Luxury jeweler Michael Kaycee gives Davido seven day ultimatum to pay his debt or risk getting dragged to court.
The same man had earlier accused Davido for now paying his debt to him just after he bought a Porsche for his girlfriend on her birthday.
According to Kaycee the failed business transaction happened in 2011 when Davido made away with his goods and refused to pay for it.
Davido had since ignored all the accusations and moved on with his life.
However, the jeweler has made it public that his life is being threatened by Davido and his lawyers has taken a legal step towards recovering his money.
Kaycee alleged that Davido owes him N60million and demands his money be paid within seven days on receipt of the legal letter he had his lawyers send to him on May 21.
Failure to adhere to the instructions of the letter will force the victim to take legal action.
This is a copy of letter of demand sent by my team of lawyers working round the clock to ensure i get my money back from Mr. David Adeldeji Adeleke. I needed to go legal to prove to everyone that my claim of 120,000 £ ( 60million) against Davido is for real and at the appropriate time we would go to court of law for judgement. Please, be patient with me even though my life is now in Davido's✋. Thank you all I know justice will be seen been done in this case.