The former manager of PSquare, Jude Okoye, has refuted claims of fraud made by Peter Okoye, claiming that he, Peter, and Paul shared in the group’s earnings.
Jude clarified that while Peter and Paul each earned thirty percent of the shares, he received forty percent.
Jude provided the EFCC with documentation and a memorandum of understanding (MOU) during an Instagram live session to demonstrate their agreed-upon sharing formula.
Additionally, he disclosed that the twins’ disagreement started in 2013 and resulted in the group’s formal breakup in 2016.
He stressed that he hasn’t worked with P-Square since 2016 and made it clear that he didn’t get his money from P-Square royalties; rather, he got it by selling his American home and taking out loans from business associates.
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.
“They [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″.
Jude mentioned that several prominent Nigerians, including Emeka Offor, Ifeanyi Uba, Dantata, Atiku, Peter Obi, and Governors, have attempted to reconcile P-Square but failed.
