Peter Okoye has released Part 7 of his ongoing series detailing alleged financial misappropriation that led to the breakdown of P-Square and his dispute with elder brother, Jude Okoye. In the latest video, Peter claimed documents reviewed during the EFCC investigation showed large sums of money were allegedly transferred from Northside Entertainment accounts into Jude and Paul's personal accounts, while he received significantly less despite the trio allegedly agreeing to share earnings equally.
Allegations of Unequal Earnings
According to Peter, the documents revealed that while he received a smaller share, his brothers allegedly benefited from substantial transfers. He emphasized that the agreement among the trio was to share earnings equally, but the records suggest otherwise. Peter expressed frustration, stating, "Even if you were taking from me, you should have at least been nice to me. Instead, you wanted to bring me down."
Unregistered Company Claims
Peter also alleged that Cynthia Morgan was signed to an unregistered company, Northside Music, in 2013, claiming the company was only officially registered two years later. According to Peter, this arrangement was used to divert music royalties without his knowledge. He believes this was a deliberate strategy to hide revenue streams from him.
EFCC Investigation Findings
The singer further alleged that the ongoing investigation uncovered several financial transactions and company records which he believes support his claims. The EFCC's involvement suggests that the matter has escalated beyond personal disputes, potentially involving legal scrutiny. Peter's series of allegations has been widely followed, with fans and industry observers keenly watching developments.
Impact on P-Square Legacy
The dispute has cast a shadow over P-Square's legacy, one of Africa's most successful music groups. The brothers, known for hits like "Personally" and "Do Me," have seen their brand affected by the public feud. Peter's allegations, if proven, could have significant implications for the group's finances and reputation.
As the investigation continues, the public awaits further revelations. Peter has promised to release more parts, suggesting that the full extent of the alleged misappropriation may yet be uncovered. The saga highlights the complexities of family-run businesses and the importance of transparent financial management.
