Jude Okoye, former manager of Psquare and elder brother to music duo Peter and Paul Okoye, has regained his freedom after fulfilling bail conditions in his ongoing N1.38 billion money laundering case.
Jude and his company, Northside Music Limited, are currently facing a seven-count charge before Justice A. Owoeye of the Federal High Court in Ikoyi, Lagos. The charges involve alleged laundering of N1.38 billion, $1 million, and £34,537.59. He pleaded not guilty during his arraignment on February 26, 2025, and was initially granted bail in the sum of N100 million.
Subsequently, on March 3, the Economic and Financial Crimes Commission (EFCC) filed an additional four-count charge, accusing him of misappropriating music royalties belonging to his brothers. The EFCC claimed that Jude unlawfully diverted amounts such as $767,544.15, £34,537.59, $133,566.49, and $118,652.20 for personal use, thereby denying Peter Okoye access to his share.
The court granted Jude a second bail worth N50 million in relation to the amended charges, which he initially struggled to meet. However, on Wednesday evening, Paul Okoye shared the news of Jude’s release via Instagram, posting videos of his brother exiting Ikoyi prison and reuniting with family after over two months in custody. “Jude is finally out after 2 months +. All their efforts to frustrate his bail have finally collapsed. Welcome home brother @judeengees and happy birthday,” Paul wrote. The case continues to draw public interest, particularly after Peter Okoye recently gave testimony in court about the breakdown of his professional relationship with Jude.
Source : https://www.vanguardngr.com/
