Mr P Reveals How Money Was Allegedly Siphoned While He Was Still in P-Square

Peter Okoye, popularly known as Mr P and one half of the iconic Nigerian music duo P-Square, has publicly detailed long-standing allegations of financial mismanagement and the siphoning of group funds involving his twin brother Paul Okoye (Rudeboy) and their elder brother and former manager, Jude Okoye.

In a series of videos released in late July and early August 2026, Mr P described years of opacity surrounding royalties, accounts, and management structures. He says these issues left him sidelined even during periods when the group was active or attempting reconciliation. He has framed the matter as a deep betrayal that nearly cost him everything after more than two decades of relative silence in the name of family.

P-Square rose to prominence in the early 2000s as one of Africa’s most successful music acts, with Jude Okoye managing the group for years. The duo first split publicly in 2017 amid personal and business tensions. A much-publicized reunion in November 2021 proved short-lived, and by 2024 Paul Okoye confirmed that the group had ended permanently.

Mr P has alleged that financial control was concentrated in Jude’s hands. According to his accounts and earlier court testimony, earnings from P-Square were directed into accounts for which Jude was the sole or primary signatory. He claimed that during the separation period from 2017 onward, he had little to no access to financial records or backend royalty data.

Central to Mr P’s claims is the registration and use of Northside Music Limited (sometimes linked in reporting to Northside Entertainment). He has stated that Jude registered the company without the full knowledge or consent of the group members and used it to collect and control digital royalties from P-Square’s catalogue. Peter alleged that all group earnings were funnelled into accounts controlled solely by Jude.

In his recent video series (particularly Part 3), Mr P described reviewing account statements and backend data after potential buyers expressed interest in the catalogue. He said discrepancies emerged, including sharply reduced monthly royalty figures—from amounts previously in the thousands of dollars down to hundreds—and the discovery of additional companies or aggregators he had not been fully aware of.

One specific incident he highlighted involved a royalty payment of roughly $25,000 that arrived within a short period around July or September 2017. According to Mr P, the funds were split between Paul and Jude (with amounts such as $5,000 or more directed to Paul and larger sums retained or transferred by Jude) without his knowledge or share at the time. He said he confronted them, viewing it as clear evidence of improper sharing.

He has also claimed he was removed as a signatory on relevant accounts and that proposed revenue-sharing arrangements during the 2021 period—such as 35 percent each for the twins and 30 percent for Jude—did not resolve the underlying control issues. Mr P has repeatedly emphasized that the money itself was secondary to the principle of transparency and accountability: “If the money is not important, why did they steal it from me? It’s pure betrayal.”

Mr P has described the 2021 reunion as “fake,” arguing it was primarily about family reconciliation rather than a genuine musical comeback. He alleged that shortly after the public reconciliation, discussions shifted to new bank accounts, documents, and revenue formulas that continued to favor Jude’s management role, and that Paul later indicated he was no longer interested in continuing P-Square.

These claims sit against the backdrop of an EFCC case. Peter filed a petition that led to Jude Okoye and Northside Music Limited being arraigned on charges involving alleged money laundering of sums including approximately ₦1.3–1.38 billion, over $1 million, and amounts in pounds. The allegations have included the conversion of royalties and the use of funds for property purchases, such as an Ikoyi property valued around ₦850 million. Jude has pleaded not guilty, denied wrongdoing, and maintained that certain funds represented his legitimate share of publishing royalties. Peter has testified for the prosecution, while Paul has publicly defended Jude at points.

Mr P has said that staying silent for over 20 years almost destroyed him. He stresses that family should not mean enduring manipulation, lack of transparency, or financial exclusion. He has positioned his disclosures as necessary for his mental health and accountability rather than a pure money grab, while acknowledging the public scrutiny and criticism that come with airing family matters.

The Okoye brothers’ disputes have deeply affected one of Nigerian music’s most celebrated acts. Fans have expressed heartbreak over the fracture of a group once known for unity and massive commercial success. As of the latest reports in early August 2026, the financial and legal matters remain contested, with Jude denying the core allegations of siphoning or improper diversion. The court process continues, and further responses from Paul or Jude may yet emerge.

These are allegations advanced primarily by Mr P through videos, social media, and court testimony. They have not been fully adjudicated as proven facts, and the other parties have disputed key claims. The story underscores the challenges of blending family, fame, and finances in the entertainment industry.