Psquare's former manager, Jude Okoye, was arraigned at an Ikoyi court on Monday, April 14, 2025 and one of the witnesses the Economic and Financial Crimes Commission, (EFCC) presented to testify against him was his brother, Peter Okoye.

Legit.ng had reported that Jude Okoye was arrested by the anti graft agency over an alleged fraud of N1.38 billion, $1 million and £34,537.59.

In a post made by the EFCC, it was stated that Jude incorporated another company, Northside Music Limited apart from Northside Entertainment, which was set up by Psquare to manage the affairs of the group.

Peter noted that in Northside Entertainment, his elder brother was the sole signatory to all the bank accounts (Zenith, Access, FCMB) of the group.

However, after the group started having problem, their lawyer, Mr. Festus Keyamo advised that Psquare should have a sharing formula for their income.

The singer alleged in court that while he was building his house in Ikoyi, funds suddenly stopped coming, and he began to ask questions. It was in the process that he got to know that the other company which was similar to theirs was owned by Jude Okoye's wife, who had 80% share while their brother had the remaining 20%,

Peter Okoye makes demand

Also while in court, Peter claimed that after approaching his twin brother and his elder brother on the reason his project was stopped, he was told that he was no longer part of Psquare.

Peter also affirmed that at that point, he contacted his lawyer, who took up the case. Not stopping, Peter added that at some point, some people wanted to buy their record, and he demanded for backend, but he was allegedly being pushed around.

The music star also alleged that his elder brother had given their bank an order not to show him the account statement of Psquare. By the time he got the backend, it had been tampered with and figures were replaced.

Peter also explained that it was his lawyer that took the case to court, as Jude also instructed their bank that he could only get the account statement of Psquare through the court.

Recall that Jude was later granted bail of N50million after over his case with the EFCC.

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