The dispute between the Okoye brothers escalated again last week as The EFCC publicly distanced itself from the $800,000 fraud accusation that singer Peter Okoye levelled against his elder brother, Jude Okoye. The EFCC’s position shocked many followers of the long-running Psquare family conflict, especially because the case had received wide attention since Peter initiated legal action over claims of missing funds.
EFCC Says It Has No Proof Against Jude
A new twist emerged during the recent proceedings at the Lagos State Special Offences Court in Ikeja, where the matter was heard on Friday, November 28, 2025. According to a report shared by Broadstreet Radio, the anti-graft agency made a definitive statement regarding the controversial allegation.
While under cross-examination, Mohammed Bashir, who represented The EFCC in court, clarified that the agency had carefully reviewed the accusation but found no evidence to support Peter Okoye’s claim that his brother diverted $800,000 belonging to Psquare. Bashir emphasized that The EFCC could not present evidence it did not possess, insisting that if Peter truly believed the funds were mismanaged, he must bring forth proof to back his allegation.
This official stance triggered reactions from the public, given that the case had been framed by some as a major financial scandal within the entertainment industry.
Background of the Financial Dispute
The legal dispute between the brothers dates back to 2024. At the time, Jude Okoye and his company, Northside Music Limited, were accused of unlawfully handling royalties belonging to the now-dissolved Psquare group. Court documents alleged that Jude and the company withheld and converted about $1 million and £34,000 derived from digital music distribution and publishing deals involving Psquare’s catalogue.
According to the initial claims presented by The EFCC, Jude and Northside Music Limited had allegedly processed and retained $767,544.15 paid by Lex Records Limited for Psquare’s digital distribution rights. The allegation stated that the money was diverted in a manner that suggested an intention to permanently deny Peter Okoye access to his rightful portion.
The case accelerated early in 2025, leading to Jude Okoye’s arraignment. In March 2025, he was granted bail set at N50 million while the court continued reviewing the accusations and testimonies.
Family Tension Deepens as Paul Backs Jude
One of the most dramatic moments in the unfolding saga happened when their brother Paul Okoye publicly aligned himself with Jude. The development heightened the tension between the siblings and sparked conversations across social media about the long-standing issues within the Psquare brand. Following his decision, Paul reportedly unfollowed Peter on major social media platforms, signalling a deepening personal and professional divide.
Observers noted that the family dispute seemed to move beyond financial matters into a broader conflict over loyalty, management roles, and unresolved grievances from the Psquare split.
What Comes Next?
With The EFCC now officially stating that it has no evidence of wrongdoing on Jude’s part regarding the alleged $800,000 diversion, the responsibility shifts heavily toward Peter Okoye. Legal analysts suggest that if he is unable to produce clear proof, the case may tilt significantly in Jude’s favour.
For now, the court proceedings continue, and both fans and industry observers await further updates on one of the most publicized family feuds in Nigerian entertainment.