Reekado Banks has debunked the rumours in some quarters that Don-Jazzy-led Mavin Records is taking most of the money he makes through shows, endorsements etc and leaving little amount for him.
"If Mavin is taking majority of the money, how come I was able to build my mum a house and I'm building a school? I also drive nice cars. It is business, and we knew what we were getting into by signing the contract with Mavin. If I wasn't comfortable with it, I wouldn't have signed it." He said.
Reekado also denied that there is some sort of rivalry between him and other label mates like Korede Bello and Di'ja.
"There is no form of rivalry among us and we see each other frequently; we only have healthy competition. Everybody is constantly trying to record the best song, and it's not just between me, Korede and Di'ja. It is the same with the whole Mavin crew.
"Don Jazzy, Altims and Baby Fresh are always trying to produce the best beats. All the artistes also work hard to put out hit records. To a very large extent, that is even one of the things pushing the label."