Peter Okoye Admits Being Co-signatory to Account Linked to $1 Million Fraud

Peter Okoye Admits Being Co-signatory to Account Linked to $1 Million Fraud

Nigerian music star Peter Okoye, popularly known as Mr P of the defunct music duo P-Square, has admitted to being a co-signatory to a bank account linked to an alleged $1 million fraud case, according to reports from an ongoing investigation.

The revelation emerged during recent proceedings involving financial authorities probing the alleged fraudulent transaction, which is said to involve a foreign currency transfer worth about $1 million. Investigators reportedly traced the funds to an account where Okoye was listed as one of the signatories, raising questions about his role in the transaction.

In his statement, Okoye acknowledged being a co-signatory to the account but denied having any knowledge of fraudulent activities connected to the funds. He explained that his involvement was limited to a business arrangement and insisted that he was unaware of any illegal transactions carried out through the account.

“I was listed as a co-signatory, but I did not authorize or participate in any fraudulent activity. I am willing to cooperate fully with investigators to clear my name,” he reportedly stated.

Financial crime authorities have not yet formally charged Okoye, and he is currently being treated as a person of interest in the investigation. Sources familiar with the case say further inquiries are ongoing to determine the origin of the funds, the parties involved, and whether any criminal intent can be established.

Legal experts have noted that being a co-signatory to an account does not automatically imply guilt, but it could raise serious questions depending on the level of involvement and awareness of transactions carried out through the account.

Peter Okoye has built a successful solo career after P-Square’s breakup, releasing multiple hit songs and expanding into business ventures. The allegations have sparked reactions across social media, with fans urging caution and calling for due process, while others have demanded transparency.

As investigations continue, authorities have urged the public to avoid speculation and allow the legal process to run its course. More details are expected to emerge in the coming days as the probe progresses.