{"id":47733,"date":"2024-08-18T09:01:57","date_gmt":"2024-08-18T09:01:57","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/i-took-40-of-p-squares-proceeds-while-peter-paul-shared-30-each-jude-okoye\/"},"modified":"2024-08-18T09:01:57","modified_gmt":"2024-08-18T09:01:57","slug":"i-took-40-of-p-squares-proceeds-while-peter-paul-shared-30-each-jude-okoye","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/i-took-40-of-p-squares-proceeds-while-peter-paul-shared-30-each-jude-okoye\/","title":{"rendered":"\u2018I took 40% of P-Square\u2019s proceeds while Peter, Paul shared 30% each\u2019 \u2013 Jude Okoye"},"content":{"rendered":"
\n

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":"

Jude Okoye, the long-time manager of the defunct P-Square group, has revealed the sharing formula of the group proceeds following…<\/p>\n","protected":false},"author":1,"featured_media":47734,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,24270,15,10998,19732,4640],"tags":[695,3593,3701,8,19836,171,12484,180,3781,10999,22990,2325,349,17449,24271,371,1741],"class_list":["post-47733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","category-jude-okoye","category-news","category-p-square","category-paul","category-peter","tag-i","tag-3593","tag-3701","tag-akwa-ibom","tag-each","tag-entertainment","tag-jude","tag-news","tag-okoye","tag-p-square","tag-p-squares","tag-paul","tag-peter","tag-proceeds","tag-shared","tag-took","tag-while"],"yoast_head":"\n\u2018I took 40% of P-Square\u2019s proceeds while Peter, Paul shared 30% each\u2019 \u2013 Jude Okoye - 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