The Economic and Financial Crimes Commission (EFCC) has told a Lagos State Special Offences Court that it has no evidence to substantiate singer Peter Okoye’s claim that his brothers and former bandmates, Jude Okoye and Paul Okoye, fraudulently withdrew $800,000 from their company account.

Peter, also known as Mr P, had petitioned the EFCC in 2024, accusing Jude of diverting P-Square’s earnings, operating 47 undisclosed bank accounts, and manipulating the shareholding structure of Northside Entertainment Ltd — the company jointly owned by the brothers. This petition led to Jude and Northside Music Limited being arraigned on March 4, 2025, on four counts relating to the alleged conversion of $1 million and £34,000 in royalties from digital distribution and publishing. Jude secured bail on March 6.

During testimony on May 23, 2025, Peter alleged that newly-obtained evidence showed Jude and Paul withdrew and shared over $800,000 between March 2023 and October 2024. Under cross-examination, he revised the alleged timeline to 2013–2014 and insisted Jude operated 47 bank accounts and controlled 80% of Northside Entertainment.

However, at the resumed hearing last Friday, November 28, EFCC counsel Mohammed Bashir told Justice Rahman Oshodi that the commission had no records to support Peter’s claim.

“We do not have it. It is his evidence. Let him prove it. I cannot give what I do not have,” Bashir stated.

He also clarified that the commission had no documentation proving the alleged 47 accounts.

The defence team tendered Corporate Affairs Commission documents contradicting Peter’s claim that Jude held an 80% stake in the company.

Peter admitted in court that he only became aware of Northside Music in 2024 when singer Cynthia Morgan sent him her contract bearing the company’s letterhead, despite her albums being credited to Northside Inc.

Justice Oshodi adjourned the matter to December 12, 2025, for continuation of trial.