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(AllHipHop News) G-Unit rapper Lloyd Banks is in the process of being released from a Canadian jail, after being accused of assaulting a promoter this weekend.

Sources told AllHipHop.com that Lloyd Banks will be released on $50,000 bail, for his role in an assault on booking agent Chris Hines of Chris Hines/Ultimate Entertainment.

Banks is currently being transferred to the Maple Hurst Correctional Complex, where he will be held in protective custody until his ultimate release.

The Queens, New York rapper and three associates are being charged with assaulting Hines during a monetary dispute on Friday (January 9).

Hines and Banks were involved in a dispute over the rapper’s performance fee, Sgt. Brad Finucan said.

Police said the fight started at Club NV, where Banks performed.

The altercation continued to a Kitchener hotel where Banks, 27 along with cohorts Tyrell Cooper, 24, Nicklas Sloane, 25, and Shaun McGee, 31, beat Hines and held him against his will, for almost an hour.

Banks, born Christopher Lloyd, along the three other men are each charged with forcible confinement, aggravated assault and robbery.