Popular show promoter, PaulO, whose real name is Paul Okoye has now responded to claims made by Nigerian singer Spyro about not earning any money during his time under his record label.
In a recent interview, Spyro alleged that despite being signed to PaulO’s record label for two years, he did not make a single naira. He mentioned that while his former boss owned luxurious cars, including three Rolls Royce, he was left financially stranded, often borrowing money from the record label owner to meet his needs.
Spyro described PaulO as kind and generous but criticized his ability to effectively manage a record label, suggesting his understanding of the music business was inadequate.
Watch the video here.
PaulO’s Reaction to the Video Allegations
Reacting to these claims, PaulO shared a detailed spreadsheet to counter Spyro’s accusations. The document outlined payments made on behalf of Spyro during his time on the label, revealing that a total of ₦12 million was spent on the artist. According to the show promoter, despite this significant financial investment, there were no returns from Spyro’s music career under the label.
