Testimony in Court Reveals P-Square's Former Manager's Wife Holds 800,000 Company Shares

P-Square Court Case

The Lagos State High Court in Ikeja, presided over by Justice Rahman Oshodi, continued proceedings on Friday in the high-profile case involving Jude Chigozie Okoye, former manager of the acclaimed music duo P-Square. Fresh details emerged regarding contested company ownership and accusations of fraud.

Okoye, alongside his firm Northside Music Limited, faces a four-count charge from the EFCC’s Lagos Zonal Directorate 1, accused of misappropriating over $1 million. He maintains his not-guilty plea.

Peter Okoye, the first prosecution witness (PW1), testified that Jude Okoye’s spouse holds 800,000 shares in Northside Music Limited. Defense counsel Clement Onwuenwunor (SAN) presented bank statements tied to the company, but Peter insisted these accounts were joint assets.

“These records represent our shared business accounts. My brother and I are P-Square—Northside Music is ours, registered under him,” he stated. “I alerted the EFCC after discovering unauthorized fund diversions, which led to this legal action.”

He further revealed discovering another entity, Northside Entertainment Company, siphoning revenue from their entertainment ventures. “We jointly own an entertainment business, yet funds were being redirected. I confronted my brother with the evidence,” he added.

The witness affirmed submitting a formal petition through his legal team and noted Jude Okoye’s wife’s substantial stake in the disputed company.

The defense attempted to submit documents allegedly attached to the original EFCC petition, but prosecution counsel M. K. Bashir objected, citing improper certification. “These are mere CTC copies—not filed correctly and lacking legal validity,” Bashir argued.

Justice Oshodi upheld the objection, deeming the documents inadmissible. “Although sourced from the Corporate Affairs Commission, they fail to meet evidentiary standards. Marked as rejected,” he ruled.

Peter Okoye confirmed providing an official statement to the EFCC post-petition. The trial was adjourned to February 20 and 27, 2026.

This case originates from the Okoye brothers’ prolonged feud after P-Square’s 2017 split, despite later reconciliations. Allegations center on Jude Okoye’s management of joint assets, including Northside Music Limited, which previously handled artists like Cynthia Morgan.

Peter Okoye alleges Jude diverted earnings through shell companies, prompting EFCC intervention. The agency’s probe, based on financial audits and corporate filings, led to the ongoing trial—a spectacle gripping Nigeria’s entertainment industry.