By Progress Godfrey
Renowned entertainment Executive, Michael Collins Ajereh, known professionally as Don Jazzy, revealed that he once considered selling his record label, Mo’hit Records, for a surprisingly low price of one million naira.
The Mavin Records boss disclosed this in an exclusive interview with Bounce Radio
Don Jazzy said the Idea to sell Mo’hit followed a struggling period after the release of D’banj’s single “Tongolo”, which fell short in terms of expected financial returns.
The music mogul admitted that he reached out to Nigerian music executive and CEO, Storm 360 Record label, Obi Asika with the offer.
He added that the plan was to merge Mo’hit and Storm 360, but however said the negotiations failed to materialize.
