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

Four Lagos Police Officers Dismissed Over Corruption Allegations 

  The Nigeria Police Force has dismissed four officers after an orderly room trial found them guilty of extortion, corrupt practices, unlawful exercise of authority, and...

#RULAAC Demands Independent Probe of Police Telecom Vandalism Case, Cites Alleged Backdated Petitions

  A human rights group has asked the Inspector-General of Police to order an independent investigation into how the Force Criminal Investigation Department (FCID) Annex, Alagbon,...

#RULAAC Asks AGF to Probe Five-Year Detention of Anambra Woman, Wawa Barracks Cases

  RULAAC says Ozioma Onyeaka's family searched for more than five years before learning she was alive and facing terrorism charges  The Rule of Law and Accountability...

#FG Constitutes 10-Member Panel to Probe Deaths of 37 Suspected Illegal Miners in NSCDC Custody

 Juliana FrancisThe Federal Government has constituted a 10-member independent committee to investigate the reported deaths of 37 suspected illegal miners held in the custody of...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe
spot_img

Most Popular

spot_img