Nigerian singer, Davido has been accused of issuing a dud cheque to an auto dealer for the purpose of paying the sum of N7.4million as balance for a Mercedes-Benz GLE 450 he recently purchased.
On February 10, Davido issued two Zenith Bank cheques of N10million and N1.4million respectively but the latter, which was to pay a part of the N7.4million was not honored by the bank.
Documents exclusively obtained by SaharaReporters showed that the auto dealer, Mr. Anekwu Chika Valentine of Prestige Autonet Limited, has already contracted a Lagos-law firm to assist him to recover the debt.
A letter of instruction addressed to the law firm of W.K Shittu and Co., stated that the law firm will take 10 per cent of the sum owed by Davido if it is recovered.
It should be noted that giving a dud cheque is a criminal offense punishable by a two-year jail term.