Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us
No Result
View All Result
Afrocover
No Result
View All Result

EFCC arraigned P-square brother, Jude Okoye in court

By Jessica Jacob

February 27, 2025
in Entertainment, News
0
EFCC arraigned P-square brother, Jude Okoye in court
Share on FacebookShare on TwitterShare on Whatsapp

The Economic and Financial Crime Commission has arraigned Jude Okoye, the manager to the music duo, P-square alongside his company, Northside Music Ltd before the Federal High Court in Lagos on Wednesday.

He was arraigned before Justice Alexander Owoeye over alleged money laundering involving N1.38 billion, $1 million and £34, 537.59. Okoye is currently facing a seven-count charge related to financial crimes.

One of the charge 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 ₦850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful acts, thereby committing an offence contrary to Section 18 (2)(d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

Another charge alleges that the music executive and his company used a Bureau de Change operator to convert $1,019,762.87 (One million nineteen thousand, seven hundred and sixty-two dollars, eighty-seven cents) domiciled in Access Bank Plc into naira and remitted the funds into various accounts with the intent to conceal the source of the money, in violation of the Money Laundering Act.

Jude Okoye however pleaded “not guilty” to the charges.

Following his not-guilty plea, the commission’s counsel, Larry Peters Aso applied for a trial date and requested that the defendant be remanded in a correctional facility pending trial.

Justice Owoeye adjourned the case to February 28 for a bail hearing and fixed April 14 for trial commencement.

The judge also ordered that Jude Okoye be remanded at the Ikoyi correctional facility pending the determination of his bail application.

Related Posts

Ibadan electricity distribution sold for N100b by AMCON
News

Ibadan electricity distribution sold for N100b by AMCON

The Asset Management Corporation of Nigeria (AMCON) has successfully sold the Ibadan Electricity Distribution Company (IBEDC) for N100 billion...

by Editor
July 3, 2025
Court dismisses Gani Adams’ N5bn suit against Sunday Igboho
News

Court dismisses Gani Adams’ N5bn suit against Sunday Igboho

A Federal High Court sitting in Ibadan, the Oyo State Capital on Thursday, dismissed a N5 billion defamation suit...

by Rasheed Aladejana
July 3, 2025
Buhari not in ICU, but receiving treatment – Aide says
News

Buhari not in ICU, but receiving treatment – Aide says

The Digital Media aide to former President Muhammadu Buhari, Bashir Ahmad, has dismissed claims that the former Nigerian leader...

by Rasheed Aladejana
July 3, 2025
C’River residents kick against privatization of cocoa estate
News

C’River residents kick against privatization of cocoa estate

  Residents of Cross River have staged a protest, demanding the reversal of the state government's plan to privatize...

by Editor
July 3, 2025
Next Post
EFCC urges Jigawa public servants to uphold integrity

EFCC urges Jigawa public servants to uphold integrity

Afrocover news

The Afrocover team is a group of media enthusiasts that are committed to illuminate information fairness and objective media coverage across Africa. We also cover the depth of African Politics, History, Culture, Entertainment, and the Economy as the case may be.

© 2025 Afrocover – All right reserved

Subscribe To Our Newsletter

Loading
Facebook Twitter
No Result
View All Result
  • Home
  • News
  • Politics & Policies
  • Africa-Wide
  • Opinions
  • Exclusive
  • About Us
    • Contact Us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.