Post: EFCC Rejects Peter’s $800k Claim, P-Square Drama Intensifies

EFCC Rejects Peter’s $800k Claim, P-Square Drama Intensifies

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Peter Okoye

The long-running tension within the Okoye family returned to the spotlight as the P-Square fraud trial continued in a Lagos High Court, drawing fresh reactions from music lovers and industry watchers. In a surprising turn, the Economic and Financial Crimes Commission (EFCC) told the court it has no evidence to support Peter Okoye’s allegation that his brothers, Jude and Paul, withdrew $800,000 without approval. The revelation left many Nigerians stunned, especially because the claim has been one of the biggest talking points surrounding the brothers’ business fallout.

During the hearing, EFCC counsel M.K. Bashir made it clear that the agency could not confirm the alleged withdrawal when pressed by the judge. Peter himself had earlier insisted the money was taken between 2023 and 2024, but under cross-examination, he shifted the timeline back to 2013–2014, raising more questions about consistency. The defence also challenged his claim that the EFCC held documents proving the group operated 47 hidden accounts, a document the EFCC denied possessing.

Another twist came when records from the Corporate Affairs Commission (CAC) contradicted Peter’s statement about Jude owning 80% of their company, Northside Entertainment. Even more, Peter told the court he only discovered the existence of Northside Music Ltd in 2024 after Cynthia Morgan sent him her contract, a detail that added more emotional weight to the courtroom back-and-forth.

For fans who grew up listening to P-Square, the trial already feels drawn out. With the case now adjourned to December 12, many are simply waiting to see how things unfold.

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