Music promoter Paulo has responded to Spyro’s claims that he did not make any money during his two-year stint with the promoter’s record label.
In a recent interview, Spyro revealed that although he was signed to Paulo’s label, he did not earn any income during his time there.
According to Spyro, he often had to borrow money from Paulo when he needed something, describing the music promoter as a kind man but one who didn’t fully grasp the business side of managing a record label.
In response, Paulo took to his Instagram story, clarifying that payments were made on Spyro’s behalf while he was signed to his label. He revealed that he spent a total of N12 million on Spyro but never saw any return on his investment.
See his full post below…
