Songbux reports that the Peter Okoye Northside Account Probe has taken a dramatic twist as Peter Okoye admits to co signing Northside Entertainment bank account linked to a disputed one million dollar transaction. The revelation marks a notable shift from his earlier public position, where he strongly denied having any direct involvement or administrative control over the company’s financial records.
The disclosure reportedly emerged amid ongoing investigations by the Economic and Financial Crimes Commission which is examining allegations of fraud and diversion of funds connected to Northside Entertainment. The company has long been managed by the brothers’ elder sibling, Jude Okoye, and remains at the center of the widening controversy.
Peter Okoye, popularly known as Mr P of P Square, clarified that while his signature appears on the corporate banking documents, he did not exercise direct control over day to day financial transactions. According to him, his role as co signatory did not translate into active oversight or authorization of specific disbursements tied to the account.
Sources familiar with the dispute indicate that the issue has been a major point of friction between Peter, his twin brother Paul Okoye, and their elder brother Jude. The one million dollar transaction under scrutiny is believed to be connected to a deal involving a third party investor. Questions surrounding the mandate and signatory structure of the account have reportedly fueled months of internal disagreements and public exchanges among the brothers.
Investigative findings suggest that the Northside account was used for major business operations, including international bookings and high value brand endorsements. Although Peter previously maintained that he was sidelined from financial decisions, the emergence of his signature on banking documents necessitated what observers describe as a public clarification.
Industry analysts say the admission could have legal implications, particularly in shaping how the EFCC approaches any potential prosecution or negotiated settlement. By acknowledging his formal link to the account, Peter Okoye may be expected to provide additional details regarding the movement of funds and whether he played any role in approving transactions now being examined.
The situation has reignited conversations within Nigeria’s entertainment industry about transparency, accountability, and corporate governance in family managed enterprises. For a brand as influential as P Square, the ongoing financial dispute represents more than a private family disagreement. It has evolved into a high profile legal matter attracting national attention.
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As the EFCC continues its forensic review of the Northside accounts, stakeholders and fans alike are watching closely. Whether this admission will pave the way for reconciliation or further deepen the legal standoff remains uncertain, but the outcome could redefine both the business structure and public perception of one of Africa’s most iconic music acts.
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