Shocking: ‘Jude’s wife owns 80% of Northside Music’…Mr. P reveals

In a highly publicized legal case, Nigerian musician Peter Okoye, widely known as Mr. P, has testified against his elder brother and former manager, Jude Okoye, over allegations of misappropriation of $1 million.

In a statement on the EFCC X page on Saturday, May 17, 2025, the anti-graft agency disclosed that the trial, held before an Ikeja special offences court, resumed on Friday.

Jude had been previously granted bail for N50 million on March 6, 2025.

At the resumed hearing before Justice Rahman Oshodi of the Lagos State High Court in Ikeja, Mr. P as first prosecution witness, gave his testimony.

During his testimony, led by Mohammad Bashir, the prosecution counsel, Peter accused Jude of covertly setting up a company, Northside Music Limited.

He also told the court that Jude’s wife, Ifeoma, owned substantial shares in Northside Music Ltd (Jude’s company).

Mr. P said Jude’s intention was to siphon off royalties generated by their now-defunct music group, P-Square, without informing or obtaining the consent of its other members.

Mr. P recounted how he went with his lawyer to EFCC to submit the petition on January 24, 2024.

He said he had initially written Northside Music as the respondent, only to find out later that Jude’s wife owned 80% of the shares while Jude retained the remaining 20 per cent.

Peter disclosed during his court appearance that he had no access to the group’s bank accounts.

He further revealed that the commission discovered 47 bank accounts used by Jude to receive royalties.

These accounts were managed exclusively by Jude, who was the only signatory to them.

The banks involved included Zenith Bank, Ecobank, and FCMB.

Peter emphasized his financial exclusion by stating, “He was the sole signatory to our accounts.

I couldn’t even buy a phone without Jude’s permission.”

This lack of financial transparency and control, according to Peter, continued throughout the group’s hiatus from 2017 to 2021, a period during which P-Square was inactive and the brothers had begun pursuing solo careers.

Tensions escalated when Peter made a move to sell the group’s music catalog.

Interested buyers requested financial documentation and backend data to assess the value of the catalog.

However, Jude allegedly refused to provide the required information.

When Peter reportedly obtained the catalog data, he found it suspicious.

It was said to comprise only of numbers without corresponding monetary figures, indicating possible manipulation.

This lack of clarity and accountability reportedly caused the catalog’s value to plummet dramatically.

What was initially estimated at around $8,000 was eventually reduced to a mere $500, making the transaction unviable and raising further suspicions of foul play.

Further digging by Peter revealed the existence of Northside Music Limited, a company that had been officially registered with the Corporate Affairs Commission.

What stood out in the discovery was the company’s ownership structure.

It listed Jude and his wife as directors, with his wife holding a majority share of 80% and Jude owning the remaining 20%.

Peter said he was stunned by this revelation, which suggested that the company had been used to obscure and potentially misappropriate P-Square’s financial resources.

“That’s when I knew something was very wrong. Everything was hidden behind this other company,” Peter stated during his testimony.

Peter also recounted a separate incident involving a property development project in Ikoyi, Lagos.

The project was funded through another of the group’s companies, Northside Entertainment Ltd.

Following his departure from P-Square, Peter claimed he was denied access to funds related to the project for six months.

When he questioned why the funding had stopped, he was reportedly told, “As you leave P-Square, you leave the money.”

This remark, according to Peter, came from Jude and was backed by their other brother and former group member, Paul Okoye, also known as Rudeboy.

After piecing together these financial irregularities, Peter sought legal advice and proceeded to file a formal petition with the Economic and Financial Crimes Commission (EFCC).

It should be noted that lead counsel for the defendants, Clement Onwuenweuzor, did not object to the admissibility of the petition of January 24, 2024.

Justice Oshodi adjourned until May 23, 2025, for continuation of the trial.

The sibling fallout is not entirely new.

Reports of internal discord among the Okoye brothers date back to as early as 2015.

In 2017, the rift led to the official breakup of P-Square, with each brother going on to develop his own solo career.

Despite this, fans were given renewed hope in 2022 when the brothers collaborated on tracks such as “Jaiye” and “Find Somebody,” and even appeared together at public events.

Peter’s detailed testimony has brought to light serious concerns about financial mismanagement and a lack of transparency within the P-Square brand.

His account underscores the inherent complexities of managing joint creative and financial ventures.

This is particularly, when trust and clear communication begin to erode among key stakeholders, even when those stakeholders are family.

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