The Economic and Financial Crimes Commission recently informed a Lagos court about a key development in the P-Square case. Officials stated they lack evidence to back Peter Okoye‘s claim against his brothers.
Specifically Peter accused Jude and Paul Okoye of fraudulently withdrawing $800,000 from a shared account.
Background of the Feud
Peter Okoye filed a petition with the EFCC in 2024. He charged Jude with diverting funds from the defunct music group P-Square. Additionally, Peter alleged Jude operated 47 undeclared bank accounts and altered shares in Northside Entertainment Ltd. As a result, the EFCC charged Jude with financial misconduct in managing the group’s brand.
Court Proceedings
The case unfolded at the Lagos State Special Offences Court in Ikeja. Jude faced arraignment on March 4, 2025, for stealing and converting royalties worth $1 million and £34,000.
Moreover Peter testified on May 23, 2025, and presented what he called new evidence. However he adjusted the withdrawal timeline from 2023-2024 to 2013-2014 during cross-examination.
Key Statements
EFCC counsel Mohammed Bashir addressed the court directly. He declared, “We do not have it. It is his evidence. Let him prove it.” Furthermore Bashir denied knowledge of the 47 bank accounts. The defence challenged Peter’s claims with Corporate Affairs Commission records that contradicted his statements.
Implications for the Case
The revelation shifts the burden back to Peter as it reveals discrepancies in his allegations. Furthermore, the court adjourned the trial to December 12, 2025, for further hearings.
In conclusion, the development underpins the lingering P-Square family feud. This case continues to attract public interest in celebrity financial disputes.
