The Economic and Financial Crimes Commission has told the Ikeja High Court that it has no record to support Peter Okoye’s claim that his brothers, Jude and Paul, withdrew and shared more than $800,000 from their family music business.
The statement came during the continuation of the trial on Friday.
EFCC counsel M.K. Bashir informed the court that the agency could not present any document backing the allegation.
He explained that the claim was made by the witness and that it was his duty to prove it.
Peter had earlier told the court that he found new details showing that over $800,000 was taken and shared between March 2023 and October 2024.
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But when the defence questioned him, he changed the period of the alleged withdrawal to between 2013 and 2014.
The defence also asked the EFCC to present documents to support Peter’s claim that Jude managed 47 bank accounts.
Bashir said the commission had no such record and that it was only part of the witness’s claims.
Justice Rahman Oshodi turned down an oral request asking the court to order Peter to provide the bank accounts.
The judge explained that the documents were not before the court and must be sought through a formal application.
Peter also told the court that he only discovered another company, Northside Music Ltd, in 2024 after singer Cynthia Morgan sent him a contract with Northside Entertainment.
He said some of their albums were tied to Northside Inc even though the contract mentioned Northside Music.
The matter began after Peter petitioned the EFCC in January 2024, accusing Jude of diverting royalties, hiding accounts and using company funds to buy an N850 million property in Ikoyi.
The EFCC later moved Jude and Northside Music Ltd to court on charges linked to the handling of over $1 million, £34,537.59 and suspected money laundering through a bureau de change.
Earlier in the year, the defence tendered CAC documents showing that Jude owned 80 per cent of Northside Music while his wife held 20 per cent.
They also presented bank mandates listing Peter and Paul as Category B signatories, countering his claim that he was denied access to the accounts.
The trial will continue on December 12.
