It has been two months since the Burna Boy concert, that was meant to take place in Durban, Cape Town and Johannesburg was cancelled. US businessman and investor, Gregory Wings who poured millions of rands towards the concert but was allegedly defrauded by Ternary Media Group's CEO, Sedote Nwachukwu, has been cleared of all criminal charges and is now ready to take on those who are responsible for the mess.
WANTED
Yesterday, Gregory appeared at the Alexandra Magistrates Court where he was cleared of all the charges. Currently, the Nigerian-American-based, businessman Nwachukwu is wanted by Sandton police, Midrand police and Interpol on charges of fraud. After reports of service providers were not paid, Ticketpro cancelled the concert and Sedote was reported to have fled the country. A case of fraud was opened by Wings against Sedote, who according to a source, has suffered great financial loss from the partnership. "Sedote tricked Gregory into funding the concert. Gregory gave him the money thinking he would get a return on investment, but instead, his money was stolen," a source told ZiMoja. "Sedote said he would make him a partner for the project. He was just a funder, he stole R9.1 million from Ticketpro. He owes Gregory 1.6 million US Dollars, not Rands."
SUING TICKET PRO
Gregory is in the process of suing Ticketpro, First National Bank and PR companies Cake Media owned by Thabiso Tshabalala, and Khanya PR owned by Helga Klizanie for defamation, extortion and loss of income while his accounts were frozen. Gregory's lawyer, David Modise said, "This is true. My client has begun the process of suing Ticketpro, Cale Media, Khanya PR and FNB. This entire experience has been very traumatic for my client and he wishes for justice to take its course."
THE BIGGER PICTURE
Not going too much into detail, Gregory says he is not planning on leaving Africa anytime soon. "This case just held me back financially. Now that it is over, I've ventured into what I do best- construction. I've started an initiative called BAHIA - Building Affordable Housing in Africa," he says. "I did not come here to be embroiled in fraud cases, all I wanted was to support black businesses and help uplift each other but people took advantage of my kindness. My only goal with my case right now is to get my money back and make sure what happened to me, doesn't happen to anyone else."
