Gospel music star Mercy Chinwo has accused her former manager of diverting $345,000 in royalties from her music sales over the past two years. The singer, widely recognized for hits like “Excess Love” and “Chinedum,” claims that the funds were intended for her and were misappropriated without her consent.
In a statement released on her social media platforms, Chinwo detailed the situation, expressing both shock and disappointment at the betrayal. “As an artist, I trusted my manager to handle my finances with transparency and integrity. Unfortunately, it has come to light that significant amounts of money, funds owed to me for my hard work, have been diverted for personal gain,” she said.
The $345,000 alleged to have been diverted includes earnings from her music, brand endorsements, and live performances. Chinwo’s legal team is now working to investigate the full extent of the financial discrepancies.
The Economic and Financial Crimes Commission (EFCC) has since stepped in, confirming that an investigation is underway. A spokesperson for the EFCC said they are “taking all necessary steps to ensure that those responsible are held accountable.”
“We are aware of the allegations and have launched an inquiry to ascertain the facts. Our priority is to ensure that justice is served and that the integrity of the entertainment industry is preserved,” the EFCC official stated.
Chinwo’s manager, whose identity has not yet been officially disclosed, has not commented publicly on the matter. However, industry insiders speculate that the case could shed light on deeper issues within the management of high-profile Nigerian musicians.
Mercy Chinwo has been a prominent figure in the gospel music scene, both in Nigeria and internationally, and this incident has raised concerns over the financial management practices in the entertainment industry. Fans and colleagues have expressed support for Chinwo, calling for a swift resolution and justice.
As the investigation continues, Mercy Chinwo’s legal team has vowed to recover the funds and ensure that those responsible face appropriate consequences.
source: Legit.ng