"We lost 5 billion Naira because of Asake" - YBNL Manager reveals

YBNL’s management recently made a startling revelation about the financial losses incurred due to Nigerian singer Asake’s decision to step back from performing. According to the label’s manager, Asake turned down multiple high-paying shows, including events where they were set to earn between $500,000 and $2 million per performance. In total, the label reportedly lost over 5 billion naira (approximately $4 million) as a result of his withdrawal. The manager expressed frustration over the situation, stating that despite the lucrative offers, Asake claimed he was tired and unwilling to proceed with the bookings. This development has sparked widespread discussion among fans and industry stakeholders about the dynamics between artists and their record labels.

Adding fuel to the speculation, Asake has recently unfollowed YBNL boss Olamide on social media and removed the label’s name from his Instagram bio. These actions have led to rumors of a strained relationship between the artist and his record label. While neither Asake nor Olamide has officially addressed the situation, the controversy continues to gain traction online. Many fans are eager to hear both sides of the story, especially considering Asake’s meteoric rise under YBNL’s management. Whether this marks the end of his association with the label or simply a temporary dispute remains to be seen.

YBNL manager posted on his IG page recounting on how the former signee has made the record label lost money "We had shows that we were being paid $1M, $500k, $2M, $500k and Asake told us HE IS TIRED. We are talking about someone that did just 10 shows the whole year".