By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Alleged N1.3bn Fraud: EFCC arraigns P-Square’s Ex-Manager, Jude Okoye
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > Entertainment > Alleged N1.3bn Fraud: EFCC arraigns P-Square’s Ex-Manager, Jude Okoye
Entertainment

Alleged N1.3bn Fraud: EFCC arraigns P-Square’s Ex-Manager, Jude Okoye

Godson
Last updated: February 27, 2025 6:37 am
Godson
Published: February 27, 2025
Share
SHARE

The Economic and Financial Crimes Commission, (EFCC) has arraigned Jude Okoye Chigozie, elder brother and ex-manager of Paul and Peter Okoye of the defunct music group, P-Square, before Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos.

He was arraigned on Wednesday, February 26, alongside his company, Northside Music Ltd, on a seven-count charge of allegedly laundering N1.38 billion, $1million and £34,537.59.

One of the counts reads:

“That you, Jude Okoye Chigozie and Northside Music Ltd sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth N850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful act and thereby committed an offence contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

Another count reads:

“That you, Jude Okoye Chigozie and Northside Music Ltd. sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did indirectly using bureau de change 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 operated by Northside Music Lid to the naira equivalent and remitted into various bank accounts with intention of concealing that the said fund form part of the proceeds of an unlawful act and thereby committed an offence contrary to Section 18 (2)(a) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

He pleaded “not guilty” to the charges.

In view of his plea, the prosecution counsel, Larry Peters Aso, applied for a date for hearing as well as the defendant’s remand in a correctional facility pending trial. However, Jude Okoye’s counsel, Inibehe Effiong, informed the court of a bail application and asked for a short date to enable its hearing. He also requested that the defendant be remanded in the EFCC custody pending the hearing of the application.

The prosecution counsel objected to Jude Okoye’s remand in the EFCC custody. He argued that the EFCC custody was already congested with suspects awaiting arraignment. He urged the court to remand the defendant to the correctional facility since he had taken his plea.

Justice Owoeye then adjourned the matter till February 28, 2025, for bail hearing and April 14, 2025, for trial, and ordered Jude be remanded in the Ikoyi correctional facility.

 

 

You Might Also Like

I’m Grateful To My Boyfriend For Transforming My Life – Nkechi Blessing
Wheelchair-bound A$AP Rocky looks frail as he’s helped into car
Tuface doesn’t live with his sons, Burna Boy may never give birth to any child, Davido k!lls every male child he comes across – Brymo continues calling out his colleagues in the music industry
Oscar Academy establishes a ‘whole crisis team’ for unlikely scenarios following Will Smith’s slap of Chris Rock
BBNaija All Stars: I’ll Quit BBNaija Next Day If… – Doyin

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0

Recent Posts

  • Soldier on leave arrested at Maiduguri bus terminal with ammunition hidden in sack
  • Infant di£s in hot car after being left by dad who ‘forgot about him’
  • Two robbers arrested after robbing a church during service
  • #BBNaija 10: ‘I can’t say I like you, but I’m attracted to you’ – Kola tells Dede
  • Suspected Arkansas double murd3rer arrested while getting a haircut

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?