The EFCC will on Tuesday arraign Jude Okoye, the elder brother and supervisor of Peter Okoye (Alias Mr P) and Paul Okoye ( Alias Rudeboy), Jude Okoye, on contemporary costs of $1,019,763.87 and £34,537.59 theft, earlier than the Lagos State Particular Offences Court docket in Ikeja.
The EFCC filed the 4 counts earlier than Justice Rahman Oshodi.
PREMIUM TIMES reported how Jude was remanded in court docket and the way Rudeboy alleged that his twin brother, Peter (Mr P), filed a petition with EFCC accusing Rudeboy and their elder brother Jude of monetary mismanagement and was behind Jude’s ordeal.
Initially slated for Monday, the arraignment couldn’t proceed because the Ikoyi Correctional Centre had not acquired any data for his arraignment at Ikeja.
Within the cost marked Ref/99260/2025, the EFCC accused Jude of dishonestly changing $767,544.15 to his use, the alleged sum which was paid to Lex Data Restricted as fee for music digital distribution/publishing royalties with intent to completely deprive Peter Okoye of his particular curiosity within the property.
He was additionally accused of getting a while between 2016 and 2023, dishonestly transformed the sum of £34,537.59, paid by Lex Data restricted as fee for music digital distribution/ publishing royalties with intent to completely deprive Peter Okoye of his particular curiosity within the property.
Extra allegations
The fee alleged that P—Sq.’s ex-manager dishonestly transformed $133,566.49, which was paid by Kobalt Music digital distribution/publishing royalties, to completely deprive Peter Okoye of his particular curiosity within the property.
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The anti-graft company mentioned the defendant dishonestly transformed $118,652.23, paid by Mtech Restricted, into fee for music digital distribution publishing royalties with the intent to completely deprive Peter Okoye of his particular curiosity.
In keeping with EFCC, the offences dedicated contravened sections 278 and 285 of the felony legal guidelines of Lagos State 2011.
Earlier, the Federal Excessive Court docket in Lagos on Monday granted him N100m bail
Justice Alexander Owoeye granted him bail with two sureties in like sum.
Jude was arraigned on 26 February 2025 earlier than the court docket by the Financial and Monetary Crimes Fee on an alleged crime of cash laundering involving N1.38bn, $1m, and £34,537.59.
He was arraigned alongside his firm, Northside Music Restricted, on seven counts most popular towards him by EFCC.
The Fee advised the court docket that the defendant, alongside his Northside Music Restricted someday in 2022, in Lagos, straight acquired a landed property referred to as No 5, Tony Eromosele Road Parkview Property, Ikoyi, Lagos, price N850,000,000. (Eight hundred and fifty million naira)the cash he knew or moderately must have recognized varieties a part of the proceeds of illegal actions.
The anti-graft company additionally alleged that Jude and his firm, in 2022, used a Bureau De Change to transform $1,019,762.87, held in an Entry Checking account operated by Northside Music Ltd, into naira and transferred the funds into numerous financial institution accounts to hide the illicit origin of the cash.
In keeping with EFCC, the offences dedicated contravened Sections 18 (2)(a) and are punishable beneath Part 18 (3) of the identical Act.
Jude pleaded not responsible to all of the counts.
Bail utility
Nonetheless, Jude’s lawyer, Inibehe Effiong, knowledgeable the court docket of a pending bail utility and requested a brief listening to date. The court docket then adjourned till Friday to listen to the bail utility.
On Friday, when the matter got here up, the prosecution and the defence counsel argued the bail utility.
Mr Owoeye, after taking arguments from each attorneys, adjourned the matter until Monday for a ruling on the bail utility.
When the matter was referred to as on Monday for a ruling, the defendant’s counsel, Arome Mathew, introduced his look and advised the court docket it was for a ruling on the pending utility.
He mentioned, ” We now have argued the bail utility dated February 25 and filed it on February 26, 2025.”
Fanne Anum additionally introduced his look for the prosecution.
Mr Owoeye, in his ruling, granted the defendant bail within the sum of N100m, with two sureties in an identical sum.
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