Naeto C accused of allegedly defrauding Abuja-based outfit of N400,000

Abuja-based outfit, F.B.S Entertainment, is accusing the Kini Big Deal hit-maker, Naeto C, of allegedly collecting a total of N400,000 as deposit, following an agreement that he was going to perform at their show, which was scheduled to hold at Cubicle Arena, Maitama Garden, Maitama on the 18th of July, 2012. Super C as he is fondly called, allegedly defaulted in performing as agreed and also failed to pay back the Four Hundred Thousand Naira (N400,000.00).

Official Press Release Below:
REPORT OF FRAUDULENT OBTAINMENT OF MONEY BY MR NAETO CHIKWE
We write to report the case of obtainment by false pretense committed against our enterprise Fine Boy Swag Entertainment (herein referred to as “Our Company”) by Mr. NAETO CHIKWE.
(A musician by profession who is popularly known as “NAETO C” also herein referred to as “NAETO C”.)
We would like to state that we had discussions with NAETO C over a contract to perform at the show which was scheduled to hold at Cubicle Arena, Maitama Garden, Maitama on 18th of July 2012 by 5:00pm in Abuja, Federal Republic of Nigeria and he agreed to perform at the show.
Our agreement is detailed in a one page contract agreement dated 14th July, 2012 and signed by NAETO C and our enterprise.

Consequently, and as agreed upon discussions with NAETO C, Our Company paid a deposit in the sum of Four hundred thousand Naira (N400, 000.00) into NAETO C’s Guaranty Trust Bank (GTB) Account with the account details as follows Account Name: Naeto Chikwe. Acct Number: 01157******.
NAETO C defaulted in performing as agreed in the contract signed, and also failed to pay back the money paid in respect of the contract four hundred thousand Naira (N400,000.00) being the deposit paid in respect of the contract.
His actions as stated above apart from being a breach have also constituted an obtainment by false pretense which constitutes an offence under the laws of the Federal Republic of Nigeria.
We hereby write to inform the general public of the activities constituting a betrayal of trust and serious criminal offence which should be accorded attention by all concerned.
NAETO C’s actions have made Our Company to suffer damages, which among others include loss of good image, business goodwill and withdrawal of contract deals by clients as many clients now see Our Client as being unreliable.