WATCH THE VIDEO HERE Former manager of the defunct music group P-Square, Jude Okoye, has been granted bail in the sum of ₦100 million ahead of his trial for alleged ₦1.38 billion fraud. Okoye was arraigned by the Economic and Financial Crimes Commission (EFCC) on charges of money laundering involving ₦1.38 billion, $1 million, and £34,537.59. He pleaded not guilty and was initially remanded at the Ikoyi Correctional Facility by Justice Alexander Owoeye of the Federal High Court, Lagos. During Friday’s hearing, Okoye’s lawyer, Inibehe Effiong, filed a bail application, requesting that his client be remanded in EFCC custody pending the trial. However, the prosecution counsel, Larry Peters Aso, opposed the request, arguing that Okoye was a flight risk who could tamper with witnesses. On Monday, Justice Owoeye ruled in favor of Okoye’s bail request, setting strict conditions: His trial is set to begin on April 14, 2025. Jude Okoye is the elder brother of Paul and Peter Okoye, the former P-Square duo who split in 2017 following a bitter dispute. Although they briefly reconciled in November 2021, tensions resurfaced, particularly over Jude’s role as their former manager. In August 2024, Paul, now known as Rudeboy, accused Peter (Mr. P) of orchestrating his arrest by the EFCC. Peter denied the claim and instead alleged that Jude had siphoned millions of dollars from their shared account into a hidden company, prompting him to report the matter to the anti-graft agency. Jude Okoye, however, insists that he did everything possible to reconcile his younger brothers, even claiming to have “sacrificed himself” for peace.
Court Grants Jude Okoye ₦100 Million Bail In Alleged ₦1.38 Billion Fraud Case
