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Jude Okoye, the long-time manager of the defunct P-Square group, has revealed the sharing formula of the group proceeds following fraud allegations against him and Paul by Peter.<\/p>\n

He explained that P-Square\u2019s proceeds were shared between him, Peter and Paul.<\/p>\n

He stated that he took 40 per cent while the duo took 30 per cent each.<\/p>\n

Speaking in an Instagram live session on Saturday, Jude Okoye denied the allegations leveled against him by Peter that he diverted P-Square\u2019s royalties worth millions of dollars into a private account.<\/p>\n

He said, \u201cI went to the EFCC office with just Paul. I didn\u2019t 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.<\/p>\n

\u201cThey were like, you\u2019re even more than P-Square. I said I don\u2019t understand what you mean. They said, look, you\u2019re entitled to 40 per cent shares while the duo are entitled to 30 per cent each. I said, well, I\u2019m not supposed to say it with my mouth, you can see for yourself.\u201d<\/p>\n

He said he also presented a memorandum of understanding, MOU, to the anti-graft agency to prove that they all agreed on a sharing formula.<\/p>\n

\u201cThey [EFCC officers] started asking me some irritable questions like where I got the money to build my house in Ikoyi,\u201d Jude recalled. noting that the building was partly financed by selling his house in America and borrowing money from colleagues.<\/p>\n

\u201cI have not been with P-Square for the past eight years, since 2016,\u201d Jude stated, revealing that the rift between the twins began in 2013 and continued until the group officially split in 2016.<\/p>\n

According to Jude, the situation worsened in 2021 when the brothers attempted a reunion, which ultimately failed due to unresolved differences.<\/p>\n

He added that several prominent Nigerians had attempted to reconcile P-Square in the past but failed.<\/p>\n

\u201cEmeka Offor, the late Ifeanyi Uba, Dantata, Atiku, Peter Obi, governors, ministers, our village king, etc have all tried to reconcile Psquare to no avail,\u201d he said.<\/p>\n

\u2018I took 40% of P-Square\u2019s proceeds while Peter, Paul shared 30% each\u2019 \u2013 Jude Okoye<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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