A Federal High Court sitting in Lagos has ordered a temporary takeover of the famous music label, X3M Music Limited, owned by PR guru Steve Babaeko
The court has appointed a provisional liquidator (a court-sanctioned manager) to seize control of all the label’s properties and bank accounts.
This follows a petition by popular artist Praise Ugbede Adejo “Praiz”, who is seeking to wind up the company over claims of unpaid debts since the inception of his relationship with the label.
Praiz, a R&B musician, was formally signed to the label, and his music career hit the limelight after he finished second runner-up at the maiden season of Project Fame West Africa. He is best known for releasing hit singles such as “Rich and Famous”, “Sisi”, and “I Love You”.
X3M Music also formerly signed Simi and helped develop her artistic talent.
The next step for X3M music management is not yet known. The case is adjourned to March 2026.
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