The music year has started already with entertainment entrepreneur, Ubi Franklin’s big reveal that Paul Okoye is now a co-owner of TRIPLE MG Record label.
The CEO confirmed that he sold the 50% shares owned by former co-owner and label act, Iyanya, to Upfront and Personal CEO, Paul Okoye.
This transaction of transfer happened soon after Iyanya left the label for Don Jazzy’s Mavin Records.
According to Ubi in a recent interview, when Iyanya was quitting Triple MG, he (Ubi) bought over Iyanya’s 50% shares and sold it to Paul Okoye, making him a part owner of the label.
“When Iyanya was leaving, I bought over his shares, so I owned 100% of the company. I sold those shares to Paul Okoye of Upfront and Personal. Paul Okoye now owns part of MMMG” Ubi confirmed.
Ubi also said that the management of Triple MG is working on organizing a press conference to address the recent developments in the company.
Meanwhile, in October 2016, the Triple MG CEO added Tilt Terrace to his line of business, joining the list of Nigerian entertainers who own a lounge in Lagos.
Tilt Terrace, which is located at 13 Oluwabunmi Owa street, beside CBC Towers, After Ebe-ano, Lekki Phase 1, Lagos, has fast grown into one of the hottest connection hub for the fellowship of great minds within and outside the entertainment circle.
Tilt Terrace opens between the hours of 10am to 2am daily and offers the perfect blend of entertainment, relaxation, and networking and most importantly, great meals.
Hopefully, with the addition of the Psquare brother to Triple MG, Ubi Franklin has fully positioned himself as a fulltime entertainment entrepreneur.