jude okoye in prison.webp
The Digest:

A Lagos court has heard testimony that Ifeoma Okoye, wife of music executive Jude Okoye, owns 800,000 shares in a company at the center of an alleged $1 million fraud. According to the proceedings, the allegation was made by his brother and former bandmate, Peter Okoye.

Key Points :
  • Peter Okoye testified that Ifeoma Okoye, Jude's wife, owns 800,000 shares in Northside Music Limited
  • Jude Okoye is on trial for allegedly diverting over $1 million from the Psquare brand's accounts
  • Peter is the first prosecution witness, having petitioned the EFCC over financial misconduct in 2024
  • He alleged Jude operated 47 undeclared bank accounts and manipulated shareholding structures
  • The defence attempted to tender Corporate Affairs Commission documents, but the judge rejected them
  • The judge ruled the documents were not in proper legal form for admission as evidence
  • The case has been adjourned to February 2026 for the continuation of the trial
When family business becomes courtroom evidence, shares and statements trace the anatomy of a rift, transforming private grievance into public testimony.

Sources: The Cable, Premium Times