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Alleged N1.3b fraud: Peter Okoye gives evidence against brother

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The trial of the former Manager of P-Square group, Jude Okoye, on the alleged money laundering to the tune of N1.38 billion, $1 million, and £34,537.59, yesterday, witnessed the testimony of his younger brother, Peter Okoye, before a Federal High Court in Lagos. He is standing trial alongside his company, Northside Music Limited, on a seven-count charge. 

 

Jude is being tried before the court presided by Justice Alexander Owoeye’s Court, by the Economic and Financial Crimes Commission (EFCC). He is being tried on the petition written to the commission by his brother, Peter.

 

Led in evidence by Aso Larry, the prosecutor, Peter told the court how his brother, Jude, incorporated another company to collect their royalties.

He said: “Sometimes in 2017, the group, P-square, disbanded. We were apart for nearly five years. In November 2021, the group came back.

 

“P-Square started in 1997-98. Before Jude became our manager, we had several managers, including Chioma Ugochi. She managed us when we were in secondary school and at university. We also had the late Bayo Odusami, who managed us for five years. After that, my twin brother and I managed ourselves for a couple of months before we decided that Jude should manage us and Northside Entertainment Ltd.

 

“So, we continued running our business, and sometimes we started having issues with how he ran the business. The issues were mainly on how he was the sole signatory to all our bank accounts in Ecobank, Zenith and FCMB.”

 

According to him, that continued until Mr. Festus Keyamo, now the Minister of Aviation, who was their lawyer, came up with a sharing formula. He pointed out a scenario when we were building our houses in Ikoyi, it was only the defendant that could sign out money. E noted that the financing of the house project was by Northwest Entertainment Ltd, which stopped financing the project for six months.

 

“When we came back, after six months, I approached the defendant and my twin brother, Paul, and asked why they stopped financing my project. They said, ‘As you leave P-square, you leave the money’. With that comment, I approached our lawyer, Keyamo.

 

According to him, after the group reunited and Jude was no longer the manager, he discovered a similar company, Northside Music Limited, and in 2022, he asked for access to the backend after people reached out to inquire about their statement of account to know how much the album generated, but was denied access by the defendant.

 

Peter further told the court that, based on the defendant’s response, he knew that something was going on. According to him, he then asked the accounts officers in both Eco Bank and Zenith Bank, who did not give satisfactory answers and was later told by the Zenith account officer that Jude asked not to give it to Peter.

 

Peter, in his evidence, further told the court that Jude and his twin brother, Paul, later gave the catalogue to Mad Solution, who paid over $22,000 to him after three months of signing.

 

He also told the court how he went to the Corporate Affairs Commission (CAC) site, where he discovered that the Director of Northside Music was Jude Okoye and his wife, adding that he also discovered that Jude’s wife owns 80 per cent while Jude owned 20 per cent.

 

 

 

-Guardian

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Davido breaks silence after Grammy Award loss

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Five-time Grammy nominee, David Adeleke, popularly known as Davido, has reacted after losing the Best African Music Performance category at the 68th Grammy Awards held in Los Angeles, United States.

 

The Afrobeats star shared a message of faith and resilience following the outcome of the ceremony, which took place on Sunday night at the Crypto.com Arena in California.

In a post on his Instagram page, Davido shared photos with his wife, Chioma, from the event and wrote, “Oluwa Dey my side,” alongside prayer and music emojis.
Hours later, he posted another set of pictures of himself and Chioma at the Grammys, reflecting on the loss in a longer caption.

“I said baby listen we lost again let’s not go ! she said ‘Be humble in victory and gracious in defeat’ we outside,” he wrote.
Chioma also reacted via her Instagram page, praising the singer, “You already know that you’re the perfect one, @davido,” she wrote, while sharing photos from the awards night.
Davido was nominated in the Best African Music Performance category at the 2026 Grammy Awards but lost to South African singer Tyla, who won with her song Push 2 Start.

Other nominees in the category included Burna Boy (Love), Ayra Starr and Wizkid (Gimme Dat), Davido (With You featuring Omah Lay), and Eddy Kenzo and Mehran Matin (Hope & Love).

The win marked Tyla’s second Grammy Award, following her first victory in 2024 for her hit single Water.

Speaking during the awards ceremony, the singer revealed that With You, featuring Omah Lay, almost did not make the final tracklist of his album 5IVE.
“Man, it’s so crazy because that song almost didn’t make the album. With You was not in anybody’s top five.
“And now look at it go. Every time I was performing it, my heart would just start beating like, what if I didn’t put this song?” he told OkayAfrica.

Davido also recounted how he learned about the Grammy nomination, saying the news came unexpectedly while he was in Dubai, days before his birthday.

“I was in the car, actually, checking a car, and then my phone rang. They were like, ‘Oh yeah, another nomination.’ I was like, wow. Thank God,” he said.

“With You” was released in April 2025 as the 17th track on Davido’s fifth studio album, 5IVE, and has since become one of his most successful recent records, surpassing 100 million streams on Spotify.

Despite the song’s success, Nigeria did not record a win at the 2026 Grammy Awards.
Davido said he is now focused on touring and releasing new music.

He is also billed to perform at Coachella 2026, where he will be the only Nigerian artiste on the festival lineup, performing on April 11 and April 18, 2026, in Indio, California.

-Guardian

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Kunle Afolayan gives reasons to marry many women

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Nollywood filmmaker, Kunle Afolayan, has stirred reactions after advising men to “marry many women” while reflecting on his upbringing in a polygamous home.

