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Alleged $1m, £34,537 Scam: EFCC Presents First Witness, Peter Okoye against Ex-P-Square Manager
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The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Friday, May 16, 2025, presented its first prosecution witness, PW1, Peter Obumuneme Okoye,( a.k.a Mr P) against Jude Chigozie Okoye, elder brother and former Manager of Paul and Peter Okoye, before Justice Rahman Oshodi of the State High Court sitting in Ikeja, Lagos.
Okoye is standing trial alongside his company, Northside Music Ltd., on a four-count charge bordering on alleged stealing to the tune of $1m and £34,537 .
Led in evidence by the prosecution counsel, Mohammed Bashir, the PW1 told the court that his brother’s wife, Ifeoma, owned 80 per cent of Northside Music Ltd, while Jude retained the remaining 20 percent shares.
He said: “ I went to the EFCC with my lawyer to submit the petition on January 22, 2024. I initially wrote Northside Music as the respondent. But upon various investigations carried out by the Commission, it was discovered that Jude’s wife, Ifeoma, is the owner of the company because she owes 80 per cent shares, while Jude retains the remaining 20 per cent.
“I submitted the petition and I never spoke to either Paul or Jude until early April in 2024 when the EFCC asked if my twin brother was involved and I said I did not know.
“The Commission discovered there were over 47 bank accounts used by Jude to receive royalties.”
He also told the court that though both Paul and Jude were later invited by the Commission, the latter was detained.
In his further evidence, he said: “Jude never denied that he committed the crime. However, my twin brother told me during a meeting at the EFCC office that our elder brother owns P-Square.
“Paul told me Jude owns 40 per cent, while the two of us owe 30 per cent each.
“Ifeoma was never part of our engagement and I was not aware when Northside Music was registered.
“Northside Music, according to my findings, was registered in 2015 and had been operating illegally two years prior to our break-up.”
The prosecution, thereafter, sought to tender the petition dated January 22, 2024.
There was no objection to its admissibility by the lead counsel to the defendants, Clement Onwuenwunor, SAN.
Earlier in the proceedings, the witness had told the court that he and his twin brother, Paul, started their music career in 1999.
He had also told the court that between 2005 and 2006, they floated a company, Northside Entertainment Ltd, where they were directors and shareholders.
He, however, said Jude was the sole signatory to the company’s three accounts domiciled in Eco Bank, First City Monument Bank (FCMB) and Zenith Bank.
“ They were both Naira and Dollar accounts and Jude was the sole manager of all the accounts.
“In September 2017, P-Square broke up and we came back together in November 2021.
“Within the period, I never received any royalty paid into our company.
“Before we broke up in 2017, every royalty was being paid into Northside Entertainment Ltd., where the three of us were shareholders.
“We have two aggregators (streaming platforms that generate income): I-rocking.com and Free me digital, which I was aware of.
“When people play our songs on their mobile phones, it generates income: and so, we receive funds from these two aggregators prior to our split.”
The PW1, who said he went solo as Mr P after the group broke up and got a different manager, further told court that “ When we got back without him being our manager, I discovered a similar company was run by our brother known as Northside Music.
“I started seeing some discrepancies in the way royalties were sent to me and my twin brother . When I went for a tour in London, some individual approached us if we would like to sell our catalogs, but they needed to see the back-end.
“After so much attempt to get the back-end from Jude, I discovered that he had tampered with the original one, which made over seven companies to have a rethink of purchasing the catalogs.”
The case was adjourned till May 23 for continuation of trial.
News
Enikanolaiye Appoints Elesho, Oni As Media Aides to Drive Strategic Communications, Digital and Public Diplomacy
By Gloria Ikibah
The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, has approved the appointment of two media professionals to strengthen the communication of the ministry’s mandate and the Federal Government’s Renewed Hope Agenda.
