Jude Okoye, the elder brother and former manager of the now-defunct P-Square group, has come forward to explain the financial arrangements that existed within the group, following renewed tensions among the famous brothers.
His revelation comes after a series of accusations between the twin brothers, Peter and Paul Okoye, who have had a history of disputes leading to their split.
The P-Square duo, known for their hit songs and international fame, first went their separate ways in 2017 to pursue solo careers. Although they reconciled in November 2021, their reunion was short-lived, with fresh allegations and misunderstandings emerging.
In a recent Instagram Live session, Jude addressed the ongoing issues, particularly Peter’s recent accusation that he was responsible for siphoning millions of dollars from their joint account into a secret company.
Peter also alleged that his brother Paul was behind his arrest by the Economic and Financial Crimes Commission (EFCC), adding fuel to the long-standing feud.
Denying the fraud allegations, Jude described Peter’s claims as twisted and exaggerated. He expressed frustration at being repeatedly dragged into his brothers’ conflicts and felt compelled to clarify the situation.
“Peter twisted it to make it look fraudulent,” Jude stated.
Jude revealed that P-Square’s earnings were divided according to an agreed-upon formula: he received 40%, while Peter and Paul each received 30%. He emphasized that this arrangement was official and agreed upon by all parties.
“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,” Jude explained.
To support his claims, Jude presented a memorandum of understanding (MOU) to the EFCC, showing that they had all agreed on this sharing formula.
The officers reportedly told him, “You’re even more than P-Square,” referring to his 40% share in the group’s earnings.
Jude responded, “Well, I’m not supposed to say it with my mouth, you can see for yourself.”
Jude also discussed the financial scrutiny he faced, particularly questions about how he financed his house in Ikoyi, Lagos. He explained that he sold his house in America and borrowed money from colleagues to fund the construction.
Reflecting on the group’s tumultuous history, Jude revealed that he has not been involved with P-Square for the past eight years, stating, “I have not been with P-Square since 2016.”
He traced the rift between the twins back to 2013, which continued until their official split in 2016. Attempts at reconciliation in 2021 also failed due to unresolved differences.
Jude shared that several prominent Nigerians, including Emeka Offor, the late Ifeanyi Uba, Dantata, Atiku Abubakar, Peter Obi, and other influential figures, had tried to mediate and reconcile the brothers, but all efforts proved unsuccessful.
“Governors, ministers, our village king, etc., have all tried to reconcile P-Square to no avail,” he lamented.