A Federal High Court in Ikoyi, Lagos, has granted Jude Okoye, the CEO of Northside Music Limited and elder brother to P-Square’s Peter and Paul Okoye, bail set at ₦100 million amid his ongoing N1.3 billion fraud case.
Okoye was arraigned by the Economic and Financial Crimes Commission (EFCC) 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.
His lawyer, Inibehe Effiong, requested that he remain in EFCC custody, but the prosecution, led by Larry Peters Aso, opposed the motion, arguing that Okoye posed a flight risk and could interfere with witnesses.
During Monday’s hearing, Justice Alexander Owoeye ruled in favor of bail, setting strict conditions. Okoye must provide two sureties with Lagos-based properties worth ₦100 million each. The court must verify the documents, and Okoye cannot travel outside Nigeria without approval.
Until he meets the bail conditions, he will remain in custody. His trial is set to begin on April 14, 2025.
