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Chocolate City Boss Audu Maikori Resigns

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  Audu Maikori, the CEO of Chocolate City Music has announced his plans to retire come June 2015. He announced this yesterday to a tearful crowd of fans and admirers at the Nigerian Entertainment Conference 2015 held at Eko Hotels and Suites, Lagos.

According to him, his decision was based on the need to further strengthen the company and allow for the injection of new ideas into the system. He however did not reveal who will replace him.

‘I have headed Chocolate City for the past 10 years and its been the most amazing period of my life despite the many challenges that came with it. There were times, I would get home and wished I wouldn’t have to go to work the next day. Some other times, artistes will need money and even though unavailable, we still have to find a way. 

At this point I have decided to step down as CEO of Chocolate City to allow for the younger generation to steer the ship. My resignation takes effect from June, but I wont disclose who will take over from me until then’, he said.

His announcement came shortly after one of the label’s super stars, MI had spoken explicitly about why record labels will continue to operate in the industry for a long time to come,

‘At Chocolate City, we have adopted what I will like to call the “360 deal” approach. This caters for the artiste as a brand in totality and seeks to promote and better his craft, sales, management, endorsement as well as appeal to fans, rather than just sell his albums’

MI later announced the merger of his Loopy Music with Chocolate City and a compilation album which will be released exclusively on STAR Music App.

The record label has had Maikori chair its affairs since it was founded in 2005 and presently boasts well over 10 artistes including MI, Ice Prince, Jesse Jagz, Ruby Gyang, Nosa, Victoria Kimani, Loose Kaynon, DJ Caise, DJ Lambo and others.

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Tunde Ednut Earns $5,000 Per Day! -Report

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“Tunde Ednut earns $5,000 average per day, ISWIS made approx $200,000 from live events in one month” — Chude Jideonwo unveils creator economy data at Digital Creator Africa Summit
At the inaugural Digital Creator Africa Summit, media entrepreneur and #WithChude host Chude Jideonwo unveiled new data positioning the Nigerian creator economy as one of the most commercially powerful industries on the continent.
Highlighting explosive growth and overlooked business models, Jideonwo revealed that:
 • Tunde Ednut, the former musician turned Instagram media mogul, is estimated to earn over $5,000 a day through his platform — with a business model based on affiliate promotion, Instagram advertising, and music amplification.
 • The hit podcast “I Said What I Said” (ISWIS) reportedly made approximately $200,000 in gross revenue from live events alone in a single month, drawing thousands of fans across there US, the UK and Canada.
 • “What these numbers show,” Jideonwo said, “is that creators are no longer just influencers — they are media companies, and increasingly, nation-builders.”
The summit, held in Lagos and attended by creators, investors, and media leaders, was designed to shift the conversation from virality to value — reframing content creation as infrastructure, not just entertainment.
As part of his address, Jideonwo announced his $500,000 personal commitment to the FourthMainland Creator Fund — a catalytic investment vehicle to back high-potential African creators with funding, IP support, and platform distribution.
“We’re building the Mavin Records of storytelling,” he said. “Not just with fame, but with financial tools, ownership, and a full studio system that lets creators scale across the continent and diaspora.”
The Creator Fund is part of the broader FourthMainland ecosystem, a creator commerce platform set to launch in 2026. The platform will offer monetization tools, subscription infrastructure, and joint-IP models built around African content — positioning it as the first at-scale infrastructure for the continent’s growing $100B creator economy.
Jideonwo, whose ventures include Joy, Inc., #WithChude, and YNaija, closed with a call to funders and policymakers:
“If music had Mavin Records and tech had CcHub, then creators now have their studio systems — their Mavins — and they’re building billion-dollar value chains without waiting for permission.”
The keynote, titled “Overtaking is Allowed,” argued that Africa’s most important civic and cultural shifts today are being led by independent creators, and that media-tech infrastructure for creators is now one of the biggest opportunities for economic growth across the continent.
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Excitement, Joy as Lagos Guber Hopeful, Jandor Marries in Qatar

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It was a weekend of glamour, joy and excitement as Lagos politician and businessman, Olajide Adediran, popularly known as Jandor, tied the knot in faraway Qatar.

The destination wedding which took place at the Fairmont Hotel, Doha drew close friends, family and political associates, was nothing short of magical. With the exotic backdrop of Doha’s luxury setting, Jandor and his bride exchanged vows in an intimate but elegant ceremony that had the air of class, style and exclusivity.

Guests, many of whom jetted in from Lagos and Abuja, were treated to a blend of traditional Nigerian warmth and Middle Eastern splendour. From the lavish décor to the exquisite cuisine, it was an affair that reflected both cultures in perfect harmony.

For Jandor, who has continued to attract attention on the Lagos political scene, the wedding to his heartthrob, Bukola was a refreshing moment of happiness, away from the hustling pulse of politics. His bride, radiant in her flowing attire, was the toast of the evening, with cameras capturing every dazzling smile.

As the couple began their journey together, family and well-wishers showered them with prayers, gifts and best wishes. The event, insiders say, will be remembered for its intimacy, its class, and the joy it radiated across the circles of Lagos high society.

 

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‘I want people to settle our fight, but…’ K1’s Lead Drummer,Ayanlowo Gives Condition For Reconciliation

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-Ayotunde Ayanda

 

K1’s lead talking drummer, Ayankunle Ayanlowo has listed the condition for him to reconcile with his boss, Wasiu Ayinde, the Mayegun of Yorubaland.

 

At his home in Felele, Ibadan in a private chat, the drummer in his request stated ‘I want them to settle our fight. I want them to call us together, he(Wasiu) should be God-fearing and state his part, while I should also be present to speak my mind. The elders should step in but God knows, I will never go back to him’.

 

When asked why he vowed never to go back, Ayanlowo replied, ‘he is vindictive, he never forgives and I’ve placed everything in the hands of God. I can never go back to the band”.

 

The lead drummer while confirming that some cleric leaders and traditional rulers have waded into the matter also said ‘part of my condition is that at any location they pick for the peace-meeting, if anything happens to me, I would hold the people that call for the meeting responsible and they’ve assured me nothing of sort would happen”.

 

He hinged his fears on the attack at his Felele, Ibadan home where his windows was shattered by people he believed to be loyalists of his boss.

 

‘I’ve worked with him for 32 years and now I want to be on my own, I’ve tried! They should just leave me in peace’, he begged.

 

Ayankunle had accused Wasiu  of providing a poor welfare package for his band members, which KWAM 1 has since denied and this has generated a lot of issues that called for the intervention of top monarch, the Aseyin of Iseyin, Oba Sefiu Adeyeri who claimed to have instructed Ayankunle to stop posting videos or granting interviews.

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