Jude Okoye asserts that he took home 40% of the PSquare proceeds, leaving 30% for each brother

(Thu) Sep 19, 2024
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Jude Okoye, the former manager and elder brother of the renowned music duo PSquare, has refuted allegations of fraud made by Peter Okoye. He clarified that the group's income was fairly distributed among himself, Peter, and Paul.

During a recent Instagram live session, Jude detailed the sharing arrangement, stating that he received 40 percent of the proceeds, while both Peter and Paul were allocated 30 percent each.

To substantiate his claims, Jude presented documents and a memorandum of understanding (MOU) to the Economic and Financial Crimes Commission (EFCC), highlighting their agreed-upon sharing formula. This documentation aims to clarify any misconceptions regarding the distribution of the group's earnings and to affirm the legitimacy of their financial dealings.

Furthermore, Jude revealed that tensions between the twin brothers began back in 2013, ultimately resulting in the official split of the group in 2016. This ongoing conflict has contributed to a fractured relationship within the once-united trio, impacting both their personal dynamics and professional collaborations.

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″.