The anti-graft company, Economic and Monetary Crimes Commission (EFCC), has told a Lagos Excessive Court docket, Ikeja division, that it possessed no documentary or forensic evidence backing claims that Jude Okoye and his twin brother, Paul, fraudulently withdrew $800,000 belonging to the defunct music community, P-Square.
The allegation traces to a 2024 petition by Peter Okoye, who accused Jude and Paul Okoye of fund diversion and secretly running 47 undisclosed bank accounts, whereas manipulating the shareholding building of Northside Leisure Ltd.
Twinny News reports that following the petition, the commission filed financial misconduct charges against Jude, linking them to the management of the P-Square trace.
Below contaminated-examination, EFCC counsel, M.Okay. Bashir, told Justice Rahman Oshodi that the commission would possibly perchance perchance per chance also no longer make proof for the alleged $800,000 withdrawal.
Pressed by the court to substantiate the tell, Bashir spoke back: “We invent no longer own it. It’s a long way his evidence. Let him recount it. I’m able to’t give what I don’t own.”
He further denied maintaining proof of the alleged 47 bank accounts, adding, “It’s a long way without doubt among the investigate cross-check’s claims, nonetheless I invent no longer own the kind of duplicate.”
Peter had earlier testified on Can also fair 23, 2025, that he received unusual proof showing Jude and Paul withdrew and shared over $800,000 between March 2023 and October 2024.
On the opposite hand, when confronted with discrepancies by defence counsel, Clement Onwuenwunor, SAN, Peter revised the timeline, claiming the withdrawal came about between 2013 and 2014. Onwuenwunor urged the court to recount Peter and EFCC to make evidence of the 47 accounts.
The mediate, nonetheless, struck down the query of, ruling that the defence must file a proper motion, because the documents weren’t portion of the court story or the admitted evidence.
The defence additionally challenged Peter’s assertion that Jude owned 80% stake in Northside Leisure.
Peter insisted he had evidence, nonetheless the defence counter-tendered Corporate Affairs Commission (CAC) extracts contradicting the tell, alongside side genuine records from the CAC.
Peter told the court he turned responsive to Northside Leisure handiest in 2024, when singer Cynthia Morgan shared her artist contract by Jude, bearing the company’s letterhead.
He clarified that whereas Cynthia signed below Northside Tune, her albums had been later credited to Northside Inc and Northside Inc. (US operations), alongside side releases catalogued below Inc and Inc US branches.
Justice Oshodi adjourned the case to December 12, 2025, for the continuation of trial complaints and final story production arguments.
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