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Home»Entertainment/Style»Why Peter Okoye Reported Jude Okoye To EFCC Over Alleged $1 Million Fund Diversion
Entertainment/Style

Why Peter Okoye Reported Jude Okoye To EFCC Over Alleged $1 Million Fund Diversion

Chioma OsujiBy Chioma OsujiDecember 13, 20252 Mins Read
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LAGOS, Nigeria(VOICE OF NAIJA)- Musician Peter Okoye has publicly laid out the reasons he took his elder brother, Jude Okoye, to Nigeria’s anti-graft agency. 

Following the long-running P-Square family dispute, the singer, one half of the iconic defunct music duo P-Square, made the revelation while testifying as a prosecution witness in the ongoing trial of Jude Okoye before Justice Rahman Oshodi at the Lagos State High Court in Ikeja. 

According to the Economic and Financial Crimes Commission (EFCC), Peter accused his former manager-brother of diverting funds belonging to their joint business interests.

Jude Okoye and his company, Northside Music Limited, are currently facing a four-count charge bordering on theft involving sums exceeding $1 million. He has pleaded not guilty to all charges.

During cross-examination, defence counsel Clement Onwuenwunor (SAN), presented bank statements linked to Northside Music Limited, questioning Peter on several financial transactions. In response, Peter insisted the accounts were tied directly to the P-Square brand and jointly owned assets.

“These statements of account belong to me and my brother. We are P-Square. The company belongs to Peter and Paul. It was registered by him. I reported to the EFCC when I discovered funds were being diverted, and EFCC brought the matter to court,” Peter told the court. 

READ ALSO: 2Baba Allegedly Hit With ₦7m Unpaid Fee As Law Firm Issues Final Notice

Expanding on the issue, the singer explained that the alleged diversion involved a separate company operating alongside their main business. 

“My lord, we own an entertainment company together, and I discovered another company, Northside Entertainment Company diverting our funds. I showed it to my brother,” he said.

Peter also confirmed that he formally petitioned the EFCC through his lawyer after uncovering the transactions. He further disclosed that Jude Okoye’s wife holds 800,000 shares in the company at the centre of the controversy.

Tensions rose when the defence attempted to submit documents attached to the original petition, arguing they were crucial to Jude’s case. However, EFCC prosecutor M.K. Bashir objected, stating that the documents failed to meet legal requirements despite being stamped as Certified True Copies.

In a brief ruling, Justice Oshodi agreed with the prosecution, rejecting the documents and declaring them inadmissible.

The high-profile trial has been adjourned to February 20 and 27, 2026, when proceedings are expected to continue, keeping fans and industry observers closely watching the end of the P-Square partnership.

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Chioma Osuji

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