Akon’s former business partner, Devyne Stephens, has filed a lawsuit against the singer.
Devyne Stephens has accused the “Don’t Matter” artiste of stiffing him out of $750,000 from a 2018 settlement agreement and $3 million in royalties, Page Six reports.
Stephens, a music executive who previously worked with Destiny’s Child, Usher, Jay-Z, Toni Braxton, and TLC, claims he and Akon reached a pact four years ago in which he would receive $3.25 million over the span of four years. The singer allegedly failed to pay the final installment of $750,000.
This is the latest development in what has become a contentious relationship between Akon and Stephens, who accused his former business partner of spending “the better part of a decade” finding ways to avoid giving him the money that’s contractually owed to him. “Akon has spent the better part of a decade frustrating Stephens’ attempts to obtain large amounts of money which Akon unambiguously promised in contracts to pay Stephens,” court documents state.
Stephens alleges that Akon believes he shouldn’t be required to pay 20 percent because he’s now working for BMG Records. Stephens countered with the accusation that the singer intentionally breached his contract with Atlantic, and argued that BMG “by any objective metric, is a ‘major’ record label.”
The court claims Akon has taken the stance that he’s currently not on a “major” label, to which Stephens responded, “He is wrong.”
Akon came under fire last year when he told TMZ that the “famous and the rich go through more issues than the poor,” a statement he later stood behind, saying he was speaking from his own personal experience.“
“I’m having more problems successfully dealing with all that comes with success than I had when I was poor,” he said. “I was actually happier when I was poor.”
Latest Stories
-
GPL 2024/25: Aduana FC sack coach Yaw Acheampong after poor run
1 min -
John Dumelo pays ¢10,400 in outstanding fees for visually impaired law student facing deferral
3 mins -
CHRAJ clears Victor Kusi Boateng over allegations of 2 passports, Cathedral cash theft
6 mins -
We’ll restore hope by cutting down taxes and avoiding unreasonable borrowing – Ato Forson
10 mins -
14th Edition of Tech in Ghana Conference launched in Accra
11 mins -
Manifesto clash: NPP, NDC spar over water, hygiene, sanitation and climate change
17 mins -
Ellembelle MP constructs new health facility at Santaso to serve several communities
22 mins -
Kwasi Appiah wanted to axe Ayew brothers and Wakaso from Black Stars – Ernest Thompson reveals
29 mins -
AngloGold Ashanti empowers PWDs in Obuasi East to harness 10-year socio-economic development plan
32 mins -
‘Dumsor’ won’t go anytime soon, we need 2 years to stabilize- IES
38 mins -
Black Stars Management Committee does a good job – Ernest Thompson
40 mins -
GFA set to launch Girls for Goals campaign in Keta
43 mins -
Siisi Baidoo wins Male Vocalist at 2024 Praise Achievement Awards
48 mins -
Perez Musik celebrates marriage with breathtaking photos
1 hour -
I am not ready to sign any artiste to my record label – Kuami Eugene
2 hours