Peter Okoye Testifies Against Brother Jude in Explosive N1.3 Billion Fraud Trial
In a dramatic turn of events that has captivated both the entertainment and legal communities, popular Nigerian artist Peter Okoye, one-half of the iconic music duo P-Square, testified on Monday against his elder brother and former manager, Jude Okoye, in an ongoing trial over alleged money laundering.
The high-profile case, currently being heard at the Federal High Court in Lagos, involves staggering sums—N1.38 billion, $1 million, and £34,537.59—allegedly laundered through Jude Okoye’s record label, Northside Music Limited. The Economic and Financial Crimes Commission (EFCC) has charged Jude and the company with a seven-count indictment bordering on conspiracy, money laundering, and diversion of funds.
During the court proceedings, Peter Okoye appeared as a witness for the prosecution. His testimony is seen as a critical part of the EFCC’s case, potentially providing insider details on financial transactions and operational discrepancies within the management of Psquare's music earnings.
According to verified sources, the EFCC had been investigating suspicious transactions linked to Northside Music Limited following a series of petitions alleging mismanagement and unauthorized fund transfers. The investigation revealed large sums of money allegedly moved between accounts without proper documentation or consent from key stakeholders.
Peter’s appearance in court marks a rare moment where family ties are publicly strained under legal scrutiny. His testimony, legal experts say, could be pivotal in establishing a pattern of alleged financial misconduct by Jude Okoye.
The presiding judge adjourned the case for further hearing, with more witnesses expected to take the stand in the coming days. If found guilty, Jude Okoye may face significant legal consequences under the Money Laundering (Prohibition) Act and other relevant Nigerian financial laws.
This development comes years after the widely publicized fallout among the Okoye brothers, which led to the breakup of Psquare. While the group reunited musically in recent years, the legal battle suggests deeper unresolved issues behind the scenes.
Stay tuned for further updates as this high-stakes courtroom drama unfolds.
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