P-Square allegedly split again over diverted funds, EFCC gets involved

Music duo P-Square, Peter and Paul Okoye, are allegedly in a bitter dispute that has caused them to split up again over diverted funds.

This shocking revelation occurred just two years after their much-praised reunion took place, during which they collaborated and dropped a song, and went on international tours.

Journalist Stella Dimokokorkus made some revelations in a recent Instagram post on Saturday, claiming the twin boys were allegedly split again.

The main source of contention seems to be joint finances that their brother Jude Okoye is believed to have siphoned, which sparked a firestorm of controversy and strife within the Okoye family.

Stella Dimokokorkus claims that a business has shown interest in purchasing the singers’ entire discography, which includes every song the Psquare has ever written.

However the terms the business set forth led to the disclosure of certain financial secrets.

Stella continued by claiming that Jude was detained in the custody of the Economic and Financial Crimes Commission (EFCC) until Amaju Pinnick, the former president of the Nigeria Football Federation, intervened.

She argued that Paul was complicit in the affair, claiming that he shared royalties with Jude and that they purposefully left Peter out of the financial transactions.

The message said,

“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.”

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