News

Peter Okoye Breaks Silence: Exposes Financial Betrayal in P-Square Feud

Published

1 month ago

August 13, 2024

The ongoing family feud between the Okoye brothers has taken a new turn as Peter Okoye, one half of the famous music duo P-Square, has publicly denied allegations that he reported his twin brother, Paul Okoye, to the Economic and Financial Crimes Commission (EFCC).

In a detailed statement released on his official X account, Peter clarified the circumstances that led to the EFCC’s involvement and addressed accusations made by his brother.

Peter’s statement, which has since sparked widespread reactions, sought to clarify the complexities surrounding the internal strife within the P-Square brand—a brand that has long been considered synonymous with Nigerian music success.

“P-SQUARE is not just a family, it’s a public brand,” Peter began, adding that the public’s interest in their affairs is warranted given the duo’s status.

The controversy centers around the management of the P-Square brand’s finances.

According to Peter, he discovered the existence of a secret company, Northside Music, allegedly founded and operated by their elder brother and former manager, Jude Okoye, and his wife, Ifeoma.

This company, Peter claimed, was siphoning millions of dollars in royalties that rightfully belonged to the P-Square entity, Northside Entertainment.

“I never reported my twin brother Paul to the EFCC,” Peter stated unequivocally, challenging anyone to produce evidence of such a petition.

He insisted that his legal team was instructed to focus solely on Jude and Ifeoma, the directors of Northside Music, and not Paul.

Peter recounted multiple attempts to discuss the issue privately with Paul, but these efforts, according to him, were met with denial and resistance.

The situation escalated when Peter, after being dismissed by Paul, felt compelled to involve the authorities.

“Jude was detained after being questioned. He came clean and admitted he had been diverting millions of dollars of our money to this secret company,” Peter revealed.

The funds, Peter claimed, were laundered through a bureau de change before being split between Jude and Paul, allegedly as part of a debt repayment related to a house sale.

Peter’s statement was also a response to a recent interview in which Paul suggested that Peter had falsely implicated him in the EFCC investigation.

Peter dismissed this as a lie, maintaining that Paul was only questioned as a person of interest due to his financial dealings with Northside Music and was not the target of his complaint.

As the EFCC continues its investigation, Peter promised to release further details, including documents and evidence that would shed light on the full extent of the financial misconduct.

“The story is very long, but I will tell it all in due time,” he concluded, hinting at more revelations to come.

The Okoye family’s public disagreements have cast a shadow over the P-Square brand, raising questions about the future of the group.

For now, fans and observers alike are left to await further developments in a saga that has captivated the entertainment industry and beyond.

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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News

BREAKING: Sowore Released Few Minutes After His Arrest at MMA

Published

2 days ago

September 15, 2024

Temitayo Olukoya

Nigerian activist and former presidential candidate Omoyele Sowore was briefly detained by the Department of State Services (DSS) this morning at Murtala Muhammed International Airport in Lagos upon his return from the United States.

His passport was confiscated as part of a broader crackdown by the government in light of planned protests under the #EndBadGovernance protest. However, after a short period, Sowore was released.

“I have just been released. My passport and everything have been returned to me,” Sowore told reporters after his release.

Sowore had been with his family in the United States.

His flight left the Washington Dulles International Airport at 6.14 EDT and arrived in Lagos at around 9.43 WAT.

More Details Shortly…

News

FG Begins Distribution of CNG Conversion Kits to Ogun Commercial Drivers

Published

2 days ago

September 15, 2024

Temitayo Olukoya

The Presidential Compressed Natural Gas Initiative (P-CNGi) on Saturday began inspection, distribution and installation of CNG kits to commercial motorists in Ogun.

Five hundred CNG cylinders and kits were distributed to three centres in the state.

Speaking at one of the conversion centres in Abeokuta, Olugboyegba Ademehin, the director of Vehicle Inspection Services at the state Ministry of Transportation, said the main concern was to first inspect vehicles fit for conversion.

Mr Ademehin said any vehicle certified okay for conversion would be given a kit for onward conversion.

He said 60 cylinders, comprising 10 units of 75 litres and 50 units of 65 litres cylinder kits, would be distributed at the Ogun Public Works Agency, Agbeloba Centre.

According to him, the 75-litre cylinder can cover up to 150 kilometres of a journey.

He said the centre would cater for other public members in the coming months.

Speaking on safety, Mr Ademehin said the cylinders were moulded and not welded, hence, the thickness, which assured of its strength and fireproof properties.

He said the cylinders, with 60 millimetres thickness, had been certified by the Standards Organisation of Nigeria (SON).

The director said there were two filling stations for the CNG in Abeokuta.

“We, in Ogun state, through the initiative of the governor, have begun conversion before now because we prioritise the cleaner environment, and that is why we have our CNG buses that have been plying the city.

“We didn’t even know that petrol would be this expensive, and CNG is cheap and cost-effective for motorists, and of course, eases transportation costs for the masses,” he said.

Also speaking, Ali, the operations manager of Nigerian Gas and Transport Solutions Ltd., noted that the gas industry was still underutilised in Nigeria.

Mr Manager expressed optimism that the CNG initiative would ensure that the country maximised the potential of natural gas resources.

In his remarks, Ismail Adewale, chairman of the National Union of Transport Workers (NURTW) in Ogun, commended the federal government for the initiative.

(NAN)

Travel

Ethiopian Airlines Expands African Reach with a New Port Sudan Service

Published

6 days ago

September 11, 2024

Samed Olukoya

Ethiopian Airlines is delighted to announce the launch of a daily flight service to Port Sudan, Sudan, commencing on October 15, 2024.

This strategic expansion further strengthens Ethiopian’s commitment to enhancing connectivity across the African continent and beyond, fostering regional socio-economic growth and facilitating trade and tourism.

The new route will provide seamless travel options for passengers traveling between Ethiopia and Sudan, as well as connecting travelers from across the vast Ethiopian Airlines network to this significant Red Sea port city.

The introduction of this service underscores Ethiopian’s dedication to serving the evolving needs of the African market and contributing to the continent’s economic development. By connecting Port Sudan to
its extensive global network, Ethiopian Airlines aims to unlock new opportunities for businesses, travelers, and communities, promoting cross-border collaboration and cultural exchange.

The inaugural flight, ET350, will depart from Addis Ababa at 11:00 and arrive in Port Sudan at 12:15. The return flight, ET 351, will leave Port Sudan at 14:15, arriving back in Addis Ababa at 17:30. Both flights will be operated by the state-of-the-art Boeing 737 Max aircraft, ensuring a comfortable and reliable journey.

“We are pleased to connect our Sudanese brothers and sisters from Port Sudan to Addis Ababa,
and to the rest of the world using our extensive global network,” says Mesfin Tasew, Group CEO of Ethiopian Airlines.

“By introducing daily flights to Port Sudan, we are bridging cultures and economies. This expansion is a testament to our unwavering dedication to serve our continent and its people, driving progress and prosperity through the skies.”

With the inclusion of Port Sudan, Ethiopian Airlines expands its network to 66 destinations within Africa. The inauguration of this new route emphasizes Ethiopian Airlines’ dedication to broadening its presence throughout Africa, while simultaneously enhancing connectivity for both business and leisure travelers.

Port Sudan, a city strategically situated along the Red Sea, acts as an essential center for commerce and economics in the region. This development offers a gateway to the diverse cultural
history and burgeoning economic prospects of Sudan.

Ethiopian Airlines invites passengers to experience the warmth and hospitality of its newest destination, Port Sudan. Book your journey today and be part of the growth story that is Ethiopian Airlines – the New Spirit of Africa.