The Economic and Financial Crimes Commission (EFCC) has told a Lagos State Special Offence Court that it lacks evidence to support Peter Okoye’s allegations that his brothers, Jude and Paul Okoye, fraudulently withdrew $800,000 from their company account.
Peter had accused Jude and Paul of diverting P-Square funds, operating 47 undeclared bank accounts, and manipulating the shareholding structure of Northside Entertainment Ltd. However, during cross-examination, EFCC counsel Mohammed Bashir stated that the commission could not present evidence to support the alleged withdrawal.
“We do not have it. It is his evidence. Let him prove it. I can’t give what I don’t have,” Bashir said.
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The defence also tendered Corporate Affairs Commission records contradicting Peter’s claim that Jude owned 80% of Northside Entertainment. The EFCC denied possessing records of the 47 bank accounts, with Bashir saying, “I do not have 47 bank accounts. It is one of the witness’s claims, but I do not have such a copy”.
The case has been adjourned to December 12, 2025, for continuation of trial.