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Sh*ck Admission: Peter Okoye Confirms Role As Co-Signatory In $1 Million Fraud Case
Nigerian singer Peter Okoye has admitted in a Lagos High Court that he is a co-signatory to a bank account linked to a fraud investigation, contradicting his earlier claim that he had no involvement.....KINDLY READ THE FULL STORY HERE▶
The disclosure arose during the trial of his elder brother, Jude Okoye, who is being prosecuted by the Economic and Financial Crimes Commission over an alleged $1 million fraud.
During court proceedings, legal representatives presented documents showing Peter as a co-signatory on Northside Entertainment Limited’s account with Ecobank Nigeria. Peter confirmed that he was added as a co-signatory alongside his twin brother but insisted that he never signed cheques or conducted any transactions.
He explained that his earlier denial was based on information he received during a phone call with bank officials. Originally, Jude was the sole signatory, but Peter and his twin were later included.
Peter also clarified that the P-Square music catalogue belongs to him and his twin brother, not Jude. The duo’s operations were managed through Northside Entertainment Limited and Square Records Limited, which oversaw both their music and business interests.
The EFCC alleges that approximately $1 million was withdrawn from Northside Entertainment Limited without proper authorization and has accused Jude of misusing company funds and breaching trust in managing the group’s finances.
The case is part of ongoing family disputes over the management of P-Square’s business and royalties. The brothers, previously managed by Jude, split in 2017 over financial disagreements, reunited in 2021, and later separated again.
The court has adjourned the case for further hearing.
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