Nigerian singer Fido has accused his former record label, Inner Circle Entertainment, of withholding 95 percent of the advance payment for his hit track Awolowo.
In a recent radio interview, the artiste alleged that out of a $20,000 advance, he received only about N1.5 million, claiming the label kept the remainder.
The Joy is Coming crooner further stated that the financial dispute significantly stalled the progress of his music career.
“I was transparent with you guys. Even when I was with you guys, you took all my advance from me. The advance that I was given for Awolowo you guys took 70% from it,” he said.
“What am I even saying, they took 95%. They just gave me only like N1.5 million out of $20,000. This is the first time I’m saying this and it’s true, there’s facts to all these things.
“We’re working on the situation now, and what stopped whatever progress I was supposed to make was because of these issues I was having. People never knew that that was what I was facing.”