Less than 24 hours after Iyanya announced online that he was moving on to set up is own record label, gist have started flying with regards to the reason for his "sudden" action.
Iyanya's action appear sudden from outside because he's a co-owner of Triple MG with Ubi Franklin.
So what happened between Iyanya and Ubi Franklin or his wife?
The record label both guys set up in 2011 now have Tekno, Selebobo, Mr Chibbz, and Tonye Garrick.
According to Joey Akan, Iyanya finally took action after a long period of incessant in-fighting and clash of decisions. Ubi and Iyanya, have been at loggerheads over finances and other key decisions.
Last year, the label had to let go two artistes, Emma Nyra and Baci, which according to sources, did not go down well with Iyanya. Baci, most especially had a special bond with Iyanya, a friendship that had been honed over several years.
Financial mismanagement issues are also a huge part of the disagreement. Iyanya and Ubi have long not seen eye to eye over the remittance of booking and appearance fees.
According to Pulse, there have been concerns over Ubi’s handling of the business finances.
However, things got worse during and after Ubi’s big wedding to actress, Lilian Esoro, in November 2015. It is believed that Iyanya is not in favour of the union, and the effect it has on the business.
“Iyanya does not like the wife, and does not support the union”, Pulse source revealed.
Active management of the record label has been shifted to Paul, a staff of the record label, who now handles day-to-day management, and also is directly involved with booking fees and performances.
Tekno and MMMG (Ubi), were last week called out by a certain Canadian show promoter, Bless Ehannire, for not showing up for an agreed show as at when expected.
This year, Iyanya is currently returning to his R&B roots. He is planning a collaborative R&B album with EME singer, Banky W. So far, he has released two singles, ‘Type of woman’ and 'Heart beat' from the project.
He is trying to relaunch himself into the industry, and has come to the decision that he needs to split from Ubi Franklin, and run his business personally.
A wife will either make or mar her husband's progress. All men need God's grace to get a good wife.
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