Asake has been given the masters to all his songs recorded under the label, but they will maintain a royalty split on the songs for as long as the contract was intended to run, which is a minimum of 10 years.
Olamide has reportedly said this: “I didn’t create YBNL because I wanted to make money. I created it because I wanted to see other young people grow, so if any artist under me wants to leave, they are free. Asake has done his part, and I’m proud of him.”
Asake has now removed anything concerning YBNL from his social media handles and unfOllOwed everyone, including Olamide.
This contract was reportedly terminated a few months ago after the release of his Lungu album!
It was gathered that, following the expiration of Asake’s contract with YBNL, Olamide presented a new contract to the music star to sign, which he declined.
However, Olamide made strenuous efforts to persuade Asake to sign the deal but to no avail.
Asake recently walked out on the negotiations, opting to become independent.
“The final straw happened two (2) weeks ago when Asake walked out completely out of the deal opting to be his own boss”
Asake joined YBNL in 2022 and became famed with his hit song ‘Sungba’, achieving groundbreaking milestones, including the impressive feat of selling out the 02 Arena twice.