In a dramatic turn of events, Nigerian musician Peter Okoye, one half of the defunct music duo P-Square, has testified against his elder brother, Jude Okoye, in a money laundering case involving over ₦1.38 billion, $1 million, and £34,537.59. The trial, which began on Monday at the Federal High Court in Lagos, has sent shockwaves through the music industry.
Jude Okoye, who managed P-Square’s finances, is facing a seven-count charge alongside his company, Northside Music Limited, for allegedly laundering the funds. Peter Okoye, the first prosecution witness, detailed how Jude incorporated a company similar to their original management firm, Northside Entertainment Ltd., to collect royalties without transparency.
According to Peter’s testimony, Jude was the sole signatory to P-Square’s bank accounts, leaving him in the dark about the duo’s financial dealings. When Peter requested access to funds for a house project in Ikoyi, Jude reportedly told him, “As you leave P-Square, you leave the money”. Peter also alleged that Jude claimed his share of the money was with people in South Africa, further complicating matters.
The court heard that Jude’s wife owns 80% of Northside Music Limited, while Jude holds 20%. Peter claimed that when he asked for financial statements, Jude refused, leading him to suspect foul play. The Economic and Financial Crimes Commission (EFCC) accuses Jude and his company of using laundered funds to acquire a ₦850 million property in Ikoyi, among other offenses.
Jude has denied all charges and pleaded not guilty during his arraignment on February 26, 2025. The case has been adjourned to June 4 for cross-examination, marking a significant development in the ongoing saga between the Okoye brothers.
Peter’s decision to testify against his brother highlights the deep-seated financial disputes within the family. In a recent social media post, Peter emphasized the importance of prioritizing mental health over family ties, suggesting that his actions are motivated by a desire to protect his well-being and financial interests. The trial has sparked intense public interest, with many following the developments closely as the Okoye family’s internal conflicts play out in the courtroom.
