Jude Okoye, the elder brother and former manager of the defunct music duo P-Square, has been ordered to remain in custody following fresh fraud allegations amounting to $1,019,763.87 and £34,537.59.
Fraud Charges Against Jude Okoye
On Monday, the Economic and Financial Crimes Commission (EFCC) formally charged Okoye with four counts of financial misconduct. The charges allege that he dishonestly diverted revenue generated from three companies for personal gain, consequently denying his brother, Peter ‘Mr. P’ Okoye, his rightful share of the earnings.
Court Proceedings and Bail Request
During his court appearance before Justice Ramon Oshodi at the Ikeja High Court on Tuesday, Okoye pleaded “not guilty.” His legal representative, Clement Onwuenwunor, petitioned for bail, referencing an ongoing related case at the Ikoyi court where he had previously secured bail.
However, prosecuting counsel MK Bashiru opposed the bail request, citing that he had yet to file a formal response to the defense’s plea.
Justice Oshodi declined to make an immediate ruling on the bail application, stressing the need for a comprehensive review of the case filings. The prosecution has been instructed to submit a response before the next hearing, which is scheduled for March 6. The trial is officially set for May 16 and 23.
Previous Legal Troubles
This latest development comes just a day after Okoye was granted bail set at N100 million over separate allegations involving money laundering claims of N1.38 billion, $1 million, and £34,537.59. Read more about EFCC cases on BBC News
With these latest accusations, the unfolding legal battle continues to draw significant attention in Nigeria’s entertainment and financial circles.
READ ALSO:
Follow the LMSINT MEDIA channel on WhatsApp:
Join Our WhatsApp Group Hear:
Kindly Share:
Discover more from LMSINT MEDIA
Subscribe to get the latest posts sent to your email.