In a shocking revelation, Jude Okoye, former manager of P-Square, has disclosed the group’s proceeds sharing formula, amid allegations of fraud by Peter.
Jude denied diverting millions of dollars in royalties into a private account, as alleged by Peter, during an Instagram live session.
Jude claimed to have presented documents, including a memorandum of understanding, to the EFCC to prove the agreed sharing formula.
Jude revealed that he took 40% of the group’s proceeds, while Peter and Paul took 30% each, according to the EFCC officer’s statement.
Jude revealed that the rift between Peter and Paul began in 2013 and continued until the group’s official split in 2016.
Jude stated that several prominent Nigerians, including Emeka Offor and Peter Obi, had attempted to reconcile P-Square but failed.
Jude was asked about his house in Ikoyi, which he said was partly financed by selling his American house and borrowing from colleagues.
Jude clarified that he has not been with P-Square for eight years, since 2016.
