Jude Okoye, older brother to Peter and Paul Okoye of the defunct Psquare music group, has been granted bail by the Federal High Court on Monday, March 3.
This comes after Jude, who is the brain behind music label Northside Music Limited, was arraigned in court by the Economic and Financial Crimes Commission (EFCC) for an alleged crime of money laundering involving N1.38 billion, $1 million, and ยฃ34,537.59, among other counts.
READ ALSO: EFCC Arraigns PSquareโs Former Manager & Brother Jude Okoye for N1.3bn Fraud in Court
The EFCC told the court that the defendant, alongside his Northside Music Limited, sometime in 2022, in Lagos, directly acquired a landed property known as No. 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos, worth N850,000,000.
The money he knew or reasonably ought to have known forms part of the proceeds of unlawful activities.
Update on Jude Okoye’s case
The Federal High Court in Lagos granted N100 million bail to Jude Okoye, the former manager of twin brothers Peter and Paul Okoye.
Justice Alexander Owoeye granted the bail with two sureties in like sum, including a ruling that he must not travel out of the country.
READ ALSO: โStay Strong, Brotherโ: Paul PSquare Comes Out to Support Jude Okoye After EFCC Arraigned Him
The judge also held that one of the sureties must be an owner of a landed property, amongst others. A video which recently emerged online showed Jude Okoye leaving the court alongside his brother Paul Okoye.
Watch the video as Jude leaves court after being granted bail:
OSG recalls reporting that Paul Okoye supported Jude amid his ordeal. He stated that what happened to Jude was exactly what someone wanted to happen. However, he didn’t state the name of the person he was referring to.
Reactions as court grants Jude Okoye bail
OSG compiled some of the reactions trailing the video; read them below:
@iam_olacj:
“Hmmm! person way know no where him fellow man make money that kind person go just Dey run for nothing.”
@iam_debayorgcfr:
“Peter got it wrong. No matter what he shouldn’t have gone that route of involving the EFCC to the extent of arranging his blood brother. So, what Paul is saying about him is true.”
@alpha20_0:
“Dem don use una chop 100 million Grown-up adults behaving like kids because of money. Meanwhile, Na all of them hussle and make it together going global.”
@cosmetics_massmarket:
“Brother defraud brother.”
@alpacinno20201:
“Why such amounts of money for a bail.”
@omegarem:
“Why do the courts give these enormous bail conditions? In this crazy economy?”
@arthuremilo:
“Nigeria Judiciary ๐ณ๐ฌ how much was Yahaya Bello’s bail on 110b corrupt charges.”
@official_graceymee:
“Things are really falling apart in Okoye’s family. Where has love and family thighs gone to? I pray for God’s love and peace amongst them. Amen.”
@iam_debayorgcfr:
“Peter got it wrong. No matter what he shouldn’t have gone that route of involving the EFCC to the extent of arranging his blood brother. So, what Paul is saying about him is ๐ฏ true.”
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