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“Davido set to refund at least half of the money to Abu Salami” – Journalist alleges

Davido and Abu Salami reach agreement to repay half of outstanding debt

idowu by idowu
October 26, 2023
in Celebrities
Reading Time: 2 mins read
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Davido and Abu Salami reach agreement to repay half of outstanding debt
  • Nigerian singer Davido and businessman Abu Salami have reportedly agreed to settle their debt dispute, as alleged by an anonymous journalist
  • Abu Salami claimed to have paid Davido a significant sum of N218 million for a N326 million project focused on children but accused the singer of failing to deliver.
  • The project involved a nationwide search for talented young football players for children’s benefit.
  • Twitter blogger reports that both parties have initiated backdoor negotiations, with the expectation that at least half of the N218 million will be refunded to Abu Salami after formalizing the necessary paperwork.

Nigerian Afrobeats singer Davido, along with his legal team, has reportedly reached a consensus to pay at least half of the money owed to Abu Salami, a businessman who alleged that he had paid the singer a substantial sum of N218 million for a project involving children.

This revelation came to light through an anonymous journalist who shared the update on social media.

The dispute began when Abu Salami, also known as Abusalami on Instagram, accused Davido of reneging on their agreement and failing to fulfill his part of the project, despite receiving a significant payment.

According to Abu Salami, he had entrusted Davido with the sum of N218 million as part of a N326 million project intended to make a positive impact on children.

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Davido and Abu Salami reach agreement to repay half of outstanding debt
Davido.

The ambitious project involved flying to twenty different states with an eleven-person production crew in search of young and talented football players exclusively for the benefit of children.

However, the project allegedly fell through, leading to Abusalami demanding the return of his investment and accusing Davido of harassment through his legal representatives.

In a recent update shared on social media, a Twitter blogger disclosed that an agreement has been reached between Abu Salami and Davido, stipulating that at least half of the N218 million will be refunded to Abu Salami after formalizing the necessary paperwork.

The post reads;

“Just as @PIDOMNIGERIA had advised, I am happy to announce to you all that in the past few hours there have been some positive backdoor channel negotiations/settlement arrangements between Abu Salami and Davido’s camp.”

“A friend of both parties is mediating for a peaceful resolution to this issue. Abu will be refunded at least half of his money back by Davido after some paperwork. Hoping for closure before the day runs out.”

“They are all friends, fighting and disagreement are part of friendship, according to the mediator. Remember
@PIDOMNIGERIA is the first to break this news. Put on my notification I will keep you guys posted.”

See below;

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