This is according to PulseNG, they are claiming that there have been bad blood between Ubi Franklin and Iyanya ever since Nollywood actress, Lilian Esoro came into the picture.
Iyanya was said to not be in support of the marriage because he did not like the idea of the his ‘padi’ marrying Lilian Esoro which he feels is seriously affecting the business.
It was also disclosed that, Iyanya’s announcement is the culmination of a long period of incessant fighting and clash of decisions. Ubi and Iyanya have been at loggerheads over finances and a lot of other key decisions on the running of the label. In 2015, the label had to let go two artistes, Emma Nyra and Baci, which according to sources, did not go down well with Iyanya. Baci, most especially had a special bond with Iyanya, a friendship that had been honed over several years. Financial mismanagement issues also formed a huge part of this disagreement, as Iyanya and Ubi have long not seen eye to eye over the remittance of booking and appearance fees.
For the meantime, the active management of the record label has been shifted to Paul, a staff of the record label, who now handles day-to-day management of the record label, and also is directly involved with booking fees and performances.