Former P-Square member Peter Okoye (Mr. P) has testified in court regarding the ongoing ₦1.3 billion fraud case against his elder brother and former manager, Jude Okoye. The case, brought forward by the Economic and Financial Crimes Commission (EFCC), is based on a petition filed by Peter himself.
During his testimony, Peter detailed how their fallout began. According to him, the issues started when Jude allegedly registered a separate company to collect royalties from P-Square’s music, without his or Paul’s (his twin brother) consent.
“P-Square began in 1997/98. We split in 2017 for over five years and reunited in 2021,” Peter stated.
He went on to explain that Jude, as their manager under Northside Entertainment Ltd, had sole signatory rights to all their major bank accounts — a move that often left Peter without access to funds for months.
Peter cited multiple incidents, including one during the construction of their Ikoyi homes where only Jude could release funds, and at some point, Peter’s home project was halted for six months. When questioned, Jude allegedly told Peter, “As you leave P-Square, you leave the money.”
In 2022, when potential buyers expressed interest in P-Square’s music catalog, Peter requested access to their royalty backend and financial statements but was consistently denied. Even his twin brother Paul claimed ignorance and gave little help in resolving the matter.
Peter eventually discovered the existence of a similar-sounding company, Northside Music Ltd, with Jude and his wife listed as directors — Jude owning 20%, and his wife 80%.
Further probing revealed that the same music aggregators managing P-Square’s royalties were also managing Jude’s company. Peter alleged that when he was finally given access to the catalog, the backend data had been altered, drastically affecting its value. An initial $8,000 offer reportedly dropped to just $500 due to the discrepancies.
Peter noted he eventually received $22,000 through a new company, Mad Solutions, after transferring the catalog. However, Jude and Paul allegedly received payments from the same without his knowledge.
After exhausting internal attempts to resolve the issue, Peter consulted his lawyer and submitted a formal petition to the EFCC, which led to the current legal proceedings.
The case has been adjourned until June 4, when Peter will face cross-examination.
