The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye, former manager and elder brother of P-Square’s Paul and Peter Okoye, on charges of laundering ₦1.38 billion, $1 million, and £34,537.59.
He was arraigned alongside his company, Northside Music Ltd, before Justice Alexander Owoeye of the Federal High Court in Lagos.
The charges include acquiring a property worth ₦850 million and converting over $1 million through a bureau de change to conceal funds linked to unlawful activities. Okoye pleaded not guilty, and his counsel, Inibehe Effiong, requested bail and for his client to remain in EFCC custody.
However, the prosecution opposed this, citing congestion. The judge adjourned the bail hearing to February 28 and ordered Okoye’s remand in the Ikoyi correctional facility until trial begins on April 14.
