EFCC Arraigns Jude Okoye Over ₦1.38 Billion Money Laundering Case

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 EFCC Arraigns Jude Okoye, Ex-P-Square Manager, for Alleged ₦1.38 Billion Money Laundering, Remands Him in Ikoyi Prison Pending Trial


LAGOS – The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye, former manager and elder brother of Paul and Peter Okoye of the defunct music duo P-Square, on charges of laundering ₦1.38 billion, $1 million, and £34,537.59.

Okoye was arraigned alongside his company, Northside Music Ltd, before Justice Alexander Owoeye at the Federal High Court in Lagos on Wednesday. The seven-count charge includes allegations of acquiring property with proceeds of unlawful activities and laundering funds through bureau de change operations.

The EFCC alleged that in 2022, Okoye and Northside Music Ltd purchased a property worth ₦850 million in Ikoyi, Lagos, knowing it was linked to illicit funds. Another charge accuses him of converting over $1 million through bureau de change operators to conceal its illegal origins.

Okoye pleaded not guilty. His counsel, Inibehe Effiong, applied for bail and requested that his client remain in EFCC custody pending the hearing. However, the prosecution opposed the request, citing overcrowding.

Justice Owoeye adjourned the bail hearing to February 28 and set April 14 for trial. Okoye has been remanded at the Ikoyi Correctional Facility.


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