An Ikeja Particular Offences Court docket on Thursday granted bail of N50 million to Jude Okoye, the previous supervisor of P-Sq., who has been charged with stealing $1 million and £34,537.
Jude, the elder brother of Peter and Paul Okoye, is standing trial alongside his firm, Northside Music Ltd., on a four-count cost of theft.
The Financial and Monetary Crimes Fee, EFCC, filed the costs in opposition to him, however he pleaded not responsible.
Delivering his ruling on the bail software moved by Jude’s lead counsel, Clement Onwuenwunor, SAN, Justice Rahman Oshodi mentioned he had thought of the affidavit proof and oral submissions offered by the events.
“The singular problem for willpower is whether or not or not the courtroom ought to train its discretion in favour of the primary defendant by granting him bail.
“Part 115 (2) of the ACJL confers discretion upon this courtroom to grant bail in circumstances not punishable by loss of life.
“I’m subsequently happy that the difficulty of bail needs to be resolved within the defendant’s favour,” the choose mentioned.
He, subsequently, granted the defendant bail within the sum of N50 million, with two sureties in like sum.
Oshodi said that the sureties have to be gainfully employed and supply proof of three years’ tax funds to the Lagos State Authorities.
He ordered the defendant to submit his twin citizenship paperwork to the chief registrar of the courtroom.
Oshodi additionally directed EFCC to inform the Immigration workplace to withhold the defendant’s worldwide passport pending the willpower of the case.
The courtroom adjourned the case till sixteenth Could for the graduation of trial.
