Many are those who find themselves currently in financial quagmire following the collapse of several banking institutions across the country.

SpyderLee Entertainment is a subsidiary of the Group Nduom(GN) fleet of companies which signed VGMA award winner and fante rapper TeePhlow some years back.

TeePhlow during a celebrity interview with Amansan Krakye, live in the studio of Radio Central in Cape Coast was asked whether his investment was stuck in the collapsed GN Bank or Gold Coast Securities, he said

"Oh no Amansan, I did not invest the signing-on fee which I got after I signed onto spyderlee entertainment at GN Bank or Gold Coast Securities. It's not true please".

TeePhlow, however went ahead to sympathize with all those who are currently undergoing hardships due to the unfortunate mishaps in the financial sector.

"I want to use this opportunity to express my deepest condolences to all those who have been caught up in this dilemma, it's quite unfortunate".

Lookman Baidoo aka TeePhlow who won VGMA Record of the year in 2018 with his state of the art song was recently in the USA for the Ghana Entertainment Awards 2019.