Jude Okoye, the former manager of the defunct music group PSquare and elder brother of Paul and Peter Okoye has been arraigned in court by the Economic and Financial Crimes Commission (EFCC) for alleged fraud.
Recall that Jude Okoye and his brothers Paul and Peter have been at loggerheads for a while now and have a long-running battle over the management of the defunct music group and money.
In a post by Channel Television, it was disclosed that Okoye was charged to court for allegedly laundering ₦ 1.38 billion, $1 million and £34,537.59.
The talent manager was arraigned alongside his company, Northside Music Ltd, before Justice Alexander Owoeye of the Federal High Court, Lagos, on a seven-count charge.
Charges against Jude Okoye
In the post, it was asserted that in 2022, Okoye and his company acquired a landed property at No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth ₦850,000,000.00 (Eight hundred and fifty million naira).
READ ALSO: Peter Okoye Threatens To Sue Brother, Jude Okoye
It was claimed that the money was part of the proceeds of an unlawful act.
According to the report, Jude Okoye committed an offence contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act.
It was also stated in the report that in 2022, Jude Okoye Chigozie and Northside Music Ltd indirectly used bureau de change to convert the sum of $1,019,762.87 (One million nineteen thousand, seven hundred and six-two dollars eighty-seven cents), domiciled in Access Bank Plc.
It was claimed that the account was operated by Northside Music Ltd. The report also stated that the money was remitted into various bank accounts to conceal them.
Channels Television also reported that Jude Okoye, who marked his daughter’s birthday months ago, had committed an offence contrary to Section 18 (2)(a) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
Jude Okoye sent to prison
Jude Okoye pleaded not guilty to all charges and his counsel, Inibehe Effiong asked that he should be remanded at the EFCC custody pending the next hearing. However, the prosecution counsel, Larry Peter Aso asked that he should be remanded at the correctional centre.
READ ALSO: Why Mike Adenuga Dropped Psquare as Glo Ambassadors
The judge, Justice Owoeye adjourned the matter till February 28 for bail hearing and April 14 for trial. He also ordered that the defendant be remanded in the Ikoyi correctional facility.
See the post here:
Fans react as EFCC arraigns Jude Okoye
OSG compiled the reactions of fans to the post below:
@percyboss01:
“Cynthia Morgan sitting in one place laughing.”
@exaltedbaby:
“So sad to see blood-fighting, this is why I tell people give your life genuinely to Christ and be happy.”
@cecilia__remi:
“Everybody just dey go through one or two.”
@mrtrophyy_:
“These people at it again… they should just solve the problem once & for all tho.”
@genius_vincent:
“Shameless brother. Ode ni e.”
@mmimi_ah:
“Psquare eh see sew eh we run things ey things dey run we Pull up in the club Give em a run.”
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