Court Grants Jude Okoye ₦100 Million Bail In Money Laundering Case

The Federal High Court in Ikoyi, Lagos, has granted bail of ₦100 million to Jude Okoye, the former manager of the now-defunct music duo P-Square, who is facing trial over alleged money laundering.

KanyiDaily recalls that the Economic and Financial Crimes Commission (EFCC) arraigned Jude Okoye on charges of laundering ₦1.38 billion, $1 million, and £34,537.59.

He pleaded not guilty and was initially remanded at the Ikoyi Correctional Facility.

At Friday’s court hearing, Okoye’s lawyer, Inibehe Effiong, requested that he remain in EFCC custody instead of being transferred to prison, citing concerns for his safety.

However, the prosecution, led by Larry Peters Aso, opposed this, arguing that Okoye could attempt to evade trial or tamper with witnesses.

On Monday, Justice Alexander Owoeye approved the bail request but imposed strict conditions.

According to him, Okoye is required to present two sureties who own landed properties in Lagos, each valued at ₦100 million.

The court must verify these properties, and he is prohibited from leaving the country without prior permission.

Until he fulfills these conditions, Okoye will remain in custody. His trial is set to begin on April 14, 2025.

Jude Okoye has been in the spotlight since his fallout with his younger twin brothers, Peter and Paul Okoye, who disbanded their group P-Square in 2017 following disagreements over his managerial role.

KanyiDaily recalls that Paul Okoye had shared a cryptic post, seemingly suggesting Peter had orchestrated their brother Jude’s legal troubles.