$1 million debt: Court to rule on D’Banj’s bid to set aside judgement
A Nigerian court has postponed its ruling on D’Banj's motion to overturn a $1 million judgment against him regarding a failed investment.
A Lagos State High Court in Nigeria has adjourned the ruling on a motion filed by music artist Oladapo Oyebanjo, known as D’Banj, seeking to overturn a $1 million judgement awarded against him in a dispute concerning an alleged failed equity investment in The CREAM Platform Ltd. The ruling has been postponed until June 1, 2026, following the court proceedings on Monday which included arguments from both D’Banj’s legal counsel and the claimants' counsel. The judgment was initially delivered on September 15, 2025, after the claimants sought a summary judgment against D’Banj.
The legal dispute centers around claims made by Engr. Ahmadu Kida-Musa, Mr. Sokipiri Graham Douglas, and Glovtex Oil and Gas Ltd, who allege that D’Banj had received an investment sum but failed to adhere to the agreed terms of the investment. This ruling marks a significant point for D’Banj, as the outcome of the motion could have serious implications for his financial status and public image amidst ongoing discussions regarding accountability in investments by public figures.
As the case is expected to draw public attention, especially given D’Banj’s celebrity status in Nigeria, the delayed ruling may keep the matter in the headlines. The decision made by Justice Tanimola Anjorin-Ajose on June 1, 2026, could set a precedent for similar cases involving entertainment figures and their financial dealings, especially in the context of equity investments in Nigeria’s evolving business landscape.