The Economic and Financial Crimes Commission (EFCC) is set to arraign Jude Okoye, the former manager and elder brother of P-Square’s Peter (Mr. P) and Paul (Rudeboy) Okoye, over allegations of misappropriating $1,019,763.87 and £34,537.59. Court Proceedings in Lagos Jude Okoye’s case is scheduled for hearing at the Lagos State Special Offences Court, Ikeja, on Tuesday. The EFCC alleges that between 2016 and 2023, he dishonestly converted substantial funds meant for digital music distribution and publishing royalties. Funds Allegedly Diverted According to EFCC records, the misappropriated funds include: These sums were allegedly designated for Peter Okoye’s royalties. Arraignment and Legal Charges Initially set for Monday, his arraignment was delayed due to a delay in processing his transfer from the Ikoyi Correctional Centre. The EFCC has filed a four-count charge (Case No. Ref/99260/2025), citing violations of Sections 278 and 285 of the Lagos State Criminal Laws. Additionally, Okoye was arraigned on February 26, 2025, before the Federal High Court in Lagos on seven counts of money laundering, involving N1.38 billion, $1 million, and £34,537.59. Allegations of Money Laundering EFCC prosecutors allege that Okoye: Bail Conditions and Travel Restrictions Okoye pleaded not guilty to all charges. His defense team, led by Inibehe Effiong, applied for bail, which Justice Alexander Owoeye granted under strict conditions: Trial Date Set The case is scheduled to resume on April 14, 2025, when trial proceedings will officially commence. For more details on Nigeria’s criminal laws regarding financial fraud, visit EFCC Official Website. (https://www.efccnigeria.org) READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Channel
