By Adedapo Adesanya
Former P-Square manager, Mr Jude Okoye, has dismissed fresh allegations by his younger brother, Peter Okoye, professionally known as Mr P, insisting he never diverted the group’s earnings.
His response comes after Mr P claimed that the proposed sale of the defunct group’s multi-billion Naira music catalogue collapsed due to financial irregularities, including disputes over royalty payments, backend records and access to the group’s digital assets.
The music executive described the allegations as “blatant lies” and “manipulative tactics,” arguing that the issues raised by Mr P had already been investigated by the Economic and Financial Crimes Commission (EFCC) and are currently before the Federal High Court in Lagos.
“So, what is he doing, coming out again now, if not to spill emotional blackmail, manipulate, and make me look like a bad person by dragging Paul into this?” he said.
Responding to allegations that he diverted royalty payments, Mr Okoye said the disputed funds were distributed based on instructions contained in a June 1, 2016, email from Arrow Kings and IROKO.
According to him, the correspondence directed that Mr P receive $12,891, while $25,782 meant for Jude and Paul be paid into the Nosa Entertainment account.
He argued that Mr P presented only part of the transaction publicly, creating the impression that he and Paul had appropriated funds belonging to the entire group.
Jude also rejected claims that his younger brother was excluded from the group’s bank accounts.
Displaying what he said were account mandate documents from FCMB, he maintained that Peter, Paul and himself were all authorised signatories to P-Square’s accounts, disputing claims made by Peter.
He further claimed the matter was addressed during court proceedings, where…
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