Music duo P-Square reportedly splits again over missing funds, EFCC now involved

P-Square, Peter and Paul Okoye, are reportedly embroiled in a nasty feud that has prompted them to part ways again over diverted funds.

This unexpected announcement came barely two years after their well hailed reunion, during which they collaborated, released a song, and went on international tours.

Journalist Stella Dimokokorkus revealed some details in a recent Instagram post on Saturday, suggesting the twins have broken up again.

The major point of dispute appears to be joint funds that their brother Jude Okoye is said to have plundered, sparking a whirlwind of scandal and friction inside the Okoye family.

Stella Dimokokorkus alleges that a company has expressed an interest in acquiring the singers’ complete record, which includes every song Psquare has ever composed and recorded.

However, the business’s conditions resulted in the revelation of certain financial secrets.

Stella went on to allege that Jude was held by the Economic and Financial Crimes Commission (EFCC) until Amaju Pinnick, former head of the Nigeria Football Federation, intervened.

She said that Paul was involved in the affair, that he split royalties with Jude, and that they purposely excluded Peter from the financial dealings.

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.”