PSquare Brothers Allegedly in Feud Over Financial Mismanagement
Stella Dimokokorkus reported receiving information from an anonymous source revealing that a company had approached the PSquare brothers to purchase their music catalog. Before the deal could proceed, the company required a detailed statement of the royalties received over the years. This requirement reportedly uncovered financial discrepancies that pointed to mismanagement.
In a detailed post on her Instagram, Stella elaborated on the issue, explaining that the problems began when Peter was approached by the potential buyers. After informing Jude and Paul about the offer, Peter noticed a delay in receiving the necessary financial statements. Suspecting foul play, he started investigating and discovered that their company, Northside Entertainment, had been diverting funds to a new company registered under Jude’s wife, Ifeoma.
The diverted funds, accumulated from royalties dating back to 2007, are alleged to amount to millions of dollars. The Economic and Financial Crimes Commission (EFCC) is reportedly involved in the matter, with all of Jude’s accounts, both domestic and international, being frozen pending further investigation. Jude has allegedly admitted to the fund diversion, while Paul, siding with Jude, has been implicated as an accomplice.
The brothers were reportedly seen at the EFCC office on June 6, 2024, where the atmosphere was tense, and accusations were exchanged. Jude was detained by the EFCC but was released on bail signed by former NFF President Pinnick to celebrate his birthday with his family.
As of now, the PSquare brothers have not publicly confirmed the allegations, and the situation remains speculative. However, the revelations by Stella Dimokokorkus have certainly sparked significant interest and concern among fans and the entertainment community.
