Akon paid $850k to his former business partner to settle their legal issues.
Devyne Stephens sued Akon over a nearly $4 million lawsuit, claiming that he still owed money from a 2018 settlement agreement.
“This week I fully resolved Devyne Stephens’ court application to freeze my New York assets,” Akon said in a statement via his rep. “Although I have several substantial claims that will be pursued against Stephens in the pending case, I paid him $850,000 – some of which I still challenge – to show the public that he was flat out wrong about any inability to pay the last installment of our prior settlement.”
AKON TALKS SENEGAL
Stephens’ lawyer Jeffrey Movit told Page Six: “We are pleased by Akon’s payment of $850,000 to Mr. Stephens to satisfy one of his outstanding debts.
Akon is currently seeking investors to finance his $6 billion project to transform an oceanfront village of Senegal into a Wakanda-like city. The project would run on a cryptocurrency called “Akoin.”