One half of the defunct music duo, P-Square, Peter Okoye, also known as Mr P, on Friday admitted before the Lagos State High Court sitting in Ikeja that he is a co-signatory to the Northside Entertainment Limited bank account—contrary to his earlier testimony that his elder brother, Jude Okoye, was the sole signatory.
Peter made the admission while testifying before Justice Rahman Oshodi in the ongoing trial of Jude, who is facing charges of alleged $1m theft brought by the Economic and Financial Crimes Commission.
Earlier in the proceedings, Peter had told the court that Jude solely controlled the company’s accounts and financial dealings. However, during cross-examination, defence counsel, Clement Onwuewunor (SAN), confronted him with bank mandates indicating that Peter and his twin brother, Paul, were also signatories to the account.
When asked to explain his earlier claim that a bank had informed him he was only a shareholder and not a signatory, Peter said the information was obtained during a phone conversation with officials of what he described as a “new bank.”
“My Lord, the information I got was from a phone conversation with officials of the new bank,” he said.
But when specifically asked about the Northside Entertainment Limited account with Ecobank, the singer admitted, “My Lord, I am a co-signatory to the Northside Entertainment Limited account in Ecobank.”
Peter sought to clarify the apparent contradiction, explaining that Jude initially operated the account alone before later adding him and Paul as signatories.
