Jude Okoye, the elder brother and former manager of P-Square, has been remanded in prison over fresh fraud allegations. The Economic and Financial Crimes Commission (EFCC) accused him of dishonestly diverting over $1 million and £34,537.59 from music proceeds.
According to EFCC’s four-count charge, Okoye allegedly misappropriated funds belonging to three companies, depriving his younger brother, Peter Okoye (Mr. P), of his rightful earnings.
During his court appearance on Tuesday at the Ikeja High Court, Okoye pleaded not guilty. His lawyer, Clement Onwuenwunor, requested bail, arguing that Okoye was already granted bail in a related case at the Ikoyi court.
However, EFCC prosecutor MK Bashiru opposed the request, saying he had not yet filed a formal response to the bail application.
Court Delays Bail Decision
Presiding judge Justice Ramon Oshodi refused to make an immediate decision, saying, “I cannot hastily grant the bail application without reviewing all necessary filings.” He directed the prosecution to submit a response before the next hearing on March 6. The court has scheduled the trial for May 16 and 23.
This new case adds to Okoye’s ongoing legal troubles. Just yesterday, Monday, March 03, another court granted him ₦100 million bail over separate charges involving ₦1.38 billion, $1 million, and £34,537.59 in alleged money laundering.
The EFCC’s continued legal pursuit of Okoye has received divergent reviews. The P-Square brothers have been at loggerheads of financial dealings amongst them – a problem that has been intractable even for close relatives and outside arbitrators.
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