• Latest
  • Trending

P-SQUARE FAMILY FEUD..Alleged N1.38bn Fraud:EFCC Presents First Witness,Peter Okoye,against Ex-P-Square Manager,Jude Okoye

April 15, 2025

Doctors tried to resuscitate her, FCT CP speaks on Arise TV anchor’s death

October 1, 2025

Nigeria @ 65: Jonathan urges Nigerians not to lose hope

October 1, 2025

U.S. Government Shuts Down Amid Acrimonious Budget Battle Over Healthcare

October 1, 2025

NIS Begins Crackdown On Foreigners With Expired Visas From October 1

October 1, 2025

Ondo State Launches Strategic Initiative to Decongest Correctional Centres

October 1, 2025

World’s Largest Crypto Bust: Chinese National Guilty in $6.7bn Bitcoin Fraud

October 1, 2025

FG announces end of PENGASSAN, Dangote rift

October 1, 2025

Darius Ishaku’s N27bn Fraud Trial: Witness Reveals How Funds Were Collected and Disbursed on His Instructions

September 30, 2025

Newly Called-To-Bar Edo Lawyer, Sister Freed After Kidnapping Ordeal

September 30, 2025

IGP Egbetokun Urges Newly Called-To-Bar Police Officers to Uphold Integrity

September 30, 2025

Diddy Risk 11-Years Sentence after Prostitution Conviction

September 30, 2025

Tinubu to address Nigerians on 65th Independence Day

September 30, 2025

Lagos NURTW Chieftain ‘Shamelon’ Arraigned for Murder of Dispatch Rider

September 30, 2025

Olubadan Ladoja Declares Political Exit, Embraces Role as Ibadan Monarch

September 30, 2025

Lagos State Appoints Mandy Kiss as Brand Ambassador Against Drug Abuse

September 30, 2025

Accept peace plan or face severe consequences, Trump warns Hamas

September 30, 2025

FUNAAB Alumni Bolster Partnership with FUADSI, Fuelling New University’s Promising Start

September 30, 2025

FG Begins Payment of N32,000 Pension Increment to DBS Retirees

September 30, 2025

Lagos Records Fifth Female Local Government Official Death in Two Months

September 30, 2025

Professor David Jowitt’s 60-Year Teaching Journey from Anglican Grammar School Ubulu-Ukwu to Nigerian Academia

September 30, 2025

ECOWAS Parliament Approves $26M Budget for 2026, Plans 25th Anniversary Celebration

September 30, 2025

Middle East, European leaders welcome Trump’s Gaza ceasefire plan

September 30, 2025

Fintech Founder Charlie Javice Sentenced to 7 Years for $175M JPMorgan Fraud

September 30, 2025

YouTube to pay $22 million in settlement with Trump

September 30, 2025

Prof. Olusola Oyewole @ 70: Grace, Grit, and Refired For Global Impact

September 30, 2025

Oil, Power, and Protest – Can Nigeria Balance Labour Rights with Economic Stability?

September 29, 2025

EFCC Arrests Six for Alleged Land Fraud in Uyo

September 29, 2025

SCUML Seals Two Companies in Sokoto

September 29, 2025

FORMER PRESIDENT JONATHAN’S 2027 BID: ELIGIBILITY QUESTIONS AND DISMAL RECORD TO BE SCRUTINISED

September 29, 2025

FUNAAB Alumnus Professor Rasaki Kareem Named Deputy Vice Chancellor of Crescent University

September 29, 2025
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education
    • Sports
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps

    Nigerian Girls Triumph at 2025 Technovation Global Summit with AI Safety App

    Trump sees progress on TikTok, says will visit China

    French lawmakers urge socialmedia ban for under-15s

    The Future of Internet Connectivity in Nigeria: Opportunities and Challenges

    CBN awards OPay for financial inclusion innovation

    Why Motorcycle Prices Are Soaring in 2024

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Breaking : Nigeria world cup qualification receives boost,As FIFA Sanctions South Africa

    Ladoja Crowned 44th Olubadan of Ibadan, Ushering New Era

    BREAKING: Ladoja crowned 44th Olubadan, set to receive staff of office

    Why Ladoja’s emergence was rancour-free – Balogun-designate

    Rooney Defends Ekitike’s Red Card Celebration as “Refreshing” Despite Suspension

    Modric vs De Bruyne: Milan Hosts Napoli in Serie A Showdown

  • Lifestyle
    • All
    • Health

    WASH 94.9 FM: Nigeria’s Pioneering Health Radio Marks One Year of Empowering Wellness

