Music duo P-Square, comprising Peter and Paul Okoye, are allegedly embroiled in a bitter dispute over diverted funds, leading to another split.
This shocking revelation comes just two years after their highly-praised reunion, during which they collaborated on new music and embarked on international tours.
Journalist Stella Dimokokorkus disclosed in a recent Instagram post that the twins have allegedly parted ways again. The main source of contention appears to be joint finances, with accusations that their brother Jude Okoye siphoned funds, igniting controversy and strife within the Okoye family.
Dimokokorkus reported that a business expressed interest in purchasing P-Square’s entire discography, including all their songs. However, the terms of the deal led to the uncovering of certain financial secrets. She claimed that Jude was detained by the Economic and Financial Crimes Commission (EFCC) until former Nigeria Football Federation president Amaju Pinnick intervened.
Stella further alleged that Paul was complicit, sharing royalties with Jude and intentionally excluding Peter from the financial transactions.
The message Read:
“The music duo Psquare is at war again and this time, the problems tearing them apart looks like it will be more serious than what broke them up before.. Insiders allege that the brouhaha started when one of the Twins, Peter was approached by a company that wanted to buy the Psquare music catalog comprising all their works over the years..
“The buyers allegedly gave a condition stating that the brothers had to show the (back-end), statement of account of royalties received over the years to enable them to peg a price to what would be paid for the catalog.
“Stella Dimoko Korkus Sources say nah there wahala start! They say that Peter approached Jude and his twin Paul and told them what was proposed but after weeks of waiting for a statement of account, it dawned on Peter that all was not well and sources say he began to investigate what was wrong..
“Northside Entertainment is the company Registered by Peter and Paul but their brother Jude made himself the only signatory to the account. A can of worms opened on all fronts and Peter allegedly discovered that Northside Music ‘ account had been diverting funds to a new company called Northside Music which had Jude’s wife Ifeoma as a director with her family address used for registration…
“The money in contention are Royalties due to the Singers from 2007 till date and running into millions of dollars…
“Insiders squeal that the Economic Crimes and Financial Commission (EFCC) is involved in the matter and Jude has allegedly officially agreed to fund diversion and all his accounts both in Nigeria and internationally have been frozen until further notice….
“Paul in trying to take sides with Jude indicted himself as an accomplice who shares the money that was diverted with Jude..
“The insider squealed that all Royalties have been shared by Jude and Paul, leaving Peter out of the sharing formula….
“They were spotted at the EFCC office on Thursday, June 6, 2024, and the atmosphere was hot with the brothers telling each other to do their worst….
“Jude was in EFCC Detention until his last birthday when former NFF President Pinnick signed his bail bond so he could celebrate his birthday with his family at home.”
