The Economic and Financial Crimes Commission (EFCC) has officially stated in court that it possesses no evidence to substantiate a core allegation made by singer Peter Okoye, popularly known as Mr P, against his brothers, Jude Okoye and Paul Okoye, over the fraudulent withdrawal of $800,000 from their former joint company account.
The claim, which forms part of a larger, long-running legal dispute between the siblings of the defunct music group P-Square, faced a significant legal challenge during recent court proceedings.
The Disputed Allegation
Peter Okoye initially approached the anti-graft agency in 2024, alleging that his brother, Jude Okoye, diverted funds belonging to P-Square, manipulated the shareholding structure of their jointly owned Northside Entertainment Ltd., and operated 47 undeclared bank accounts.
During the trial on May 23, 2025, Peter Okoye claimed that new evidence indicated Jude and Paul had withdrawn and shared over $800,000 between March 2023 and October 2024. However, under cross-examination by the defence counsel, Clement Onwuenwunor (SAN), Mr. P later revised this crucial timeline to the years 2013–2014.
EFCC Distances Itself from Financial Claim
Hobnob News gathered at the resumed cross-examination last Friday, November 28, at the Lagos State Special Offences Court in Ikeja, that the prosecution, represented by EFCC Counsel Mohammed Bashir, formally distanced the commission from Peter Okoye’s central financial claims.
Addressing the presiding judge, Justice Rahman Oshodi, the EFCC counsel stated that the prosecution was unable to tender records supporting the alleged withdrawal:
“We do not have it. It is his evidence. Let him prove it. I can’t give what I don’t have,” the EFCC counsel asserted.
The commission further denied possessing documentation for other peripheral claims made by the witness, including the alleged 47 bank accounts. “I do not have 47 bank accounts. It is one of the witness’s claims, but I do not have such a copy,” the counsel added.
The defence also used the session to tender Corporate Affairs Commission (CAC) records that reportedly contradict Peter Okoye’s claim that Jude held an 80% stake in Northside Entertainment Ltd.
The trial continues to attract significant media attention as it scrutinizes the financial dealings behind one of Nigeria’s most successful music groups.
About The Author
