True or False: Wande Coal leaves Mavin Records

Interesting news reaching me is at Wande Coal, aka Black Diamond, has stopped working with Mavin Records although he still preserves DJ Spinall as his official DJ.
The source disclosed that Wande Coal was never even officially signed to Mavin Records but was only working hand-in-hand with the Don Jazzy led record label.
This relationship however is said to have been ended and Wande Coal has fully-floated his record label Black Diamond Entertainment.
This development was confirmed by his latest single Kilaju which dropped yesterday; Don Jazzy never said a word about the song like he does normally with new jams from his Mavin camp.

Wande Coal was made to do all the online promotion himself with no support from the entire Mavin Records gang including their online PRs.
The source also says that the reason Wande did not sign with Mavin when the record label launched was that he strongly believes Mavin Records cannot move his career to the next level and disagreement over sharing of monies with Wande not willing to shift ground on 10% with Mavin asking for 20%.
However, Wande Coal is also still working with his manager, Nana.
On a related note, Wande Coal has never mentioned the word Mavin on any track he has been on