The appointments, announced by the Spokesperson of theMinistry, Kimiebi Imomotimi Ebienfa, are Mr Richard Elesho as Special Assistant on Media and Strategic Communications and Mr Raphael Oni as Special Assistant on Digital and Public Diplomacy.
According to the ministry, the two appointees bring decades of combined experience in journalism, public affairs, government communication and media management.
Elesho is a graduate of Delta State University, Abraka, and Kogi State University, Anyigba. He previously served as Chief Press Secretary and Director-General, Media Affairs, to two former Governors of Kogi State, Alhaji Ibrahim Idris and Capt. Idris Wada.
Until his latest appointment, Elesho was the North Central Bureau Chief of The News/PM News.
Oni, described by the ministry as a specialist in diplomatic reporting, has more than 15 years’ experience spanning government communication, public diplomacy and international relations.
An award-winning photojournalist and diplomatic correspondent, he holds a Master’s Degree in International Relations and Diplomacy from the University of Abuja.
He has been the publisher of Diplomats Extra Magazine since 2013, a publication focused on diplomacy and international affairs and read by ministries, departments and agencies, embassies and other stakeholders.
Oni has also served two terms as Secretary-General of the Diplomatic Correspondents Association of Nigeria (DICAN), as well as Secretary-General of the NUJ Correspondents Chapel, Abuja.
The ministry said the appointments were aimed at improving its communication efforts and ensuring more effective engagement with the media and the public on Nigeria’s foreign policy and diplomatic activities.
Ebienfa urged stakeholders to support the new media team and foster a cordial working relationship with the appointees.
“Let us give them the necessary support and looks forward to cordial working relationship with them,” he said.
News
Aviation labour bodies give airline operators 72hrs deadline over unionization, TSC
The National Union of Air Transport Employees (NUATE) and the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) have issued a three-day notice of strike to Nigeria’s domestic airlines, accusing the operators of blocking workers from unionising and non-remittance of ticket sales charges owed to the Nigerian Civil Aviation Authority (NCAA).
In a statement issued at the weekend, the unions said they were escalating the issue after the warning they gave on August 4, when the unions announced a notice of picketing and declared they were prepared to strike “at any time without further notice.”
Describing the latest move as a gesture of restraint, the unions said they were giving the airlines a further three days to address their grievances before industrial action begins. In the statement, the unions accused airlines of two major infractions.
They alleged that airlines have made it impossible for members of staff to join unions freely, despite repeated efforts by the aviation unions to secure that right.
They said workers are too afraid to even express interest in union membership for fear of discrimination.
The unions also accused the airlines of withholding a 5% charge on ticket sales that is meant to fund the operations of aviation agencies. According to the statement, the non-remittance of these funds has stalled the implementation of collective bargaining agreements already negotiated on behalf of union members.
The statement read: “In relaxing the notice of picketing, dated 4th August 2026 by our unions, with a statement that we were ready to strike at anytime without further notice, we hereby magnanimously issued a 3-day Notice of Strike upon the defaulting domestic airlines principally for the following infractions:
”Making unfettered unionization of staff in their organisation impossible after several efforts by the aviation unions. Their workers dare not even express the intention to belong to unions of their choices.
”Non-remittance of the already collected, but withheld 5% ticket sales charge, which is the operational fund of the aviation agencies, thereby rendering our members negotiated collective bargaining agreements at the aviation agencies nugatory so far. This continues to breed disgruntled air transport workers; the implication of which is an accident in the waiting!
“We want unequivocal declarations through circulars and other direct means of communication to their staff that they are free to join unions of their choices without fear of victimisation.
We want an immediate remittance of the seized operational funds of the aviation agencies to allow for the implementation of the conditions of service of our members in the various aviation agencies.”
News
NERC dissolves Kaduna Disco’s board over N456bn debt
The Nigerian Electricity Regulatory Commission (NERC) has assumed direct control of Kaduna Electricity Distribution Plc (Kaduna DisCo), dissolving the utility’s board and stripping its core investor of management authority over a N456 billion debt.
