PaulO addresses Spyro’s claim that he never made money while signed to the show promoter’s record label

Paul Okoye aka PaulO has addressed singer, Spyro’s claim that he never made money while signed to the show promoter’s record label.

In a fresh interview he granted, Spyro claimed he was signed to a record label owned by Paulo who owned three Rolls Royce but that he didn’t make a dime in the two years he was signed to the label. 

He claimed that he had to borrow money from Paulo if he needed to do anything. He stated that PaulO is a kind man but doesn’t understand the business of managing a record label. 

PaulO has now reacted to the claim. He shared a spreadsheet showing payments made on Spyro’s behalf while the singer was signed to his record label and stated that he spent a total of N12 million on Spyro but never made any return from investing in the singer.