In a significant development, the Economic and Financial Crimes Commission (EFCC) has arraigned Jude Chigozie Okoye, the older brother and former manager of the renowned music duo P-Square, on fresh charges of financial misconduct. The arraignment took place on Tuesday, March 4, 2025, before Justice Rahman Oshodi of the Special Offences Court in Ikeja, Lagos. Jude Okoye, alongside his company Northside Music Ltd, faces four-count charges related to the alleged theft of substantial sums in foreign currencies.
The charges against Jude Okoye and Northside Music Ltd pertain to the alleged dishonest conversion of funds meant for music digital distribution and publishing royalties. The alleged offenses were committed between 2016 and 2023, violating Sections 278 and 285 of the Criminal Law of Lagos State, 2011. Specifically, Jude Okoye is accused of diverting $767,544.15 paid by Lex Records Limited, £34,537.59 also from Lex Records Limited, $133,566.49 from Kobalt Music Services Limited, and $118,652.23 from Mtech Limited. These funds were intended as royalties but were allegedly converted for personal use with the intent to permanently deprive Peter Obunmuneme Okoye of his special interest in the property124.
During the arraignment, Jude Okoye pleaded “not guilty” to all charges. The prosecution counsel, M.K. Bashir, requested a trial date and sought to have Jude Okoye remanded in a correctional center. However, the defense counsel, Clement Onwenwnor, SAN, informed the court of a pending bail application and requested a short adjournment for its hearing. The court ultimately ruled that Jude Okoye be remanded at the Ikoyi Correctional Centre and set the hearing for his bail application for March 6, 2025, with the trial scheduled for May 16 and 23, 202545.
Jude Okoye is also facing a separate seven-count charge before Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos. This case involves allegations of money laundering related to ₦1.38 billion, $1 million, and £34,537.59. In this matter, Jude Okoye was granted bail in the sum of N100 million with two sureties on March 3, 2025.
The news of Jude Okoye’s arraignment has sent shockwaves through the entertainment industry and beyond. Many are surprised by the fresh allegations, especially given his recent bail in the other case. The situation highlights the ongoing legal challenges faced by Jude Okoye and the scrutiny he is under from the EFCC.
Conclusion
The arraignment of Jude Okoye on these fresh charges underscores the EFCC’s commitment to investigating financial crimes and ensuring accountability. As the legal proceedings unfold, it will be crucial to follow the developments closely to understand the implications for Jude Okoye and the broader entertainment industry. The case serves as a reminder of the importance of transparency and integrity in financial dealings, particularly in sectors where large sums of money are involved.
In conclusion, Jude Okoye’s legal battles are far from over, with significant financial and reputational stakes at play. The outcome of these cases will not only impact his personal and professional life but also reflect on the broader music industry in Nigeria. As the trial progresses, it will be important to monitor how these developments affect the Okoye family and their business ventures.
