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Alleged N1.3b Fraud: Why I cried out — Peter Okoye

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Nigerian music star, Peter Okoye, also known as Mr P, has spoken again about the alleged betrayal and financial misappropriation by his elder brother and former manager, Jude Okoye, saying it took him over two decades to speak up — and the delay nearly cost him everything.

Just hours after testifying before the Federal High Court in Lagos on Monday, Mr P, in an X statement, shared a deeply personal post about enduring years of silence under the guise of family loyalty.

“Don’t let ‘family’ be the reason you’re drowning in silence. I did — for over 20 years plus. And it almost cost me everything,” Peter wrote. “But now I know better — love doesn’t manipulate, loyalty doesn’t betray, and family does not steal from you. Family that steals and breaks you isn’t family at all.”

The 43-year-old singer continued, “A real family doesn’t drain you, shame you, discriminate against you, or ignore your pain. My sanity matters. My mental health is a priority. If it costs my mental health, then it’s too expensive.”

Don’t let ‘family’ be the reason you’re drowning in silence. I did — for over 20 years plus. And it almost cost me everything. But now I know better — love doesn’t manipulate, loyalty doesn’t betray, and family does not steal from you. Family that steals and breaks you isn’t…

— Mr Psquare (@PeterPsquare) April 15, 2025

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P-Square Royalties, Tampered Records

On Monday, at the Federal High Court in Lagos, Peter alleged that Jude had covertly registered Northside Music Limited to collect and control digital royalties from their group, P-Square, without the knowledge or consent of its members.

Peter, appearing before Justice Alexander Owoeye, said he only discovered the company while investigating royalty discrepancies years after the group’s initial split in 2017. He revealed that the company was registered under Jude’s name and his wife’s — with her holding 80% ownership.

“All our earnings from P-Square were funnelled into accounts controlled solely by Jude,” Peter claimed. “From 2017 to 2021, when we were apart, I had no access to anything. Jude was the only signatory,” he added.

The singer further alleged that backend royalty data had been manipulated, significantly reducing the value of their catalogue. “What used to bring in $8,000 per month was now reduced to about $500. When I asked for financial records, I was told my money was with people in South Africa,” he stated.

According to him, this lack of transparency cost them not just revenue but also business opportunities. “I wasn’t even asking for the money — just access to our data,” Peter explained.

Suspicious of foul play, he consulted lawyer Festus Keyamo, SAN (now Aviation Minister), who suggested a revenue-sharing formula. When that failed, he hired another lawyer, Mr Afolabi, and submitted a petition to the Economic and Financial Crimes Commission (EFCC).

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Northside Music, Property Dealings

One of the charges levelled against Jude and Northside Music Ltd. is the alleged purchase of an Ikoyi property worth ₦850 million, using funds suspected to be proceeds of crime — a violation of the Money Laundering (Prevention and Prohibition) Act, 2022.

Another charge accuses Jude of converting over $1 million through a Bureau De Change, allegedly using Nigerian bank accounts to conceal the origin of the funds. The EFCC claims that Jude’s actions show a pattern of deliberate financial concealment. He has pleaded not guilty to all seven charges.

Peter said he discovered more “red flags” when potential buyers expressed interest in acquiring P-Square’s music catalogue in 2022. The resulting checks revealed tampered backend data, previously hidden transactions, and dual aggregator connections — both for P-Square and Jude’s company.

Peter is expected to be cross-examined when the trial continues on 4 June.

Background

Jude’s legal troubles began after his younger brother, Peter, filed a petition with the EFCC accusing him of mismanaging digital royalties from their former music group, P-Square.

On 26 February, the EFCC alleged that Jude had dishonestly converted funds meant for Peter, including large sums in dollars and pounds from companies like Lex Records Limited, Kobalt Music, and Mtech Limited. These payments were said to be royalties earned from P-Square’s digital music catalogue.

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Jude is now standing trial alongside his company, Northside Music Limited, on a seven-count charge of money laundering. One of the charges alleges that in 2022, he and his company used money suspected to be from illegal sources to purchase a luxury property in Ikoyi, Lagos, worth ₦850 million. The charge states that Jude “did directly acquire a landed property known as No 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos… which money you knew or reasonably ought to have known forms part of proceeds of unlawful act.”

Another charge accuses him of converting $1,019,762.87 through a Bureau De Change and transferring the funds into several Nigerian bank accounts in an effort to hide their true origin. According to the EFCC, this was done “with the aim of disguising or concealing the illicit origin of the funds.”

