Jude Okoye, the former manager of PSquare, has refuted claims of fraud made by Peter Okoye, claiming that the group’s revenues were split between him, Peter, and Paul.
Jude revealed that he received 40% of the shares, whereas Peter and Paul received 30% apiece.
During an Instagram live session, Jude exchanged papers and a memorandum of understanding (MOU) with the EFCC to demonstrate the agreed-upon sharing formula.
He also revealed that the feud between the twins began in 2013 and resulted in the group’s official breakup in 2016.
He stressed that he has not been active with P-Square since 2016, and clarified that his riches comes from selling his American house and borrowing from colleagues, rather than diverting P-Square’s royalties.
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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″.
