Former manager and elder brother of the legendary music duo, PSquare, Jude Okoye has denied allegations of fraud reportedly by Peter Okoye, stating that the group’s income were shared among him, Peter and Paul.
During a recent Instagram live session, Jude explained that he received 40 percent of the shares, while Peter and Paul got 30 percent each
He shared documents and a memorandum of understanding (MOU) to support his statement with the EFCC to prove their agreed-upon sharing formula.
Jude added that the bad blood between the twins began in 2013 and led to the group’s official split in 2016.
He said:
“I went to the EFCC office with just Paul. I didn’t go with my lawyer. I gave them all the documents, an officer looked at it and asked if Peter signed. I pointed at his signature for him. I showed him the CAC certificates used in opening both Square Records and Northside Entertainment.
“They were like, you’re even more than P-Square. I said I don’t understand what you mean. They said, look, you’re entitled to 40 per cent shares while the duo are entitled to 30 per cent each. I said, well, I’m not supposed to say it with my mouth, you can see for yourself.
“EFCC officers started asking me some irritable questions like where I got the money to build my house in Ikoyi,” Jude recalled. noting that the building was partly financed by selling his house in America and borrowing money from colleagues.
“I have not been with P-Square for the past eight years, since 2016,” Jude stated, revealing that the rift between the twins began in 2013 and continued until the group officially split in 2016″.