NERC said in an order dated August 10 that Kaduna Electricity, known as Kaduna DisCo, is in a “grave situation” marked by prolonged default, weak commercial performance and a balance sheet where liabilities have outrun assets.
The regulator invoked its intervention powers under sections 75 to 79 of the Electricity Act 2023, the strongest tool available to it short of revoking the company’s license outright.
“The commission therefore is obliged to act in the public interest and to safeguard continuity of distribution services in KAEDC’s network area,” the order states, citing the risk that further delay could trigger an unplanned collapse of service and expose Nigeria’s electricity market to systemic risk.
Kaduna DisCo’s cumulative market debt had climbed to roughly N456.5 billion as of May, split between N415.5 billion owed to the Nigerian Bulk Electricity Trading Plc and N41 billion owed to the system operator, according to the order.
The utility has also built up N14.26 billion in other statutory and third-party obligations, and has racked up more than N118.6 billion in additional market debt since ASI Engineering Limited took over operations in June 2024.
Kaduna DisCo paid just 41.93 percent of its adjusted market invoices in the year through December, leaving a shortfall of about N46.71 billion, the regulator’s data show.
That underperformance tracked losses across the network; aggregate technical, commercial and collection losses averaged 71.88 percent for the year, meaning the utility billed for barely more than a quarter of the power it received.
Capital investment lagged even further behind commitments. Actual spending in 2025 came to about N2.48 billion against a required minimum of N24.51 billion, a shortfall the regulator pinned largely on the commission’s own forbearance rather than any acceleration by the investor.
Meter coverage, meanwhile, stayed below 36 percent of customers throughout the year despite repeated industry-wide pushes to close the metering gap.
NERC had conditionally cleared ASI’s plan to acquire 60 percent of Kaduna DisCo in January 2024, working alongside a technical partner, Akanksha Power and Infrastructure Limited.
That approval carried a list of conditions, proof of the partner’s operating capacity, a compliance roadmap, bank guarantees to the market operator and trading company, and management vetting, among others, that the regulator said were never fully satisfied even after ASI assumed day-to-day control.
In a letter dated August 25, 2025, ASI told the commission it had met and was sustaining the approval conditions, pointing to restructured technical teams, loss-reduction and metering projects, and efforts to arrange equity and debt financing. Regulators found the supporting evidence insufficient. “The supporting submissions… did not provide adequate evidence of compliance with the conditions,” the order says, adding that documentation for planned infrastructure and technical-advisory work was missing.
Talks came to a head after the commission warned Kaduna DisCo’s shareholders and the Africa Export-Import Bank in a formal notice that an intervention was imminent unless a credible financial rescue plan materialised.
Representatives of the investor group met regulators, the Bureau of Public Enterprises, Afrexim and Fidelity Bank at Afrexim’s offices on June 11. All parties agreed at that meeting that ASI had not met the original takeover conditions or separate requirements set by the Bureau of Public Enterprises for finalising the share sale.
ASI asked for as much as 24 months more to stabilise cash flow and reach full market remittance. The commission, working with the Bureau of Public Enterprises and Afrexim, rejected the request, concluding that a further extension of similar length was not justified given the continuing risk to customers and the market, and that ASI had failed to back the request with a credible plan.
Under the order, KAEDC’s board is dissolved and its directors removed, with a seven-member interim board of special directors, chaired by Abdullahi Garba and including a representative from the Bureau of Public Enterprises, installed for an initial six-month term.
The utility’s incumbent managing director, Abubakar Umar Hashidu, has been retained as administrator to run day-to-day operations, while background-clearance approvals for the wider management team have been withdrawn pending revalidation.
Afrexim will lead a competitive process, coordinated with the regulator, to find a replacement core investor within 12 months, with interim milestones for transaction documents, bidder shortlists and financing terms due at 60, 180 and 270 days. Prospective bidders will need to show working capital, a five-year turnaround plan and bank guarantees covering at least three months of market invoices.
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