Peter Okoye: How EFCC discovered Jude’s wife owns 80% shares of P-Square record label

Peter Okoye, Afrobeat singer and one half of the defunct singing twins, P-Square, has disclosed that his elder brother’s wife, Ifeoma, owned 80 per cent of Northside Music Limited.

Peter said his brother, Jude Okoye, retained the remaining 20 per cent shares.

Peter disclosed this at the Lagos State High Court sitting in the Ikeja area of the state on Friday, May 16, 2025.

The singer was presented as the first prosecution witness against his elder brother by the Economic and Financial Crimes Commission (EFCC).

Okoye is standing trial alongside his company, Northside Music Limited, on a four-count charge bordering on alleged stealing to the tune of $1 million and £34,537.

Peter said: “I went to the EFCC with my lawyer to submit the petition on January 22, 2024. I initially wrote Northside Music as the respondent.

“But upon various investigations carried out by the Commission, it was discovered that Jude’s wife, Ifeoma, is the owner of the company because she owes 80 per cent shares, while Jude retains the remaining 20 per cent.

“I submitted the petition and I never spoke to either Paul or Jude until early April in 2024 when the EFCC asked if my twin brother was involved and I said I did not know.

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“The Commission discovered there were over 47 bank accounts used by Jude to receive royalties.”

Peter also told the court that though both Paul (Peter’s twin brother) and Jude were later invited by the EFCC, the latter was detained.

In his further evidence, the singer said: “Jude never denied that he committed the crime. However, my twin brother told me during a meeting at the EFCC office that our elder brother owns P-Square.

“Paul told me Jude owns 40 per cent, while the two of us owe 30 per cent each.

“Ifeoma was never part of our engagement and I was not aware when Northside Music was registered.

“Northside Music, according to my findings, was registered in 2015 and had been operating illegally two years prior to our break-up.”

The prosecution, thereafter, sought to tender the petition dated January 22, 2024.

There was no objection to its admissibility by the lead counsel to the defendants, Clement Onwuenwunor (SAN).

The presiding judge, Justice Rahman Oshodi, therefore, adjourned the case till May 23 for the continuation of trial.

The Star