Rapper Lil Wayne has fired off a lawsuit against his former booking agents, accusing them of holding back $375,000 in tour profits.

The 'Lollipop' hitmaker and his company Young Money Touring Inc. allege the owners of Ujaama Talent Agency Inc., Erskine Isaac and David Nelson, owe him money from two of his America's Most Wanted Music Festivals in 2009, reports contactmusic.com.

The complaint claims Isaac and Nelson 'elected to divert to Ujaama's own bank account an amount not less than $375,000, the sum that Isaac and Nelson maintain is owed to Ujaama for the tours in question'.

Wayne has employed the firm's services since the start of his career and participated in four different tours with Ujaama from 2008 to 2010, according to the suit filed in the Supreme Court of the state of New York Aug 16.

The rapper's lawyer asked the pair for the money before filing the suit but they refused to hand it over.

Wayne is currently serving time at New York's Rikers Island jail on weapons possession charges and is due for release later this year.