Jude Okoye’s Wife Owns 800,000 Shares in Company-Witness

Alleged  $1m Theft: Ex-P-Square Manager,  Jude Okoye’s Wife Owns 800,000 Shares in Company-Witness

The first prosecution witness (PW1), Peter Obumuneme Okoye, in the ongoing trial of Jude Chigozie Okoye, an elder brother and former manager of Paul and Peter Okoye, has told Justice Rahman Oshodi of the  Lagos State High Court, Ikeja, that the defendant’s wife owns 800,000 shares in  Northside Music Limited.

 

 

Okoye, alongside his company, Northside Music Limited, is being prosecuted by the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on a four-count charge bordering on theft to the tune of over $1m. 

 

He pleaded not guilty to the charges when they were read to him.

 

 

 At the resumed trial of the matter  on Friday, December 12, 2025,  defence counsel, Clement Onwuenwunor (SAN) confronted the witness with the statements of account belonging to Northside Music Limited, detailing some transactions over a period of time

 

The PW1, however, stated the bank statements belonged to their joint business interest, saying, “These statements of account belong to me and my brother. We are P-Square. The company belongs to Peter and Paul. It was registered by him. I reported to the EFCC when I discovered funds were being diverted, and EFCC brought the matter to court". 

 

“My lord, we own an entertainment company together, and I discovered another company, Northside Entertainment Company diverting our funds. I showed it to my brother.”

 

He also confirmed that he petitioned the EFCC through his lawyer, and that the defendant’s wife owns 800,000 shares in the company in question.

 

The defence counsel, thereafter, sought to tender documents attached to the original petition submitted to the EFCC, insisting the documents were vital to their case

 

However, the prosecution counsel M. K. Bashir, objected to their admissibility, arguing that “the documents are public documents. 

 

“The defence merely produced copies stamped as Certified True Copies (CTC). They  were not attached to the petition, and they were not in proper legal form.”   He, therefore, urged the court to reject them.

 

In a short ruling, Justice Oshodi ruled that although the documents originated from the Corporate Affairs Commission (CAC) and ended in the EFCC’s custody, they did not meet the admissibility requirements of the court.

 

“I reject the documents and mark them as rejected,” the judge held.

 

The PW1 also confirmed that he wrote a statement at the EFCC after the petition was submitted by his lawyer.

 

The case was adjourned till February 20 and 27, 2026 for continuation of trial.