$1m Theft Trial: Jude Okoye’s Wife Owns 800,000 Shares as Peter Testifies in Court

$1m Theft Trial: Jude Okoye’s Wife Owns 800,000 Shares as Peter Testifies in Court

The ongoing $1 million theft trial involving Jude Okoye and Northside Music Limited took a dramatic turn on Friday as Peter Okoye of P-Square told the Lagos State High Court sitting in Ikeja that his elder brother’s wife owns 800,000 shares in Northside Music Limited, the company at the centre of the case.

Peter, the first prosecution witness, appeared before Justice Rahman Oshodi, where he gave evidence against Jude Okoye, the former manager of the P-Square music duo of Peter and Paul Okoye. Jude and Northside Music Limited are standing trial on four counts of alleged fund diversion, to which the defendants have pleaded not guilty.

During cross-examination by defence counsel Clement Onwuenwunor (SAN), bank statements linked to Northside Music Limited were presented to the witness. Peter, however, insisted that the accounts represented the joint business interests of P-Square, stressing that the company belongs to him and his twin brother, Paul Okoye.

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“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,” Peter told the court.

He further disclosed that he petitioned the Economic and Financial Crimes Commission (EFCC) after discovering that funds were allegedly being diverted through another entity, Northside Entertainment Company.

“I reported to the EFCC when I discovered funds were being diverted,” he said, confirming that he filed the petition through his lawyer and later made a formal statement to the anti-graft agency.

Peter also confirmed under oath that Jude Okoye’s wife holds 800,000 shares in Northside Music Limited, a revelation that added fresh twists to the family and corporate dispute.

Meanwhile, the defence attempted to tender documents related to the original EFCC petition, but the prosecution counsel, M.K. Bashir, objected on the grounds that the documents were not legally admissible, despite being marked as Certified True Copies.

Justice Rahman Oshodi upheld the objection, ruling that the documents failed to meet the required legal standards.

“I reject the documents and mark them as rejected,” the judge ruled.

The court adjourned the matter, with the trial scheduled to continue on February 20 and 27, 2026, as the high-profile P-Square legal battle continues to unfold.

 

$1m Theft Trial: Jude Okoye’s Wife Owns 800,000 Shares as Peter Testifies in Court