Okoye appeared before the Lagos State Special Offences Court in Ikeja on Tuesday, March 4, where the EFCC accused him and his company, Northside Music Limited, of dishonestly diverting funds meant for singer Peter Okoye.
According to EFCC prosecutor Mohammed Bashiru, Okoye allegedly misused $767,544.15 paid by Lex Records Limited for digital distribution and publishing royalties. He was also accused of converting £34,537.59 from the same source, along with $133,566.49 from Kobalt Music and $118,652.23 from Mtech Limited between 2016 and 2023.
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