Monday, February 10, 2025

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HomeEntertainment NewsPaulo Okoye refutes Spyro's claim of struggling financially under record label

Paulo Okoye refutes Spyro’s claim of struggling financially under record label

Talented manager, Paulo Okoye, has fired back at afrobeat singer Spyro, who alleged that he struggled financially while signed to Okoye’s record label.

Spyro claimed that he had to take a loan to support himself, as he didn’t earn anything from the label, and accused Okoye of being ineffective in managing the label.

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Speaking with Echo Room podcast, Spyro said:

“I was signed to a record label owned by a billionaire who owns like 3 Rolls Royce… but I was signed and nothing was happening. I wasn’t even getting a dime.”

However, Okoye took to his Instagram story to refute these claims, sharing receipts of his expenses on Spyro.

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Okoye claimed he invested a N12 million in Spyro, covering N4.2 million in expenses, two music videos, and the singer’s inaugural international trips to Dubai and the UK.

Okoye accompanied the receipts with a caption:

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“Wow wow – 2017. Spyro expenses 4.2m + 2 music video + first ever travel, Dubai, UK etc. Flight, hotel etc. Total spend N12m. Money made with Spyro = 0KoboNaira. But it is well, I’m happy for him.” [CONTINUE READING HERE]>>>>>



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