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Drama Unfolds: P-Square’s Jude Okoye Faces Fraud Allegations, Court Adjourns Case
Justice A. Owoeye of the Federal High Court in Ikoyi, Lagos, on Wednesday, June 4, 2025, postponed further proceedings in the ₦1.38 billion fraud case involving Jude Chigozie Okoye — elder brother and former manager of music duo Paul and Peter Okoye (formerly known as P-Square) — until October 23, 2025.....KINDLY READ THE FULL STORY HERE▶
According to reports, the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) is prosecuting Okoye alongside his company, Northside Music Limited, on a seven-count charge related to money laundering.
One of the charges alleges:
“That you, Jude Okoye Chigozie, and Northside Music Limited, sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property situated at No. 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos, valued at ₦850 million — knowing, or reasonably suspecting, that the funds formed part of the proceeds of unlawful activity — thereby committing an offence under Section 18 (2)(d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”
Jude Okoye pleaded not guilty to all the charges when first arraigned on February 26, 2025.
At Wednesday’s resumed hearing, the first prosecution witness (PW1), Peter Obumuneme Okoye, testified under cross-examination by the defence counsel, Clement Onwuewunor (SAN), that he never had financial control during his time at Northside Entertainment.
“I never signed any cheques or had access to the accounts while signed to Northside Entertainment,” Peter told the court.
He acknowledged receiving payments from the company’s Ecobank account but clarified that they were not royalties. Instead, the account received revenue from various sources such as endorsements and live shows.
Peter also testified that he only discovered the existence of Northside Music Limited in late 2022 and insisted he never received any funds from Lex Records during his affiliation with the company.
Following the witness’s statement, Justice Owoeye adjourned the matter to October 23 and November 10, 2025, for further trial proceedings.
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