Nigerian music star Peter Okoye has admitted before a Lagos High Court that he was a co-signatory to a company bank account now under investigation for alleged fraud, revising his earlier position that he had no involvement.
The disclosure came during the ongoing trial of his elder brother and former manager, Jude Okoye, who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) over an alleged $1 million fraud involving Northside Entertainment Limited.
During court proceedings, documents were tendered showing Peter Okoye listed as a co-signatory to the company’s Ecobank Nigeria account. Confirming the development, the singer acknowledged that his name was added to the account alongside that of his twin brother.
However, he maintained that he never authorised any transaction or signed cheques linked to the account.
Peter explained that his earlier denial of involvement was based on information he received during a telephone conversation with bank officials. He told the court that Jude was initially the sole signatory to the account before later adding both members of the defunct music duo, P-Square, to the account mandate.
The singer also addressed the issue of the group’s music catalogue, clarifying that ownership rests with him and his twin brother, not Jude. He noted that the P-Square brand previously operated through Northside Entertainment Limited and Square Records Limited, which managed the group’s business and distribution activities.
The EFCC alleges that approximately $1 million was withdrawn from the company’s funds without proper authorisation, accusing Jude Okoye of mismanagement and breach of trust while overseeing the group’s finances.
The court adjourned the case for further hearing as proceedings continue.
