Peter Okoye told the Federal High Court in Lagos that Jude Okoye secretly registered a new company, Northside Music Limited, in his wife’s name and used it to divert royalties belonging to the defunct music group, P-Square. He claimed that Jude controlled all the money and refused to provide him with backend reports and catalogues for P-Square’s music.
Peter Okoye discovered that Jude had incorporated Northside Music Limited without informing him or his twin brother, Paul.
Jude’s wife owns 80% of the company, while Jude owns 20%.
Peter claimed that Jude refused to provide him with backend reports and catalogues for P-Square’s music, citing lack of access to group accounts.
He discovered that the same aggregators managing P-Square’s catalogue were handling projects for Jude and Paul.
The case has been adjourned to June 4 for cross-examination. Peter Okoye’s testimony provides insight into the financial dealings of P-Square and the alleged mismanagement by Jude Okoye
