The Economic and Financial Crimes Commission (EFCC) has told a Lagos court that it has no evidence to back singer Peter Okoye’s allegation that his brothers, Jude and Paul Okoye of the defunct P-Square group, fraudulently withdrew $800,000 from their company account.
Peter had approached the EFCC in 2024, claiming Jude mismanaged funds at Northside Entertainment Ltd., operated 47 undeclared bank accounts, and manipulated the company’s shareholding structure. This led to charges against Jude and his Northside Music Limited company, including the alleged conversion of $767,544.15 in digital music royalties. Jude was granted bail of N50 million in March 2025.
During cross-examination at the Lagos State Special Offences Court, EFCC counsel Mohammed Bashir told Justice Rahman Oshodi on November 28 that the commission could not tender evidence supporting the alleged $800,000 withdrawal.
“We do not have it. It is his evidence. Let him prove it. I can’t give what I don’t have,” Bashir stated. The EFCC also denied holding records of the 47 bank accounts Peter claimed existed. Corporate Affairs Commission records tendered by the defence contradicted Peter’s claim that Jude held an 80% stake in Northside.
Peter also admitted he only became aware of Northside Music in 2024 when artist Cynthia Morgan sent him her contract on the company’s letterhead.
Justice Oshodi adjourned the case to December 12, 2025, for continuation of the trial.
