It is obvious that Davido’s love for his DMW family has taken him miles away from HKN Music, a label he helped build.

All business decisions show that anything outside DMW is secondary to OBO who recently signed rapper, Sauce Kid aka Sinzu to its stable joining the likes of Mayorkun, Dremo, Peruzzi, Fresh and Idowest.

Davido’s cousin and also singer Sina Rambo has now confirmed that indeed, Davido no longer holds any shares in HKN Music.

“HKN is owned by Chairman HKN right now, I mean HKN is family, Davido was part of the family but he always wanted to start his own personal label and develop talents from root.


“Davido is like any big artiste who is going to have many ventures but as far as HKN is concerned, he just doesn't have any shares anymore, but it's family,” he said in a recent interview with Raro Lae.

How does this feel for him starting a journey with Davido upon their return to the country in 2010 but is still far behind the 30 Billion gang and DMW boss?

“I just believe when God says it’s your time, it’s your time. For years I have been supporting my cousin... but as far as standing alone and pushing my project was the dream... and I feel like this is the best time for me.”

Sina Rambo confirmed that he is still under HKN, but now also runs his own indie imprint, Naija Boy Yankee Swag (NBYS), and already signed his first artiste, K-Slim.

HKN is now owned by a third partner and another member of the family, Adewale Adeleke.

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