    Teen Girl, 14, Dies After Alleged Secret Breast Surgery

    Covid Cases Surge in England as New ‘Stratus’ Variant Spreads

    Russia Launches Revolutionary Free Cancer Vaccine with Promising Trial Results

    Dilapidated Ipokia General Hospital in Ogun State Forces Patients to Bring Own Beds Amid Severe Neglect

    Kwara Governor Appoints Prof. Popoola CMD, Thomas Adewumi Teaching Hospital

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps

    Nigerian Girls Triumph at 2025 Technovation Global Summit with AI Safety App

    Trump sees progress on TikTok, says will visit China

    French lawmakers urge socialmedia ban for under-15s

    The Future of Internet Connectivity in Nigeria: Opportunities and Challenges

    CBN awards OPay for financial inclusion innovation

    Why Motorcycle Prices Are Soaring in 2024

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Breaking : Nigeria world cup qualification receives boost,As FIFA Sanctions South Africa

    Ladoja Crowned 44th Olubadan of Ibadan, Ushering New Era

    BREAKING: Ladoja crowned 44th Olubadan, set to receive staff of office

    Why Ladoja’s emergence was rancour-free – Balogun-designate

    Rooney Defends Ekitike’s Red Card Celebration as “Refreshing” Despite Suspension

    Modric vs De Bruyne: Milan Hosts Napoli in Serie A Showdown

  • Lifestyle
    • All
    • Health

    WASH 94.9 FM: Nigeria’s Pioneering Health Radio Marks One Year of Empowering Wellness

    Teen Girl, 14, Dies After Alleged Secret Breast Surgery

    Covid Cases Surge in England as New ‘Stratus’ Variant Spreads

    Russia Launches Revolutionary Free Cancer Vaccine with Promising Trial Results

    Dilapidated Ipokia General Hospital in Ogun State Forces Patients to Bring Own Beds Amid Severe Neglect

    Kwara Governor Appoints Prof. Popoola CMD, Thomas Adewumi Teaching Hospital

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
No Result
View All Result

P-SQUARE FAMILY FEUD..Alleged N1.38bn Fraud:EFCC Presents First Witness,Peter Okoye,against Ex-P-Square Manager,Jude Okoye

ValidViewNetwork by ValidViewNetwork
April 15, 2025
in Uncategorized
0 0
0
Home Uncategorized
ADVERTISEMENT
0
SHARES
21
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
Spread the love

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo Road, Ikoyi, Lagos, on Monday, April 14, 2025, presented its first prosecution witness, PW1, Peter Obumuneme Okoye, against Jude Chigozie Okoye, elder brother and former Manager of Paul and Peter Okoye, before Justice A. Owoeye of the Federal High Court sitting in Ikoyi, Lagos.

Okoye is standing trial alongside his company, Northside Music Limited, on a seven- count charge bordering on money laundering to the tune of N1.38bn.

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.
At today’s proceedings, Jude described the defendant as his elder brother and former Manager of the group called P-square.

Led in evidence by the prosecution counsel, Aso Larry’s Peters, Peter said: “The group, P-Square started sometime in 1997. But in 2017, it was disbanded. We stayed apart for about five years. But in November 2021, the group came back.

“Before Jude became our Manager, we had several managers, including Chioma Ugochi, who managed us when we were in the secondary school and in the University; and the late Bayo Odusami of Mbuntu music, who managed us for five years.

“Thereafter, my twin brother and I managed the band for a couple of months before we decided that he (Jude) would manage us and Northside Entertainment Limited.

“So, we continued running our business. But we were always having issues about how he was running the business. The issues were mainly about the fact that he was the sole signatory to all our bank accounts in Ecobank, Zenith and FCMB.
“These issues lasted for a couple of months. I didn’t have access to the accounts until the current Minister of Aviation, Mr. Festus Keyamo, SAN, who was our lawyer, said we needed a sharing formula.”

While giving further evidence, he recalled an incident when the brothers were building their houses in Ikoyi, saying, “The funding of the house project was by Northwest Entertainment Ltd. But they just stopped financing my house for six months.
“The accounts were owned by the company, while Jude was the only signatory to all the accounts. At some, I approached him and my twin brother, Paul, to know why they stopped financing my project. But what I heard from them was “As you leave P-square, u leave the money’.

