The boss of Mavin Records has explained why he did not sign Wizkid and Davido to Mo' Hits, the now-defunct record company.

Don Jazzy and D'banj co-founded Mo' Hits Records in 2006, but the label disbanded in 2012.

Don Jazzy revealed in a podcast conversation with Fisayo Fosudo that he couldn't sign Wizkid because Banky W's EME got to him first.

He claimed it would have been "amazing" if he had signed Wizkid to his label.

“Wizkid, obviously, I could not (sign), because Banky got to him first. That would have been amazing,” he said.

Davido, Falz, Simi, and Teni are among the amazing musicians he wished he could have signed, according to the record label CEO.

He stated that he had the possibility to sign Davido at one point but decided that the 'Assurance' hitmaker "will be fine" on his own.

“There are plenty of artistes I wish I could have signed. I like Simi. I did not sign but I wish I did. I like Teni. I had the opportunity for David, obviously. But I kinda figured that he would be fine,” he added.

“Again, Falz. I love his work. We almost actually had a deal but it did not work out.

“At the end of the day, you cannot sign every artiste. If I see an artiste now that I like, off the top of my head I am thinking (of spending) fifty to a hundred million in one year to actually get to somewhere. There is a lot of work and there are some of the artistes on your roster already."