Eezee Conceptz Global has responded to the recent release of gospel singer Judikay’s financial report on social media, expressing concerns over a breach of the non-disclosure agreement (NDA) and the reputational damage caused by the public disclosure of an unverified audit.
According to the label, the audit was intended to clarify Judikay’s financial standing and determine obligations based on contractual terms.
However, instead of being officially shared for response or clarification, the report was made public, violating confidentiality agreements.
Eezee Conceptz emphasized that the unauthorized publication of the financial details has significantly harmed the label’s reputation.
The company also stated that Judikay’s team should have sought clarification directly with digital platforms rather than allegedly leaking the report online.
The label said it remains committed to transparency and accountability, reiterating its willingness to explain, address, and resolve discrepancies promptly.
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“RE: Judikay financial report posted on social media Eezee Conceptz Global finds it deeply concerning that Judikay’s financial report was shared publicly on social media without prior official communication with us.
“As a company committed to transparency, we willingly provided all necessary bank statements and documents to facilitate the audit process. we had any intention of resisting the audit, access to these records would not have been granted in the first place.
“We fully complied with the audit process, including providing statements from digital service providers (DSPs).
“However, we were neither informed of any discrepancies nor given the opportunity to address them.
Instead, we learned of the accusations through informal channels and eventually saw the report circulating online. Despite requesting the report, it was withheld from us until its public release.
“Key Issues in the Financial Report Shared Online by JUDIKAY
1. YouTube Discrepancies
Artists are paid based on the actual revenue deposited into our bank accounts. It is important to recognize that certain deductions, such as the 30% tax on streams from the USA, can create variances between the amounts reported on YouTube and the actual funds received.
“To clarify such variances, it is
essential to first ascertain streaming data from the USA to determine the tax deductions applied.
“This makes it very important that the audit report should have being shared with us officially, allowing for a collaborative review to verify deductions and clarify the discrepancies.
“Misclassification of Funds as Artist Income Granting access to our bank statements does not imply that all incoming funds are Judikay’s revenue. Proper clarification is vital in such
cases: Mogi Aaron: This client paid for unrelated services, yet these funds were mistakenly classified as Judikay’s income. The client has since raised concerns about their private information being included in the financial report circalating online, which violates privacy agreements. Swipe to see evidence.
“4 Genet Services: This payment was for a concert held in Ghana. All involved parties
were paid, and this transaction is unrelated to Judikay’s streaming income. Its inclusion in the report also breaches confidentiality agreements to our client.
“5. No Data to distribute to Artists:
Other Payments (Viusasa Media, Michelle Towo, etc.): These payments pertain to multiple artists under our label, not exclusively to Judikay. Additionally, these streaming platform data have not been received due to internal issues on their part. We have written them severally with proof of intensive follow-up. However, they are yet to provide it.
“Since JudiKay’s team had concerns, they should have clarified directly by contacting the digital platforms. Because we cannot give multiple artists money to only you.
“We ceased remittances as we were awaiting a financial report from Judikay and needed to conduct an audit of her account too for earning from content and remaining obligations due to the label to base on the contract to determine the financial standing and clarify who owes whom.
“Breach of Non-Disclosure Agreement This audit was binded by a non-disclosure agreement (NDA). However, the report was never communicated to us officially for a response or clarification.
“Instead, it was made public, violating the confidentiality terms and bypassing standard practices of sharing findings with concerned parties for rebuttal.
Impact of Public Disclosure.
“The public release of an unverified financial report without prior communication or consultation has caused significant reputational harm to Eezee Conceptz Global.
“While financial discrepancies can arise, the appropriate course of action is to communicate findings directly for resolution. Regrettably, this was not done. Had Judi Kay’s team reached out, we would have gladly explained addressed and resolved these discrepancies promptly.
“Judi Kay’s team approach to this issue largely implies that there is a greater agenda at play to tarnish the image and reputation EeZee Conceptz and its founder have built over the years.
As an organization, we remain committed to transparency and accountability.”
The caption says: “The report contains significant misclassifications, wrongly attributing payments for other services and artists as Judikay’s income, while exposing sensitive client information.
“This unwarranted disclosure has caused reputational harm, which could have been avoided through direct dialogue. We remain committed to transparency and fairness in resolving these issues.
“We are deeply disappointed by the public release of Judikay’s financial report without prior communication. Eezee Conceptz fully cooperated, providing all required records, yet the findings were withheld from us and shared online, breaching our Non-Disclosure Agreement (NDA). No funds were diverted or misappropriated.”
