Emmanuel Thomas I Monday, March 03, 2025
IKOYI, Lagos – Jude Okoye, the former manager to P-Square made up of Peter and Paul Okoye is now cooling his head at Ikoyi Correctional Centre following his arraignment before Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos.
He is to mingle with fellow inmates pending the perfection of his N100 million bail.
Jude Okoye as well as his company, Northside Music Limited was arraigned on a 7-count charge of fraud by the Economic and Financial Crimes Commission, EFCC.
He entered a “Not Guilty” plea when the seven counts charge were read to him February 26, 2025.
One of the counts reads:
“That you, Jude Okoye Chigozie and Northside Music Limited sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth ₦850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful act and thereby committed an offence contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
At today’s proceeding, defence counsel, Inibehe Effiong, moved the bail application for his client citing medical grounds.
He prayed the court to grant the bail.
Prosecuting counsel, Fanen Anum, however, opposed the bail application, urging the court to refuse it and instead grant accelerated hearing.
“He is a flight-risk and he may interfere with the prosecution’s witnesses,” he said.
After listening to all the submissions, Justice Owoeye noted that charges against Jude Okoye were bailable and granted him bail in the sum of N100 million, with two sureties in like sum, one of whom must have landed properties within the court’s jurisdiction.
The court further ordered that he must notify the EFCC before any travel outside the jurisdiction.
The court also ruled that Jude Okoye cannot travel out of the country during the pendency of his trial and is to remain at the Ikoyi Correctional facility until he perfects his bail conditions.
He adjourned the matter till April 14, 2025.
Meanwhile, Jude okoye is facing a fresh charge of alleged theft of more than $1.01m, and £34,537.59
He is due for arraignment before justice Rahman Oshodi of the Lagos state special offences court, ikeja on Tuesday.
Meanwhile the EFCC has filed another charge of alleged theft of more than $1.01million, and £34,537, against Jude okoye and his company.
He will be arraigned on tuesday
Before justice Rahman Oshodi of the Lagos state special offences court, Ikeja.
In this separate charge Jude Okoye is accused of illegally and dishonestly converting the said monies paid by four companies as payments for music distribution, as well as publishing royalties and with intent to permanently deprive his brother, Peter Okoye (Mr P) his special interest in the property.
He is said to have committed these offences between 2016 and 2023.
