Jude Okoye, the long-time manager of the now-defunct Nigerian music group P-Square, disclosed the financial sharing formula that was in place during the group's active years. According to Jude, he received 40% of the group's proceeds, while the twin brothers, Peter and Paul Okoye, each took 30%.
This disclosure comes in the wake of fraud allegations made by Peter against Jude and Paul.
Peter accused Jude of diverting millions of dollars in royalties into a private account.
Addressing these allegations during an Instagram live session on Saturday, Jude vehemently denied any wrongdoing. He stated, “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.”
To further substantiate his claims, Jude presented various documents, including a memorandum of understanding (MOU) and Corporate Affairs Commission (CAC) certificates used in opening both Square Records and Northside Entertainment.
He recounted, “They [EFCC officers] started asking me some irritable questions like where I got the money to build my house in Ikoyi,” explaining that the building was partly financed by selling his house in America and borrowing money from colleagues.
Jude also shed light on the timeline of the group's internal conflicts.
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