Police arraigned Dammy Krane, 27, on three charges of threat to life, defamation and conduct likely to cause a breach of the peace.
He, however, pleaded not guilty.
The Prosecutor, Insp. J. I. Enang told the court that the defendant committed the offences with others still at large on July 29 in Lagos.
Enang said the defendant posted a video on the internet accusing the sport betting company of owing him.
He alleged that the defendant attended a game show sponsored by the company, but lost.
“The defendant, however, demanded some money for appearing on the show, the firm disagreed, insisting that the sum was only for the winners.
“The musician subsequently breached a contractual agreement with the firm.
“He also conducted himself in a manner likely to cause breach of the peace by posting audio and a video message,” Enang said.
According to the prosecutor, the offences contravened Sections 168 (d), 301 and 411 of the Criminal Law of Lagos State, 2015.
Counsel to the defendant, Mr Adebayo Oniyelu, urged the court to grant his client bail on liberal terms.
“We humbly apply for the bail of the defendant. Section 35 (5) states that an accused person is presumed innocent until proven guilty.
“He is a popular musician, if granted bail, he will not jump bail, meanwhile he has been in police custody since September 13,” Oniyelu added.
The Magistrate, Mrs Folashade Botoku, granted the defendant bail in the sum of N50, 000 with one surety in like sum.
Botoku adjourned the case until October 11 for mention.