A contractual agreement between singer Portable and a car dealer, Temmy Autos, has surfaced online, revealing that the singer owes a significant amount of money for a luxury car.

According to the document, Portable purchased a Mercedes Benz GLE 350 in January 2024 for N27 million, with an initial payment of N12 million. The agreement stipulated that the remaining balance of N15 million was to be paid in installments by February 2024. However, Portable failed to fulfill his payment obligations, leaving a debt of N14 million.

The document reads, “I, BADMUS OKIKIOLA HABEEB (AKA PORTABLE) of the above name and address hereby write this letter of undertaking that I purchase a Mercedes Benz GLE 350 Black colour with CHASIS NUMBER: 4JDA5HB6GA656575 at the rate of Twenty Seven Million Naira Only (N27,000,000.00) which I promise to pay first Payment tomorrow on the 10th of January, 2024, (N12,000,000.00) Second Payment will be on the 24th January, 2024 Five Million naira (N5,000,000.00).

“The third payment will be on 10th of February, 2024 Five Million naira (N5,000,000.00), balance must be paid on the 24th February, 2024 Five million Naira only (N5,000,000.00). Altogether the money is Twenty Seven Million naira Only (27,000,000.00) which I BADMUS OKIKIOLA HABEEB (AKA PORTABLE) agree that the car is very okay by me.

“Failure to comply with all these agreement or failure to fulfill this kind of payment MR. OGUNSANWO TEMITOPE (TEMMY AUTOS) has the power to retrieve the Mercedes Benz GLE back from me BADMUS OKIKIOLA HABEEB (AKA PORTABLE) without any refund,” the document added.

The contract clearly outlines the payment terms and conditions, including the consequences of defaulting on the payments. It appears that Portable deliberately refused to pay the remaining balance, leading to a dispute with the car dealer.

This development sheds light on the circumstances surrounding Portable’s recent arrest and the controversy surrounding his financial dealings.

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