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Peter Okoye Admits Co-signing Account in $1M Fraud Case

Politics
Naijanews
Peter Okoye Admits Co-signing Account in $1M Fraud Case

Nigerian singer Peter Okoye has acknowledged being a co-signatory to a bank account associated with a $1 million fraud investigation during a trial at the Lagos High Court. This admission contradicts his previous claims of non-involvement in the case, which involves allegations against his elder brother, Jude Okoye, by the Economic and Financial Crimes Commission (EFCC).

The EFCC alleges that $1 million was misappropriated from Northside Entertainment Limited without proper approval, accusing Jude of misusing company funds and violating trust in handling the group's finances. Peter confirmed he co-signed the account alongside his twin brother, although he maintained that he did not sign cheques or carry out transactions.

He explained that he was initially informed by a bank official that he was included as a signatory after Jude was already on the account. The ongoing legal dispute follows a history of financial disagreements between the Okoye brothers, who previously managed the music group P-Square, leading to their split in 2017 and a brief reunion in 2021.

Plus234Feed summary based on reporting from Naijanews. Read the original report below.

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