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Nicki Minaj has fired Diddy from his position as her manager.

Nicki reportedly broke the news in a press release today, October 18, stating that Diddy did not meet her standards.

She has replaced Diddy with star-maker Benny Medina, who currently manages mogul Jennifer Lopez, and whose oast clients include Mariah Carey, Gwen Stefani, Brandy and Usher.

She expresses regret over letting Troy Carter go; Carter manages Lady Gaga.

Nicki’s Statement:

“By now, everyone should now that I am really strict when it comes to my representation. I had sympathy for Sean however I feel as if I haven’t gotten the guidance the manager is supposed to give his client. Personally, I feel like I’m being managed by mother. Even if you play the smallest role on my team, I wish to see progress. I’d like to thank him for everything he has done for me; for taking me under his wing. I wish him the best with repping Rick [Ross]. But now that my album is about to drop, its time to get serious and stop playing games. If I could turn back time…I wouldn’t have made the decision to let Troy go.”

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UPDATE: The press release is a fake! Read all about it HERE!

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