P-Square’s Peter Allegedly Lied About Background, Funds in $1M Fraud Trial, Says Defence

P-Square's Peter Allegedly Lied About Background, Funds in $1M Fraud Trial, Says Defence

P-Square’s Peter Lied About Education, Royalties, Bank Access in $1M Fraud Case, Defence Alleges

In the ongoing legal proceedings involving Jude Okoye, former manager and elder brother of P-Square duo Peter and Paul Okoye, defense counsel Inibehe Effiong has contested several allegations made by Peter Okoye. Effiong challenged claims regarding Peter’s educational background, access to bank accounts, and the management of music royalties. He argued that Peter’s assertions were inconsistent and lacked credibility, suggesting that the accusations were part of a broader family dispute rather than grounded in factual evidence.

Peter Okoye had previously testified that Jude and his wife covertly established Northside Music Limited to collect and control P-Square’s royalties without the knowledge or consent of its members. He alleged that Jude was the sole signatory to the group’s bank accounts and that he was denied access to financial records, leading to suspicions of fund misappropriation. These concerns prompted Peter to petition the Economic and Financial Crimes Commission (EFCC), resulting in Jude’s arraignment on charges of money laundering and theft involving over ₦1.38 billion, $1 million, and £34,537.59.

Jude Okoye has pleaded not guilty to all charges. The court has scheduled the next hearing for June 4, 2025, during which Peter Okoye is expected to undergo cross-examination.

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