The Economic and Financial Crimes Commission (EFCC) will arraign Jude Okoye, former manager and elder brother of Paul and Peter Okoye (P-Square), on Tuesday at the Lagos State Special Offences Court, Ikeja. He faces a four-count charge over the alleged misappropriation of $1 million and £34,537.59 in music royalties.
Initially set for Monday, his arraignment was postponed due to his absence in court. The EFCC alleges that between 2016 and 2023, Okoye dishonestly converted royalties paid by Lex Records, Kobalt Music, and Mtech Limited, depriving Peter Okoye of his share.
Meanwhile, the Federal High Court in Ikoyi has granted Okoye ₦100 million bail, with conditions including two sureties and a travel ban. Until he meets these terms, he remains in custody.
In a separate case, Okoye and Northside Music Limited were arraigned for money laundering involving ₦1.38 billion. The EFCC claims he used illicit funds to acquire an ₦850 million property in Ikoyi, Lagos, and laundered over $1 million through a Bureau de Change.
Okoye pleaded not guilty. The trial begins April 14, 2025, with Paul Okoye (Rudeboy) present in court for support.
