EFCC Says Jude Okoye’s Wife Owns 800,000 Shares in Northside Music as Mr P Gives Detailed Testimony in Court

The legal proceedings involving Jude Chigozie Okoye, elder brother and former manager of the music duo P Square, continued on Friday at the Lagos State High Court in Ikeja, with fresh revelations emerging over the ownership of Northside Music Limited, the company at the centre of the ongoing fraud case.

Testifying before Justice Rahman Oshodi, Peter Okoye, widely known as Mr P, appeared as the first prosecution witness and confirmed that Jude Okoye’s wife owns a significant controlling stake in Northside Music Limited. According to him, the company was allegedly used to divert funds belonging to the popular music group.

Jude Okoye and his company are currently facing prosecution by the Economic and Financial Crimes Commission on a four count charge bordering on the alleged theft of more than one million dollars in royalties and other related funds.

During the resumed hearing, defence counsel Clement Onwuenwunor, Senior Advocate of Nigeria, confronted Peter Okoye with bank statements connected to Northside Music Limited in an attempt to challenge his claims.

However, the witness maintained that the accounts in question were linked to the joint business interests of himself and his twin brother, Paul Okoye, stressing that the music brand and its earnings belonged to both brothers.

“These statements of account belong to me and my brother. We are P Square. The company belongs to Peter and Paul. It was registered by him. I reported to the EFCC when I discovered funds were being diverted, and the EFCC brought the matter to court,” Peter Okoye told the court.

In a critical moment during his testimony, he further confirmed that the defendant’s wife owns 800,000 shares in Northside Music Limited. This disclosure reinforced earlier claims that the company was set up by Jude Okoye and his wife to allegedly siphon earnings generated by the P Square brand.

The defence team also attempted to tender documents attached to the original petition submitted to the EFCC, arguing that the materials were vital to their case and necessary for a fair determination of the issues before the court.

However, the prosecution counsel, M K Bashir, objected to the admissibility of the documents, stating that they were merely copies stamped as Certified True Copies and were neither attached to the principal petition nor presented in a legally acceptable format.

In a brief ruling, Justice Oshodi upheld the objection and rejected the documents, ruling that although the records originated from the Corporate Affairs Commission and were in the custody of the EFCC, they did not satisfy the requirements for admissibility under the law.

Peter Okoye also confirmed under cross examination that he made a formal statement to the EFCC after his lawyer submitted the petition that triggered the investigation.

The court subsequently adjourned the case until February 20 and 27, 2026, for the continuation of the trial.