“With that comment, I had to approach our lawyer, Keyamo.
“All our money is in Northside Entertainment, and he is the sole signatory.

“Along the line, I discovered that there’s a company similar to ours, Northside Music Limited.

ADVERTISEMENT
ADVERTISEMENT

“In 2022, I discovered this when some people wanted to acquire our albums. These individuals demanded our statements of account to know how much the albums were generating monthly. The reason is that I didn’t have access to ‘backend’, which could be traced through a Northside account and through the aggregators (these are people you engage to know when they play your music on any medium, so you get paid). I then demanded that I wanted to know the backend. But he refused.

“Then, I went to my twin brother, Paul, who replied thus: “You know, I don’t know anything about it, but Jude.”
“When I suggested we go to see him, he said he would go and meet him, so I left him.”

Advertisement. Scroll to continue reading.

He further told the court that when he approached Paul a few weeks after about it, Paul told him he had discussed the issue with Jude.
Giving further testimony, he told the court that : “ Thereafter, I approached Jude again. He told me that my share of the money was with some people in South Africa. I told him I was not asking for money , but the backend and the statements of the account. But there was no positive response.”

Following this discussion, he said he then reached out to the accounts officers in both Eco Bank and Zenith Bank, respectively . But he said he did not get satisfactory response from them.
According to him , “The account officer at the Zenith Bank later told me that Jude told him not to send it to me. The officer added that the only way I could get it was through the court.

“ I, however, discovered that the aggregators handling P-square’s Music Company were the same persons handling Paul and Peter. So, I approached Paul and told him to give them the albums of P-Square. But Jude and Paul were not comfortable with that.”
Also, Peter told the court that both Jude and Paul subsequently allowed him to give the catalogue to Mad Solution and he was assured that he would start receiving money after three months.

He said: “ Three months after, I received over $22,000 USD. I was also told that both Jude and Paul had been paid.

“ Until I called, I did not have an idea of a company called Northside music. I decided not to meet Jude over it. But when I approached Paul if he knew about Northside Music, he said I should check the album by Cynthia Morgan, who was then Jude’s artiste.

“When I checked Cynthia Morgan’s album, it was Northside Incorporation and not Northside Music. I then approached Jude for the same backend. He told me that it was going to take three and half months to retrieve the catalogue.

“And then forwarded the catalogue to me. My new management now sent it to people who wanted to buy it.”
According to him, “ By the time it was sent to me, it only bore numbers and not figures.

“They responded that the backend had been tampered with, which suggested that the people who offered $8000 USD could not offer $500 USD,owing to the fact that the numbers had reduced.

“ I went to the Corporate Affairs Commission (CAC) site, and discovered that the Directors of Northside Music were Jude Okoye and his wife. I also discovered that Jude’s wife owned 80%, while Jude owned 20%.
“On the backend, I was unable to get anything because it had been tampered with. One of those interested in buying the catalogue came to my house and invited Paul . But his response was that “ I know Peter has told you this. …..When he came back after an hour, he told me that he was tired of all this and that I could do my worst.

Do you want to share a story with us?
Do you want to advertise with us?
Do you need publicity for a product, service, or event?
Contact us on WhatsApp +2348033617468, +234 816 612 1513, +234 703 010 7174
or Email: validviewnetwork@gmail.com
CLICK TO JOIN OUR WHATSAPP GROUP
ADVERTISEMENT

“ The man handling our tax , Emmanuel, came to my house and said Jude should pay N2m or thereabouts.
“He said Jude was able to prove that since they broke up, they had not been performing. But when I checked the statements of accounts from January 1, to December 2017, I discovered that those who paid money to the Access Bank account were the aggregators.

“ I then contacted my lawyer, Afolabi l, who now took the matter to the EFCC.”
The case was adjourned till June 4, 2025 for cross-examination.

Previous Post

CRAZY NEPA BILL…

Next Post

It is Illegal to Operate Digital Asset Exchanges or Online Foreign Exchange Trading Platforms – SEC

ValidViewNetwork

ValidViewNetwork

Next Post

It is Illegal to Operate Digital Asset Exchanges or Online Foreign Exchange Trading Platforms - SEC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the latest news from ValidViewNetwork
Loading

SPONSORED ADVERT

SPONSORED ADVERT

As the Lord liveth, you are feeling bushing this 6th month better and stronger than the way you started it in Jesus Mighty Name. Our angels of good news shall locate us this month. Shalom!

  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

No Result
View All Result

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist