The split between Banky W and Wizkid, inside sources say, resulted from an alleged high difference in what Banky W gets from revenues made by the young star, Wizkid.
The ‘injustice’ has been bothering Wizkid until he summoned the courage to ask for an improved contract from Banky W, which hit him (Banky) by surprise.
“You know Wizkid is the backbone of EME music label. The boy (Wizkid) feels that Banky W has been milking too much from him with the large chunk of what Banky W takes from what the boy makes.
“Wizkid has asked for an improved contract because the present one allocates much of Wizkid’s earnings to Banky W. You know when you are coming up, you sign any kind of deal because you just want to climb stardom.
“That is the situation the boy finds himself but Banky felt hurt that Wizkid could ask for an improved offer after what he (Banky W) has done for him.
“This was the beginning of the problem between them. The boy even threatened to leave the label sometimes ago but Banky W felt it was a joke. He took it with a pinch of salt. Now, he is at a crossroad and confused on what to do,” a source told Aproko 247.
Wizkid’s mum waded into the matter but Wizkid reportedly ignored his mum's advice and stood his ground on leaving the label. “Wizkid’s mum has also tried to talk sense to her son but it seems the guy (Wizkid) is bent on moving on with his life.”