An Ikeja Particular Offence on Thursday granted Jude Okoye, the previous supervisor of P-Sq., bail of N50 million.
PREMIUM TIMES on Tuesday reported that the case, filed as ID/25362C/2025—Federal Authorities vs Jude Chidozie Okoye, includes allegations of cash laundering within the quantity of N1.38 billion, $1 million, and £34,537.59, introduced in opposition to him by the Financial and Monetary Crimes Fee (EFCC).
Jude, the elder brother of the defunct twin singing sensation PSquare, is standing trial alongside his firm, Northside Music Ltd., on a four-count theft cost.
The Financial and Monetary Crimes Fee, EFCC, filed the fees in opposition to him, however he pleaded not responsible.
He delivered his ruling on the bail software moved by Jude’s lead counsel, Clement Onwuenwunor, SAN.
Justice Rahman Oshodi mentioned he had thought-about the affidavit proof and oral submissions introduced by the events.
“The singular subject for dedication is whether or not or not the courtroom ought to train its discretion in favour of the primary defendant by granting him bail.
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Part 115 (2) of the ACJL confers discretion upon this courtroom to grant bail in instances not punishable by loss of life. I’m due to this fact happy that the problem of bail needs to be resolved within the defendant’s favour,” the choose mentioned.
He, due to this fact, granted the defendant bail within the sum of N50 million, with two sureties in like sum.
Justice Oshodi acknowledged that the sureties should be gainfully employed and supply proof of three years’ tax funds to the Lagos State Authorities.
READ ALSO: Alleged N1.38 Billion Fraud: Jude Okoye remanded as courtroom fixes new date for bail listening to
He ordered the defendant to submit his twin citizenship paperwork to the courtroom chief registrar.
Justice Oshodi additionally directed the EFCC to inform the Immigration workplace to withhold the defendant’s worldwide passport pending the dedication of the case.
The courtroom adjourned the case till sixteenth Might for the graduation of trial.
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