fraud Allegations

Gospel music label EeZee Conceptz has responded to allegations of fraud and a contractual dispute involving its CEO, Ezekiel Onyedikachukwu (EeZee Tee), and gospel singer Mercy Chinwo. The allegations include claims of misappropriating $345,000 in royalties and breaching trust in managing funds. In an official statement, EeZee Conceptz denied the accusations, stating that Mercy Chinwo had earned over $625,000 under their 50/50 gross revenue-sharing agreement. The label added, “The agreement has been honoured transparently, and all financial obligations to the artist have been fulfilled promptly.” The label alleged that the dispute arose from Mercy Chinwo’s failure to fulfil her contractual obligations, including delivering a third studio album and withholding funds from events and royalties due to the label. Despite this, EeZee Conceptz claimed it made several attempts to resolve the matter amicably, which were ignored. The label emphasised its sole financial investment in Mercy Chinwo’s career, including the production, promotion, and distribution of her music. “All funds, assets, and intellectual property tied to her music remain the property of EeZee Conceptz as per the contract,” the statement read. In response to the allegations, the label called for transparency. “We invite the artist to publicly share her bank statements and production records before and during her time with EeZee Conceptz to verify the significant financial investment made in her career,” he said. Kindly share your thoughts in the comments below SUBSCRIBE to enjoy more entertaining HOT gists!!! #esplashontvc #tvcentertainment #tvcnews #music #entertainment #mercychinwo #eezeeconcept #naijaentertainmentnews #naijanews #musicindustry #muscial #burnaboy #cubanachiefpriest #burna #entertainmentgossips #entertainingvideos #entertainmentvideo #portable #skepta #tonymontana #musicvideo #musicvideos #musicvibes #nigeriancelebs #nollywoodgist #afrobeatmusic #africanentertainment #nigerianmusicindustry #naijamovieindustry #naijacelebrities #naijaentertainmenttv #nigerianentertainmentindustry #naijashowbiz #movie #moviewreview #moviescenes #movieclips #moviescene #blockbuster #filmindustry #film #movierecap