Banks freeze Burna Boy concert organiser accounts. Image source: @TiisetxoSetso
Failed Burna Boy concert organiser has accounts frozen
The organiser of the now failed Burna Boy concert has had his accounts frozen after his buisness partner fled with close to R10 million.
Banks freeze Burna Boy concert organiser accounts. Image source: @TiisetxoSetso
One of the organisers of the cancelled Burna Boy concert has opened a case of fraud against his business partner. The concert was initially set to take place in Johannesburg during September 2023, but was postponed and then cancelled following some drama behind the scenes.
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Excited Burna Boy fans were left disappointed when the singer’s would-be show at FNB stadium was cancelled at the 11th hour. The reasons behind the cancellation were unclear at first, as many fans speculated that it was due to low ticket sales. Little did we all know the drama that was taking place behind the scenes. It was reported a week later that the show had been cancelled after one of the organisers “ran off” with the money that was said to promote the show, an alleged fee of R10 million!
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BURNA BOY ORGANISER OPENS CASE
Gregory Wings, an American businessman who was billed as one of the investors of the now-failed Burna Boy show opened a case of fraud at the Sandton Police Station shortly after the saga. Wings alleges that his business partner for the show, Sedote Nwachukwu disappeared with over R10 million that was meant to be invested into the show.
A social media account called Crime South Africa wrote on X, “Fraud case opened at Sandton Police Station against CEO of Ternary Media Group Sedote Nwachukwu, Sedote’s company was responsible for organizing the upcoming Burna Boy concert in Johannesburg. It is alleged that Sedote stole 10m from his business partner Gregory Wings.”
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The story was also reported by Sunday World, where a source spoke and added more details. The source said to the paper, “Gregory gave Sedote the necessary money and the agreement was that they would split the percentage and he would only be a shareholder in the concert as the funder. Thirty days before the concert, Gregory found out that Sedote had been stealing money from ticket sales by Ticketpro. He had also not played suppliers and everything was not going according to plan”
GREGORY WINGS HAS ACCOUNTS FROZEN
While Nwachukwu is said to have fled the country after the Burna Boy concert was cancelled, Wings has had to deal with the aftermath. Sunday World added in their report that the businessman’s FNB bank accounts had now been frozen. The source continued to reveal to the paper that with Gregory being in the paperwork which turned out to be fraudulent he took the fall for everything that Sedote had done. He was then arrested for fraud in October and detained at Sun City (Johannesburg Prison) for seven days.”
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With all this being said, Burna Boy and his team have completely distanced themselves from the failed show although his South African fanbase will be hoping that this won’t be their last opportunity to see him live in the country.
