Relief for P-Square’s Jude Okoye As Court Approves ₦100 Million Bail In Fraud Allegation

The Economic and Financial Crimes Commission (EFCC) has accused Okoye of laundering ₦1.38 billion, $1 million, and £34,537.59.

Okoye pleaded “not guilty” to the charges and was initially remanded at the Ikoyi Correctional Facility by Justice Alexander Owoeye of the Federal High Court in Ikoyi, Lagos.

His lawyer, Inibehe Effiong, had requested that he remain in EFCC custody pending trial, but the prosecution, led by Larry Peters Aso, opposed the motion.

During Friday’s hearing, Okoye’s legal team submitted a bail application, which the prosecution contested, arguing he was a flight risk who might tamper with witnesses.

After reviewing the application, Justice Owoeye granted bail on Monday with strict conditions. Okoye must provide two sureties, each owning landed property worth ₦100 million in Lagos. The court will verify the property documents, and he is barred from leaving the country without permission. Until these conditions are met, he will remain in custody.

Naija News reports that his trial is set to commence on April 14, 2025.

The P-Square Family Rift

The long-standing feud between Jude Okoye and his twin brothers, Peter and Paul Okoye, dates back to 2017, leading to the breakup of P-Square. The dispute reportedly stemmed from disagreements over Jude’s involvement as their manager, prompting both brothers to pursue solo careers.