According to Page Six, music executive Devyne Stephens is suing Akon for around $4 million and requested in March 2022 court documents that a judge freeze Akon’s assets in New York. Stephens’ lawyer in the suit, Jeffrey Movit, alleges that Akon City and AKoin are fraudulent. Illustrating how the planned city and its accompanying cryptocurrency could be part of a pyramid scheme, Movit wrote, “Akon has provided almost no transparency about who is investing in Akon City or how it will be purportedly built. Therefore, Akon City is likely a scam.
A piece from Cointelegraph described the Senegalese side of the story and claimed that, as of September 2021, no progress had been made on the construction of Akon City in a year. Those living and working in the area of the planned city are reportedly unhappy about the situation. too. A report from Agence-France Presse, published online by France24, quoted a local who commented, “Compared to everything that was announced, I don’t think we have seen much yet.” Akon City is supposed to be completed in its entirety by 2030.
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An earlier report from The Washington Post discussed how some Senegalese individuals were critical of Akon City for not meeting the needs of those living in the country.
