- Jude Okoye, former manager of P-Square, has been granted bail in the sum of N100 million.
- He was arraigned by the EFCC on charges of laundering N1.38 billion, $1 million, and £34,537.59.
- Okoye pleaded not guilty and was initially remanded in the Ikoyi Correctional Facility.
- The bail conditions require two sureties with landed property in Lagos worth N100 million.
- Okoye is prohibited from traveling outside Nigeria without court approval.
- His trial is set to begin on April 14, 2025.
A Federal High Court in Ikoyi, Lagos, has granted Jude Okoye, the elder brother and former manager of the defunct music group P-Square, bail in the sum of N100 million ahead of his trial for alleged fraud. He was arraigned by the Economic and Financial Crimes Commission (EFCC) on charges of laundering N1.38 billion, $1 million, and £34,537.59 .
Okoye pleaded not guilty and was initially remanded in the Ikoyi Correctional Facility by Justice Alexander Owoeye. His counsel, Inibehe Effiong, had requested that he be kept in EFCC custody instead, but the prosecution counsel, Larry Peters Aso, opposed the request .
The bail conditions require Okoye to provide two sureties, each with landed property in Lagos worth N100 million. The court must verify the property documents, and Okoye is prohibited from traveling outside Nigeria without approval . His trial is set to begin on April 14, 2025 .
