Over the past two days, there have been online rumours that the Mavin camp was going to ditch MTN for the Mike Adenuga led GLO.

The unconfirmed reports hinted that the entire roster of artistes on the Mavin Records imprint were going to sign endorsement deals with GLO, and ditch MTN.

The label's boss CEO shut down these rumours by extending his MTN deal yesterday. The seasoned hit maker shared a picture of him signing the renewal contract alongside Paul Okoye of Upfront Bookings.

"Contract renewed. 3rd year and counting. Na #Godwin. Thanks to u guys, cos if I don't have u dem no go dey sign me. #MTN #SMD" wrote Don Jazzy on Instagram yesterday, May 12, 2015.

Yesterday, Triple MG act Iyanya renewed his endorsement deal with MTN.