crime
Lagos Court Orders Remand Of Jude Okoye Over Fresh Fraud Charges
Jude Okoye, Former P-Square Manager, Granted Bail In Money Laundering Case
A Lagos court has ordered the remand of Jude Chigozie Okoye, the elder brother and former manager of P-Square, following his arraignment on new fraud charges…….READ MORE
The Economic and Financial Crimes Commission (EFCC) has filed a four-count charge against Okoye, accusing him of misappropriating over $1 million and £34,537.59 in music royalties intended for Peter Okoye.
The case was presented before Justice Rahman Oshodi of the Special Offences Court in Ikeja, Lagos, on Tuesday.
According to the EFCC, Okoye and his company, Northside Music Ltd, allegedly diverted digital music royalties belonging to P-Square between 2016 and 2023. The agency claims the funds were fraudulently converted for personal use, violating Sections 278 and 285 of the Criminal Law of Lagos State, 2011.
One of the charges alleges that between 2016 and 2023, Okoye dishonestly took $767,544.15 from Lex Records Limited, which was meant for P-Square’s digital music royalties, thereby depriving Peter Okoye of his rightful earnings. Another charge accuses him of misappropriating £34,537.59 from Lex Records. Additional allegations include the diversion of $133,566.49 from Kobalt Music Services Limited and $118,652.23 from Mtech Limited, both paid as music royalties.
Okoye pleaded not guilty to the charges.
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