D’banj signs Davido

Dapo ‘D’banj‘ Oyebanjo has signed to his new (yet unnamed) record label the fast rising pop star David ‘Davido‘ Adeleke

NET investigations confirmed the signing took place on Wednesday, May 16, 2012 at the 19-year-old’s house in Lekki after a five-man meeting involving D’banj, his manager Abisagboola ‘Bankulli’ Oluseun, Davido, his manager Asa Asika and father Deji Adeleke.

After the signing, both acts and their crew members then headed out to the weekly Industry Nite at the Oriental Hotels to celebrate. NET had earlier reported D’banj making his first ever post-Mo’Hits public appearance at the weekly gig where he gave a surprise performance with artiste of the night Ikechukwu.

We’re still working to get details of the deal particulars, but sources say talks started weeks before both acts met in the US. D’banj and Davido were both spotted at the famous strippers joint - Diamonds Of Atlanta Gentlemans Club in Atlanta.

Davido’s manager when contacted however played down the news of the signing insisting that both parties are still in talks. ‘We are still in talks, that’s all I have to say for now, it could take a day or a year‘, Asa Asika told NET in a phone conversation.

D’banj’s camp was yet to respond to our E-mails as at the time of filing in this report.D’banj recently signed to Mercury Records UK through the G.O.O.D Music label imprint.

Davido had until now remained an unsigned act but has in the past year risen to A-list status with just three singles out.He now joins D’banj’s younger brother KSwitch on the label which, according to insiders, will be affiliated to Island Def Jam Africa.