Peter Okoye Admits Being Co-Signatory To Account Linked To $1m Fraud Trial

Nigerian singer Peter Okoye has told a Lagos High Court that he was a co-signatory to a bank account now under investigation for fraud, revising an earlier claim that he had no involvement.

The revelation emerged during the trial of his elder brother and former manager, Jude Okoye, who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for an alleged $1 million fraud involving Northside Entertainment Limited.

During proceedings, lawyers presented documents showing Peter as a co-signatory on the company’s Ecobank Nigeria account. The singer confirmed that his name had been added alongside his twin brother’s, but insisted he had never authorised any transactions or signed cheques from the account.

Peter explained that his earlier denial was based on information he received during a phone conversation with bank officials. According to him, Jude was initially the sole signatory before later adding both members of P-Square to the account structure.

He also clarified ownership of the group’s music catalogue, stating that the rights belong to him and his twin brother, not to Jude. The P-Square brand previously operated through Northside Entertainment Limited and Square Records Limited, which handled business and distribution activities.
The EFCC alleges that about $1 million was withdrawn from the company’s funds without proper approval, accusing Jude of mismanagement and breach of trust while overseeing the group’s finances. The court has adjourned the matter for further hearing as legal proceedings continue.