In a recent statement released by Mr. Iheanyinchukwu Sedote Nwachukwu, CEO of Ternary Media Group LLC (USA), he responds emphatically to allegations of fraud and mismanagement surrounding the Burna Boy concert organized by his company. Mr. Nwachukwu, a seasoned businessman in the entertainment industry, addresses the false and defamatory accusations with transparency and determination.
Clearing the Air
Mr. Nwachukwu acknowledges the unfortunate association with Mr. Gregory Wings, who was introduced to him leading up to the Burna Boy event. Despite Mr. Wings being a convicted criminal in the USA, Mr. Nwachukwu, believing in second chances, appointed him as the Chief Financial Officer (CFO) of TMG USA.
Unveiling Deceptive Actions
However, the CEO was unaware of Mr. Wings’ illicit actions, including the creation of a similar entity, Ternary Media Group Africa (Pty) Ltd, in South Africa. Mr. Wings diverted funds due to TMG USA to this unauthorized entity, leading to financial discrepancies.
Taking Legal Action
Mr. Nwachukwu has initiated legal proceedings to address the fraudulent activities committed by Mr. Wings. This includes the diversion of ticket sales and unauthorized charges against TMG USA’s bank account. The CEO, backed by his legal representation from RAMS Attorneys, is determined to recover the misappropriated funds and hold Mr. Wings accountable for his actions.
Standing Strong Against False Claims
Mr. Nwachukwu vehemently denies the false claims made by Mr. Wings, including allegations of personal misconduct and the diversion of funds for personal use. He asserts that Mr. Wings’ attempts to tarnish his reputation are baseless and fueled by personal vendettas.
A Message of Empowerment
Despite the challenges, Mr. Nwachukwu remains resolute in defending his integrity and business practices. He urges the public to be aware of the truth, emphasizing his commitment to cooperation with the South African Police Service (SAPS) to address the situation comprehensively.
In the face of adversity, Mr. Nwachukwu’s empowering response underscores his dedication to transparency, justice, and the continued success of Ternary Media Group LLC (USA). The legal proceedings initiated reflect a commitment to rectify the situation, ensuring accountability and restoring the company’s reputation.