Peter of Psquare has addressed his EFCC filth with his Brother Paul Okoye and it had swerved heated.
Recall that in recent call-out, Peter berated his brother and voiced his disappointment over how he ruined their reputation and lying over him with an alleged money laundering lawsuit.
Taking to his social media handles, he shared a detailed statement of what really transpired between them.
In the statement, he began with addressing fans who tend to have finalised that they often publicise their family matters online, outlining that Psquare is a public figure which is supposed to be discussed online at all dimension.
Diving into the EFCC saga, Peter debunked to have ever reported Paul to the EFCC as he claimed, revealing that the pinnacle of their recent outpour is their elder brother, Jude Okoye.
Expressing further his disappointment, he revealed that he owned a company identified as Northside Entertainment alongside his brother, Paul Okoye, and his elder brother, Jude Okoye. He outlined that the company served and managed all Psquare affairs. However, he was surprised to discover that there was another company with a similar name Northside Music that existed.
Via curiosity, he explored the group to find out that it was owned by his elder brother Jude Okoye and his wife, Ifeoma Okoye. Acting upon his astonishment, he tried to make contact with his brother Paul mutiple times until he responded to his reports with the claim that he knew nothing about the the illegal company. He made it clear that Jude Extorted their royalties for years which didn’t digest well with him.
Debunking further his EFCC filth with his brother, he challenged Paul to provide the petition that portayed him ever filing a lawsuit against him. Addressing further the lawsuit, he continued with the claim that for several years Psquare royalties were extorted by Jude who exchanged the money into naira and transferred them his account. He identified that this was the peak of his anger which thrust him to file a lawsuit against Jude and not his twin brother, Paul Okoye. He added that when he was filing for the lawsuit, he strictly instructed his team not to include Paul’s name in it, revealing further his disappointment.
He also outlined that meeting no end point with his discussion with Paul and Jude, highly pushed him to file a lawsuit against Jude and his wife, who he identified as his suspects.
In the mid-end of his statement, he detailed that Jude was detained, followed by investigation that he pleaded guilty to money laundering. He was found guilty of diverting Psquare royalties to his private company handled by his wife Ifeoma Okoye. He stretched that his Bank Account was frozen as he was held captive until he met the jail term, resulting to his bail. However, investigation is still ongoing.
Speaking further, he voiced that EFCC were able to find out that the money diverted to Jude’s account were immediately shared equally with Paul without his consent every single time. After a decent exploration and questioning, he expressed that they were not betraying him rather, Jude was paying up his debt with Paul.
He finalised that the ordeal is long as he would complete it once investigation is due.
The official statement read:
“Before I tell you the whole story, here is what I need you all to understand.”
“It’s always surprising to me when people say, “P-SQUARE is always bringing their family matters into the public eye.” Let me clarify this. P-SQUARE is not just a family – it’s a public brand, but Peter, Paul, Jude, Anita, Ifeoma, Lola, and the rest of our family members are FAMILY, but P-SQUARE is an entity that belongs to the public as much as it does belong to us. Our fans have played a significant role in our success, so they have the right to know what’s happening with their beloved brand P-SQUARE. That’s why it’s understandable when certain aspects of our lives are shared publicly.”
“Now, let’s get straight to the point. I want to make it clear that I never reported my twin brother PAUL to the EFCC. I know many of you were disappointed when PAUL accused me of doing so. He mentioned that I wrote a petition against him, which he claimed made the EFCC to ask him to provide a surety. This statement suggested that he was detained, which is not true.”
“Peter, Paul and Jude own a management company together called Northside Entertainment, which we use to manage all of P-SQUARE’s affairs. One day, I discovered another company with a similar name, but this one was called Northside Music instead of Northside Entertainment.”
“This surprised me, so I decided to investigate further and guess what? To my shock the founders and directors of this secret company were none other than JUDE Okoye and his wife Ifeoma Okoye and the registered address was the family home of JUDE’s wife.”
“Still in shock, I knew I had to talk to PAUL about it. I approached him multiple times – at least four different times – asking if he knew anything about this secret company and the whereabouts of some of P-SQUARE’s royalties. Each time I met with him, he denied knowing anything about it.”
“I want to set the record straight, I hereby challenge PAUL, or anyone else to show any petition that I, Peter Okoye, ever submitted against my twin brother PAUL or that has PAUL’S name on it.”
“I am still writing this with so much shock because I gave clear instructions to my legal team, with a standing order, that under no circumstances should Paul be included in my petition. Their focus was to remain solely on the primary suspects, Jude Okoye and his wife, Ifeoma Okoye – since they were the directors of this secret company. Northside Music
PAUL’S recent interview about the EFCC incident contains a lot of lies.”
“I watched and listened to Paul’s interview, I was totally speechless and I kept asking myself, how does Paul have the audacity to publicly tell lies like this, even with a respected and reputable agency like the EFCC. He claimed I petitioned him, but that’s not something that ever happened to PAUL. The truth is, this was something that actually happened to JUDE.”
“The real story goes back to the shocking discovery I made, but what really got me very upset was finding out that for years, millions of dollars and hundreds of millions of Naira were being secretly diverted into this secret company’s account Northside Music from our own company, “Northside Entertainment.” This was not just a minor issue – it was a massive betrayal that had been going on for several years.”
“I understand that Paul is angry because I took this matter to the EFCC, and I understand why. However, bearing in mind that I have met Paul and Jude separately and tried to discuss this matter and it yielded me with no positive answer, in fact, the last time I approached Paul the conversation got heated up and he said, and I quote, “Peter, go and do your worst” at this stage I was left with no other choice but to report to the authorities and take legal actions.”
“JUDE was then detained after being questioned. He came clean and admitted he had been diverting millions of dollars of our money to this secret company that he and his wife were the director of. All of JUDE’s bank accounts were immediately frozen. He was eventually released on bail after he managed to provide a surety and met the other bail conditions. Meanwhile, further investigations are still going on up until now.”
“PAUL’S name was never mentioned in the petition because he was never a director of this secret company, unless there is something he is hiding from all of us. PAUL was only invited for questioning just like Jason Njoku of Iroko TV, Amaju Pinnick, and others who had transactional dealings with Northside Music.”
“The EFCC investigation found out that Northside Music had been secretly collecting P-SQUARE’s royalties over the years. These royalty money were sent to a bureau de change, then transferred to JUDE’s personal bank account.”
“A closer look at Jude’s account statement revealed that once the money entered his personal account, there were multiple transactions where he was splitting the funds equally with Paul, without Peter. This naturally led to some questions.”
“After Jude confessed to diverting the funds, he also told the EFCC that the money he had been sending to Paul for several years, wasn’t about sharing money behind Peter’s back, instead, it was money he owed Paul from the sale of their house in America, which he was gradually paying back the loan. This is the reason why Paul has been telling everyone that the EFCC has cleared him, as if I ever wanted him to get into trouble with the EFCC.”
“The story is very long, but I will tell it all in due time. For now, I will stop here until the EFCC sends the final report to my legal team. Once that happens, before heading to the law court, I will make the exact petition that doesn’t include PAUL’s name public. I will also release the EFCC final report, receipts, and other documents related to this secret company, including the CAC registration, bank transactions, and bank statements that JUDE set up with his wife, Ifeoma Okoye. May God help us all.”
“PETER OKOYE.”
Nigerians stormed all the social media platforms and reacted massively via all the social media platforms.