The EFCC maintains that these actions violate the Money Laundering (Prevention and Prohibition) Act, 2022. Jude has denied all allegations and pleaded not guilty.

The long-running conflict between the Okoye brothers became public again in August 2024 when Paul Okoye, also known as Rudeboy, confirmed that P-Square had split permanently. The group, which began in 1999 and dominated the Nigerian pop scene for over a decade, first parted ways in 2017 before briefly reuniting in 2021. However, that reconciliation was short-lived due to ongoing disputes over royalties and digital rights.

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Lifestyle

SPECIAL TRIBUTE: Celebrating a rare icon, master strategist, and a true Professor of practical politics.

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At 90, Otunba Bushura Adedeji Alebiosu – “Bush of Africa” stands as a living testament to wisdom, resilience, and enduring influence.

His life has been a remarkable journey of service, mentorship, and unwavering commitment to community development and political excellence at the grassroots.

Otunba Alebiosu’s legacy is written not just in years, but in lives touched, leaders raised, and structures built. A bridge between generations, his voice has shaped conversations, guided decisions, and inspired countless individuals to embrace purposeful leadership.

Today, we celebrate not just longevity, but impact. Not just age, but relevance. Not just a man, but an institution.

May your wisdom continue to illuminate paths, and may your legacy remain evergreen.

Happy 90th Birthday, Bush of Africa

E-signed:

Oloye Salami Oluwaseun
Managing Director/CEO
Crosserlough Development Company

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Zaynab Otiti Obanor: The Queen with Uncommon Milk of Kindness Celebrates Birthday with the Needy

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In a world where birthdays are often marked by glittering parties and exclusive guest lists, Zaynab Otiti Obanor chose a different path—one paved with compassion, empathy and an uncommon milk of human kindness.

For Zaynab, philanthropy is not a seasonal obligation or a public relations gesture; it is a way of life. True to her enduring spirit of generosity, she marked her birthday not with chandeliers and champagne, but with open arms and a giving heart—celebrating with the needy, the forgotten and the vulnerable.

From distributing food items and essential supplies to sharing warm embraces and reassuring words, she turned what could have been a private celebration into a communal blessing. For many beneficiaries, her presence was more precious than the gifts she brought. She did not merely give; she connected. She listened. She cared.

Those who know her say this is vintage Zaynab—graceful yet grounded, elegant yet empathetic. A woman who understands that true royalty is not defined by status but by service. In her quiet but impactful way, she continues to demonstrate that the greatest wealth one can possess is a generous spirit.

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Her philosophy has always been clear: to change the world, we must first change our attitude toward giving. And on her special day, she once again proved that kindness, when shared, multiplies.

As she adds another year, Zaynab Otiti Obanor stands tall—not just as a celebrated figure, but as a beacon of hope. A queen, indeed, whose crown shines brightest in the lives she touches.

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President Tinubu at 74: Wale Tinubu Showers Praises, Applauds President’s Courage and Wisdom

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As President Bola Ahmed Tinubu clocks 74 today, tributes have continued to pour in, with Dr. Jubril Adewale Tinubu, CON, leading the chorus of commendation for what he describes as a legacy of courage and far-reaching vision.

In a warm gesture that underscores respect, loyalty, and shared vision, Tinubu, GCE, Oando Group and a prominent figure in Nigeria’s corporate sphere extended heartfelt felicitations to the President, celebrating a life defined by resilience, leadership, and enduring impact on Nigeria’s political and economic landscape.

Dr. Tinubu, praised the President for his steadfast commitment to nation-building, describing him as a visionary leader whose influence has remained pivotal in shaping modern Nigeria. He noted that President Tinubu’s journey—from his days as a pro-democracy advocate to his emergence as the nation’s number one citizen—stands as a testament to courage, tenacity, and strategic foresight.

According to him, the President’s Renewed Hope agenda continues to inspire confidence among stakeholders within and outside the country, as it seeks to reposition Nigeria on the path of sustainable growth and prosperity. He commended Tinubu’s bold reforms and unwavering determination to tackle long-standing structural challenges, emphasizing that true leadership often requires difficult but necessary decisions.

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“Leadership asks for courage, the kind that stands firm when decisions are difficult, and the path is not always applauded. You have taken on that responsibility, making choices that are stabilising our economy and restoring confidence’’ Dr. Tinubu stated.

He further prayed for renewed strength, wisdom, and good health for the President, expressing optimism that the years ahead will usher in even greater accomplishments for both the leader and the nation at large.

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