Peter Of P-square Testifies Against Brother, Jude In Alleged N1.38bn Fraud

The lingering face-off among the three brothers- Peter, Paul and Jude Okoyes of P-Square label has taken a different dimension as Peter testified against the elder brother and former manager, Jude Okoye before Justice A. Owoeye of the Federal High Court sitting in Ikoyi, Lagos

Peter through his lawyer, Afolabi I, had dragged his ex-manager, Jude alongside, his company, Northside Music Limited to the Economic and Financial Crimes Commission, EFCC, over alleged N1.38bn fraud.

The Head, Media and Publicity of EFCC Dele Oyewale in a statement said Jude Okoye is standing trial on a seven-count charge bordering on money laundering and fraud.

Oyewale said one of the counts reads: "That you, Jude Okoye Chigozie and Northside Music Limited, sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth ?850,000,000.00 Eight Hundred and Fifty Million Naira only, which money you knew or reasonably ought to have known form part of proceeds of unlawful act and thereby committed an offence contrary to Section 18 2 d and punishable under Section 18 3 of the Money Laundering Prevention and Prohibition Act, 2022."

He pleaded not guilty to the charges when they were read to him, upon his arraignment on February 26, 2025.