YBNL Music founder Olamide has approved the early contract termination of artist Asake, videowheelztv reports.

The contract dissolution grants Asake ownership of his master recordings from his tenure with the label. Both parties have established a 10-year royalty-sharing arrangement to continue the financial terms of their original agreement.

The separation took place in recent months, following Asake’s release of his album “Lungu Boy.”

Speaking on the separation, Olamide reportedly said:

I didn’t create YBNL because I wanted to make money. I created it because I wanted to see other young people grow, so if any artist under me wants to leave, they are free.

He added more specifically that,

Asake has done his part, and I’m proud of him.

Reports earlier this week revealed that Asake removed all YBNL-related content from his social media profiles and unfollowed his connections, including Olamide.

Sources indicate that Olamide extended a new contract offer to Asake following the expiration of his initial YBNL agreement.

Despite Olamide’s attempts to secure Asake’s continued partnership, the artist declined the offer, choosing to separate from the mentor who significantly contributed to his international success.

An insider disclosed that the situation reached its conclusion two weeks ago when Asake definitively ended negotiations, expressing his intention to operate independently.

The development marks a significant shift in their professional relationship, which began in 2022 when Asake first signed with YBNL.

During his tenure with the label, Asake achieved remarkable success, releasing multiple hit singles and notably selling out London’s O2 Arena on two occasions.

Check out more music updates here.

Activist lawyer and author Dele Farotimi maintained his stance against Senior Advocate of Nigeria Afe Babalola during a press conference in Ado-Ekiti on Tuesday, following his release from detention.

Farotimi addressed reporters to restate his previous allegations against the prominent legal figure.

“I have never lied against anyone. If I don’t know, I will say I don’t know. The truth is enough—it is the only weapon with which you can slay the monster called Nigeria.”

Welcome back, Comrade @DeleFarotimi. pic.twitter.com/TYV6e7bnwK

— Inibehe Effiong (@InibeheEffiong) December 24, 2024

The Ekiti State Correctional Centre detained Farotimi after defamation allegations emerged against him.

His book “Nigeria and its Criminal Justice System” contains specific allegations of unethical conduct against Babalola, claims which Farotimi continues to defend as accurate.

The author stands by the investigative findings detailed in his publication despite the legal challenges he has faced.

“I understand the challenges that come with fighting entrenched powers, but I remain steadfast in my commitment to the truth,” he added.

An Ado-Ekiti magistrate court released Farotimi on December 20 after he met multiple bail conditions.

These conditions included posting a ₦30 million bond, securing two sureties with one being a property owner, and surrendering his passport. The court also restricted Farotimi, barring him from giving interviews to the media.

The case has ignited widespread discussions within Nigeria’s legal community regarding press freedom and institutional influence in the justice system.

Legal experts and civil rights advocates now await the forthcoming court proceedings, which will examine the merits of both the defamation claims and Farotimi’s defence.

Check out more news updates here.

Funke Akindele’s comedy film “Everybody Loves Jenifa” has shattered Nigerian box office records by earning ₦511 million within just 12 days of its release.

FilmOne, the film’s distributor, revealed that this remarkable achievement makes it both the highest-grossing Nollywood film of 2024. It is also the fastest Nigerian movie to reach the ₦500 million milestone.

“History Made! Everybody Loves Jenifa smashes records with ₦511M at the box office, becoming 2024’s highest-grossing Nollywood title and the fastest to hit ₦500M in just 12 days! Don’t stop! Let’s smash the record books. Watch Everybody Loves Jenifa in cinemas near you,” the post said.

 

View this post on Instagram

 

A post shared by FilmOne Entertainment (@filmoneng)

“Everybody Loves Jenifa” achieved unprecedented success by generating ₦206 million during its opening weekend. It established a new record for the highest-grossing opening weekend in Nollywood history.

The film demonstrated its immediate appeal by earning ₦87.8 million on its first day. This set another record for the highest single-day earnings in Nigerian cinema.

Funke Akindele masterfully reprised her beloved Jenifa character, delivering a performance that perfectly captured the character’s signature humour and charm.

The narrative follows Jenifa through an engaging storyline filled with personal growth, fame-related challenges, and comedic situations that resonated deeply with audiences across Nigerian theatres.

Akindele’s marketing strategy proved exceptionally effective. Moreso, she implemented comprehensive social media campaigns and made strategic appearances at various cinemas to connect with viewers.

Her promotional efforts transformed the film’s release into a cultural phenomenon that extended beyond traditional movie-watching.

The film features an impressive ensemble cast including Falz, Omotunde ‘Lolo’ Adebowale-David, Olayode Juliana, Chimezie Imo, Layi Wasabi, Bisola Aiyeola, Jackie Appiah, and Omowunmi Dada.

These actors collectively bring depth to this comedy-drama that successfully weaves together humorous moments, emotional depth, and surprising plot developments.

Check out more movie updates here.