D’banj has made a statement that is stirring some controversy on social media right now.

An entertainer by his admission, the Koko master reckons all record labels in Nigeria went into extinction after his former Mo’hits group crumbled like a pack of cards.

Few Questions: Didn’t he start his DKM record label years after? Was he throwing shades at his former partner, Don Jazzy who presides over the (arguably) most successful music group in Nigeria at the moment, Mavin Records?

Speaking to journalists during a recent MTV Base media hangout, the 35 year-old reportedly maintained that,  “There is no point fooling one another; record labels in Nigeria died after Mo’Hits. I am saying the truth; there is no record label again.”

He added that “A record label must have distribution channels in place,” he stated.

I think D’banj has just poked a bear and I’m looking forward to reactions from other artistes/record label owners.