HomeBreaking NewsAlleged N1.38bn Fraud: Court Adjourns  Jude Okoye, Ex-P-Square Manager’s Matter  till April...

Alleged N1.38bn Fraud: Court Adjourns  Jude Okoye, Ex-P-Square Manager’s Matter  till April 14

-

 

Justice Alexander Owoeye of the Federal High Court, Ikoyi, Lagos, on Monday, March 3, 2025, adjourned the hearing in the trial of   Jude Okoye Chigozie, older brother and ex-manager of Paul and Peter Okoye till April 14, 2025.

Okoye is standing trial alongside his company, Northside Music Limited, on seven-count charges bordering on money laundering raised against him by the Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.

One of the counts reads: “That you, Jude Okoye Chigozie and Northside Music Limited sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth ₦850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful act and thereby committed an offence contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

He pleaded “not guilty” to the charges when they were read to him upon his arraignment on February 26, 2025.

At Monday’s proceeding, defence counsel, Inibehe Effiong, moved the bail application of his client citing medical grounds. He prayed the court to grant the bail.

Prosecuting counsel, Fanen Anum, however, opposed the bail application, urging the court to refuse it and instead grant a celebrated hearing.

“He is a flight risk and he may interfere with the prosecution’s witnesses,” he said.

After listening to all the submissions, Justice Owoeye noted that Okoye’s charges were bailable and granted bail to the defendant in the sum of N100 million, with two sureties in like sum, one of whom must have landed properties within the court’s jurisdiction.

The court further ordered that he must notify the EFCC before any travel outside the jurisdiction. He adjourned the matter till April 14, 2025.

SUPPORT US

At Priceless Media Publishing Nig. Ltd /Securitynewsalert.com, we are steadfast in our commitment to independent journalism: reporting that is fearless, impartial, and free from the interference of powerful personalities, politicians and government interests.

Without corporate sponsorships or political affiliations, our ability to investigate freely rests in the hands of the people we serve—you!

Every donation helps us expose the truth, amplify silenced voices, and hold power accountable.
Stand with us because journalism should serve the people, not power.

• Account Name: PRICELESS MEDIA PUBLISHING NIG. LTD
• Account Number: 1943445259
• Bank Name: ACCESS Bank

LATEST POSTS

PASNAFOSA Mourns Major General Rabe Abubakar, Demands End to Terrorist Amnesty

A civil society organisation dedicated to supporting Nigeria's security forces has condemned the death of retired Major General Rabe Abubakar, who died in the custody...

Troops Arrest Suspected Kidnappers, Recover AK-47 Rifles in Borno

Troops of Joint Task Force North East, Operation HADIN KAI, have arrested five suspected kidnappers and recovered weapons in Magumeri Local Government Area of Borno...

Ogun Police Foils Cross-Border Bus Theft, Arrests Two Suspects In Idiroko

 Operatives attached to the Idiroko Division of the Ogun State Police Command have foiled a cross-border vehicle trafficking attempt and arrested two suspects in connection...

ENF Hails Improvements at Oyo PHC Following Advocacy, Calls for Wider Healthcare Reforms

The Elegant Nurses Forum (ENF) has announced significant improvements at Oke-Adu Primary Health Care Centre in Ibadan North East Local Government Area of Oyo State...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img