Sedote Nwachukwu, the organizer behind the Johannesburg Burna Boy concert, has reportedly fled South Africa amidst allegations of embezzling R10 million from his own company.
According to reports, he left the country on the advice of his legal counsel. Sedote, the former CEO of Ternary Media Group, was reportedly spotted at OR Tambo International Airport, where he disclosed his departure.
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This decision comes after his business partner, Gregory Wings, filed a fraud case against him at the Sandton police station, confirmed by Gauteng provincial police spokesperson Brig Brenda Moridili.
In his defense, Sedote denied the accusations and made counterclaims. He alleged that the event sold over 20,000 tickets in total, but Gregory had taken 6,000 out of the 11,000 tickets sold by Ticketpro.
Sedote claimed that Gregory sold and distributed these tickets in nightclubs and on campuses, actions that he was unaware of during his time in South Africa over the past week.
Sedote expressed his initial intention to provide Gregory with a second chance in life after his previous prison sentence for fraud.
However, he stated that he would not have engaged in business with him if he had known about these alleged actions.
Sedote also accused Gregory of being responsible for invoices and all paperwork related to the concert’s promotion, further emphasizing that he was not aware of Gregory’s fraudulent plans.
Sedote concluded by asserting his innocence and highlighting his efforts to question Gregory about ticket sales and fund diversions, which allegedly led to Gregory trying to shift the blame.
He emphasized the significance of proper documentation in such situations.
