The music duo Psquare is at war again and this time, the problems tearing them apart looks like it will be more serious than what broke them up before.
Allegations are that the brouhaha started when one of the twins, Peter was approached by a company that wanted to buy Psquare music catelogue comprising all their works over the years.
The buyers allegedly gave a condition stating that the brothers had to show the (back-end), statement of account of royalties received over the years to enable them peg a price to what would be paid for the catelogue.
Then, Peter was said to have approached Jude and his twin brother, Paul and told them what was proposed but after weeks of waiting for statement of account, it dawned on Peter that all was not well and sources revealed that he began to investigate what was wrong.
Northside entertainment is the company registered by Peter and Paul but their brother Jude made himself the only signatory to the account.
A can of worms opened on all fronts and Peter allegedly discovered that Northside music ‘ account had been diverting funds to a new company called Northside music which had Jude’s wife Ifeoma as a director with her family address used for registration!
“The money in contention is royalties accrued by PSquare from 2007 till date and running into millions of dollars.
Sources close to the family revealed that the Economic Crimes and Financial Commission (EFCC) is involved in the matter and Jude has allegedly agreed to fund diversion.
Meanwhile, all his accounts— both in Nigeria and abroad—have been frozen until further notice.
Paul in trying to take sides with Jude indicted himself as an accomplice who shared the diverted money with Jude.
The insider squealed that all royalties have been shared by Jude and Paul, leaving Peter out in the cold.
However, the duo and Jude were spotted at the EFCC office on Thursday June 6, 2024 and the atmosphere was tensed; the brothers were heard telling each other ‘to do their worst.’
Jude was said to have been detained by the EFCC until his last birthday when former NFF President, Pinnick signed his bail bond so he could celebrate his birthday with his family at home.
Culled: StellaDimokoKorkus