The Digest:
The EFCC’s counsel stated the agency has no evidence to support Peter Okoye’s allegation that his brothers fraudulently withdrew $800,000 from Psquare’s account.
Key Points:
- The EFCC’s counsel told the court it has no evidence for Peter Okoye’s $800k fraud claim.
- The agency is prosecuting Jude Okoye and Northside Music Ltd for alleged money laundering.
- Peter had alleged Jude diverted funds and manipulated their company’s shareholding structure.
- In court, Peter revised the timeline of the alleged withdrawals from 2023-24 to 2013-14.
- Jude is charged with laundering N1.38bn, $1m, and £34,537.59 from music distribution payments.
- The case was adjourned to December 12, 2025, for continuation of the trial.
- The legal battle continues amid the public dissolution of the iconic Psquare group.
Sources: The Cable.
