Business
Real reasons we arrested Talented Musician, Harrysong + How he breached our contract – Five Star Music release statement
The tussle between Talented Singer, Harrysong and his Ex-Label, Five star records is getting tougher as the day goes by, he was arrested yesterday over chages on Breach of Contract, though he has been released but the record label promise to take legal action and also adviced the public not to have any transaction with the Music star.
Read below.
It has become both imperative and necessary to state our position on the ongoing misguided and fallacious news making the rounds in the media between our esteemed record label and Mr. Harry Tare Okri.
Sometime in 2008 when Mr. Harry first approached our record label for a music contract, we immediately declined the request when we found out that he had a subsisting contract with one Mr. Kevin Luciano of ‘Question Mark Entertainment Label’.
All efforts then by Mr. Harry to influence our management proved abortive as our position was maintained on grounds of equity, fairness and professionalism.
For further avoidance of doubts on the true facts of the present situation, our management has decided to officially set the records straight, because of negative and pervasive influence being foisted on the psyche of our numerous and well meaning fans.
Our first encounter with Mr. Harry was sometime in 2008 when he approached our management for a music contract. As stated above, according to our findings at that time, his contract with ‘Question Mark Entertainment Record Label’ was still subsisting and valid.
Obviously we declined when we found out that Mr. Harry’s plans were ill orchestrated against his employers, by walking out on them without fulfilling the obligations clearly contained in his running contract with them.
When Harry’s employers (Question Mark Entertainment) got wind of his frantic efforts to desert his contract, a stern and official public statement was issued against Mr. Harry and a certain clause establishing his existing contract was clearly published for full consumption by the general public.
3a. The tussle continued between Harry and his employers till sometime in 2014 when Harry once again approached us, this time very desperate.
We opened preliminary discussions with him but demanded an official document from his former employers relieving him of any obligation or liability with regards to his contract with them.
3b. Our move to do things right and professionally with Mr. Harry earned us a Twenty Million Naira Legal Suit (N20,000,000.00) from Mr. Kevin Luciano of Question Mark Entertainment (Records are there for confirmation). We were joined as co-defendants with Mr. Harry.
Juxtaposing the above with what is going on now, it is quite unfortunate because “Good intentions counts as much as good actions, and the person seeking to do good is as good as someone who actually does it.
3c. Knowing the vulnerability of Mr. Harry on the impending legal suit, we solicited the help of certain well respected individuals in the Music industry to wade into the matter, one of which was our dear veteran Daddy Showkey.
Mr. Luciano having found out our intention from inception to act in good faith, agreed to withdraw his suit against Mr. Harry and our company BUT, not without consequential and settlement fees of Five Million Naira (N5,000,000.00, records available for verification).
We paid this amount solely without Mr. Harry contributing a dime!
It is often said that “When people sense that someone else is vulnerable, they tend to attack, for when the calf falls, the knives come out”.
However, in Mr. Harry’s vulnerable situation, we did nothing of the sort. Rather, we whole heartedly bought all his liability off Question Mark Entertainment Label, and welcomed him as a family into Five Star Music Label, a genuine gesture and decision we are all regretting this present day.
Because we are known for running our affairs professionally and legally, we signed a three year contract with Mr. Harry and certain conditions and obligations were specifically and properly spelled out apart from the terms of the contract.
Most important of these were his obligations to our Music Label, which amongst others include:
That he must deliver at least, three (3) full music albums on or before the expiration of the first term of his three year contract, otherwise the label solely reserves the right either to rescind or extend the contract.
These conditions were never met.
While in the employment of the Five Star Music Label, he must not engage himself in anyway whatsoever, whether directly, by proxy or through a third party in any Music or recording business other than that of Five Star Music. This condition was also repeatedly breached as Mr. Harry has been releasing music, going on tours locally and internationally without our consent or paying the agreed percentage to the label.
Five Star Music wishes to state categorically that this reckless breach of contract by Mr. Harry stands contrary to our company’s work ethics and will therefore be pursued to a logical conclusion using the full instrument of the law.
In setting the records straight, let it be known that before now, the label refrained from instituting any legal actions against him for his blatant breach of contract, just because he was still considered as part of Five Star Music family.
However, his posture as clearly manifested through his lawyers whom have continued to write and make all kinds of assertions and threats to the label necessitated our immediate response for the general public to know the truth and inherent facts of the story. For it is said, that facts speaks for themselves.
We therefore advice the general public to tread with caution and desist from transacting any business with Mr. Harry Tare Okri, as same is both illegal and a total breach of his existing contract with our record Label, ‘Five Star Music Label’.
Notwithstanding what propaganda he feeds the public, we further advice that proper verifications are made from us, as there is no iota of truth emanating therefrom.
Signed
Mr. C.C Chris
Five Star Music Limited
Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.
The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.
Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.
The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.
The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.
Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.
The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.
Alpha Morgan to Host 19th Economic Review Webinar
In an economy shaped by constant shifts, the edge often belongs to those with the right information.
On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.
The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.
With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.
Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19
It is a bi-monthly platform that is open to the public and is held virtually.
Visit www.alphamorganbank to know more.
GTBank Launches Quick Airtime Loan at 2.95%
Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.
In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.
For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.
Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”
Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.
With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank
Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.
About HabariPay
HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:
GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com
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