Entertainment of Tuesday, 24 February 2026

Source: www.naijanews.com

Peter Okoye admits being co-signatory to account linked to $1m fraud

Nigerian Singer Peter Okoye has acknowledged in a Lagos High Court that he is a co-signatory to a bank account tied to a fraud investigation, reversing his previous claim that he was not involved.

Naija News reports that the revelation came during the trial of his elder brother, Jude Okoye, who is facing prosecution by the Economic and Financial Crimes Commission (EFCC) over an alleged $1 million fraud.

During questioning, legal representatives presented documents showing Peter as a co-signatory on Northside Entertainment Limited’s account with Ecobank Nigeria.

Peter confirmed this, saying he was added as a co-signatory alongside his twin brother, although he maintained that he never signed cheques or carried out transactions.

He explained that his earlier statement denying involvement was based on information received during a phone call with bank officials. Initially, Jude was the only signatory on the account, but later included Peter and his twin.

Peter also clarified that the P-Square music catalogue is owned by him and his twin brother, not Jude.

The group’s operations were run through Northside Entertainment Limited and Square Records Limited, companies that managed both their music and business interests.

The EFCC had alleged that about $1 million was taken from Northside Entertainment Limited without proper approval and accused Jude of misusing company funds and violating trust while handling the group’s finances.

This case is part of ongoing disputes in the Okoye family over the management of P-Square’s business and royalties.

The duo, who were once managed by Jude, split in 2017 over financial disagreements, reunited in 2021, and later separated again.

The court has adjourned the case for further hearing.