The rift between Okoye brothers has escalated as Peter Okoye from P-Square fame has testified against his elder brother and former manager, Jude Okoye, in an ongoing ₦1.38 billion fraud trial.
Peter accused Jude and his company, Northside Music Limited of mismanaging group finances and withholding crucial information regarding revenue generated by the group.
Jude is facing a seven-count charge of money laundering and fraud, unlawful acquisition of property worth ₦850 million in Parkview Estate, Ikoyi, believed to be funded through illicit means.
The charges he was facing were confirmed by the Head of Media and Publicity, Economic and Financial Crimes Commission (EFCC), Dele Oyewale.
Appearing before Justice A. Owoeye at the Federal High Court in Ikoyi, Lagos, Jude pleaded not guilty upon arraignment in February 2025.
Peter testified in court that Jude was the sole signatory to P-Square’s bank accounts and often withheld financial information, especially during the group’s split in 2017.
He explained that issues began when Jude stopped funding his building project without explanation, leading him to seek legal advice.
Peter also testified that Jude allegedly refused to provide backend access to music royalties and financial statements, prompting him to investigate further.
He later discovered that Jude and his wife owned a separate company, Northside Music Limited, which was handling P-Square’s royalties without his knowledge.
Despite efforts to resolve the matter privately, Peter said he received little cooperation from Jude or their brother Paul.
This prompted him to file a formal complaint with the EFCC.
The case continues, as the court is expected to hear more testimonies and examine financial records in the coming weeks.