 

The actor and producer made the remarks at the watch party of Aníkúlápó: The Ghoul Awakens, with a clip from the event going viral on Tuesday.

Speaking at the event, Afolayan linked his existence and achievements to his late father’s decision to marry several wives.

“Without my father, there wouldn’t have been a KAP Village or even Kunle Afolayan. I am the seventh born of my father because my father had ten wives. For the men, marry many women, or rather be involved with many women. You know why? If my father didn’t, he would not have born me, and that is the honest truth. But today, a few of us are lifting his legacy. Life is short, death is constant. Nobody has life forever. Everybody has a period. Use your period,” he said.

While his daughter, Eyiyemi Afolayan, joined him on stage, the filmmaker compared his childhood experience with his relationship with his children.

“They are lucky. For her, staying by my side is luck. Do you know why? I couldn’t stand it with my father. My father didn’t know my school. My father didn’t know my date of birth. He did not know anything about me other than, ‘He is the son of that person.’ But today, I’m so proud of my father,” he added.

Afolayan also spoke about fatherhood.

“Sometimes when people say ‘Happy Father’s Day,’ I’m always saying whether he pays child support or not, he’s still a father. I have been going to court because I want to get a divorce. I don’t mind being in the witness box, and I experienced the shit, so that I can marry many wives,” he said.

He thereafter prayed for his daughter, praising her role in the series.

“Hephzibah, her mother is the one who gave her the name. I don’t care, but I am proud of you. You started with the film, you did the first season, and now with the second season, you did amazingly well. My good Lord will continue to increase you in wisdom, in knowledge, and in understanding. If this is your path, the good Lord will see you through.”
However, this is not the first time the filmmaker has spoken about his late father’s polygamous lifestyle.

In March 2021, Afolayan told BBC Pidgin that his father, Adeyemi Afolayan, who died in 1996, married 10 wives and had 25 children, a decision he said took a toll on the family.

“I would not want to marry many wives because my father had 10 wives and I knew what happened throughout that period. I knew that really distracted my father. In this age, nobody needs to tell you before you know what’s right,” he said at the time.

He also disclosed that growing up in a polygamous home affected bonding among the children due to language and other barriers.

Afolayan further narrated how he battled poverty in his early years, revealing that he once lived in a one-room apartment in Ebute-Metta and sometimes had to deal with flooding.

“I was born in Ebute-Metta and have lived in one-room apartment before that we even have to grapple with flood sometimes. It’s not shame to say have been poor before. But if you see how l made it, it’s a matter of consistency. My father was a very popular filmmaker and ordinarily, people would expect me to life the kind of live akin to Hollywood stars,” he said.

“But that wasn’t the case. How would one live such life when you’re living in a room with ten women. That doesn’t mean there was no love among us.”

He had advised young filmmakers to start with the little resources available to them while working towards their dreams.

 

-Guardian

 

 

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‘N10m Box Office Remark Was Sarcastic’, Toyin Abraham Clarifies Kunle Afolayan’s Comments

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Actress Toyin Abraham’s management has clarified recent comments attributed to filmmaker Kunle Afolayan regarding box office earnings, explaining that his mention of a producer earning #10 million from a #1 billion or #2 billion cinema gross was meant sarcastically, not as a factual statement.

 

In a statement released on Monday, Abraham’s manager, Samuel Olatunji of The Hype Agency, noted that the actress had received numerous calls and messages requesting her reaction to Afolayan’s remarks on film profitability and promotion in Nollywood.

The statement highlighted that Abraham understood Afolayan’s broader point about the realities of the filmmaking business, particularly the distinction between headline box office figures and the actual returns producers receive.

However, it added that the tone of the comments, which circulated from Afolayan’s film premiere, was perceived by some in the industry as dismissive of the significant effort, financial risk, and sacrifices made in building Nollywood, especially by women.

According to the statement, Afolayan personally reached out to Abraham to clarify his remarks after the issue gained traction publicly.

“During that conversation, she expressed her concerns, particularly about how the comments could be interpreted as disregarding the efforts of others.

“Mr Afolayan clarified the context and intent of his remarks, and the issue was addressed maturely. Both parties have since moved on,” the statement said.

The management described it as unfortunate that some expected Abraham to publicly attack or criticise Afolayan, stressing that their professional relationship, which spans many years, has never been contentious.

The statement also dismissed circulating claims that Abraham remained silent because she had previously questioned whether films could gross ₦1 billion at the box office.

“This narrative is completely untrue. She is close to industry stakeholders responsible for box office reporting and has access to certified and verifiable figures. There is no basis for doubting credible numbers,” it said.

Further, the statement emphasized that Abraham has never objected to the box office success of any filmmaker. Her focus has consistently been on ensuring fair and adequate cinema showtimes, which directly influence box office performance and revenue.

While recognising the achievements of filmmakers currently posting top box office numbers, the statement described these milestones as commendable, especially in an industry ecosystem that remains largely challenging for producers.

“These successes have been recorded despite rising production costs, limited screens, revenue-sharing structures and multiple statutory deductions. Despite these challenges, the industry continues to grow and break new ground,” it added.

“For the avoidance of doubt, Mr Afolayan’s reference to ten million naira was clearly sarcastic. No producer earns ten million naira from a one billion naira or two billion naira box office performance,” the statement concluded.

The management called on industry stakeholders to use the moment to address structural challenges and explore sustainable models that improve returns on investment for filmmakers, rather than fuel public disagreements.

The clarification comes amid social media controversy following Afolayan’s recent remarks on film promotion and box office culture.

 

-Leadership

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