₦airaland Forum

The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye, the elder brother and former manager of Paul and Peter Okoye of the defunct music group, P-Square, on charges of laundering ₦1.38billion, $ 1 million and £34,537.59.

Jude was arraigned alongside his company, Northside Music Ltd, before Justice Alexander Owoeye of the Federal High Court, Lagos, on a seven-count charge

One of the counts read: “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 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 read: “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 the 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 for the remand of the defendant in the correctional facility pending trial.

The defendant’s counsel, Inibehe Effiong, informed the court of a pending bail application. He asked for a short date for the hearing. Effiong also asked that the defendant be remanded in the EFCC’s custody pending the hearing of the application.

Aso objected to the request for the defendant to be remanded 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 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.

https://www.channelstv.com/2025/02/26/alleged-%E2%82%A61-3bn-fraud-efcc-arraigns-p-squares-ex-manager-jude-okoye/amp/


https://www.youtube.com/watch?v=XzmLMNHfR6U?si=MMWqdigXjzWgoxVh

If brother could scam his fellow brother… truly there’s no dignity among thieves

Family and business

Cynthia Morgan would be happy.

this one loud. is this real?
to buy house don dey fear me now o

iHart:
Family and business

This is no longer family business. It's now a crime scene.

This case apart, EFCC has lost its value. Its core aim is to protect politicians.

Money dey music oooooo

Which music? You don’t launder (wash) money from legit (clean) business.

Some of these people in showbiz get other Illicit side hustle (trafficking, money laundering, 419 etc)

Myrepublic:
Money dey music oooooo

Omo

good for them

that means the guy is truly a ripper. What a bad blood brother. Note that before EFCC would have concluded their investigations, they would have dropped some charges too not to complicate things for him. This is just a soft peddler accusations compared to what Peter accused him of. That family can nver balance again. Brother against twins brother; twins against twins, family against wives... common.

Na just to use 45% of the money take fight back efcc and settlements,
Then everybody will be fine including the victim(s).
Finally, naija na scam,
We can't do without scam, why?

E shock you?

E no shock me o. Most of these guys just establish one or two businesses to cover up their illegal sources of wealth.

He should go and defend himself

We all know how useless efcc be. Them dey arrest and arraign before investigation.

Don't do business with family, una no dey hear.

ExAngel007:
https://www.channelstv.com/2025/02/26/alleged-%E2%82%A61-3bn-fraud-efcc-arraigns-p-squares-ex-manager-jude-okoye/amp/


https://www.youtube.com/watch?v=XzmLMNHfR6U?si=MMWqdigXjzWgoxVh

Money is in Nigeria!

FineUsername:
Which music? You don’t launder (wash) money from legit (clean) business.

Some of these people in showbiz get other Illicit side hustle (trafficking, money laundering, 419 etc)

Seems you've not heard of the word Sarcasm before o..

Okay! Federal want cash out from him, just like u cash out from we Nigerian den!

floss:
If brother could scam his fellow brother… truly there’s no dignity among thieves

Hear his side of the story

floss:
If brother could scam his fellow brother… truly there’s no dignity among thieves

He was interviewed on TV a while ago and he said his side of the story. Doubt that efcc will get a conviction

Sorry

Myrepublic:
Seems you've not heard of the word Sarcasm before o..

nonsense efccc.. they will still freee him again after money exchange hand

If there is one thing about abacha, he’s a very good observer !

Feel sorry for this guys...
my honest advise to these celebrities is to stay out of politics.
Politicians will mess them up... politics is dirty and they know how to play their games..
Most of our celebrities are not clean, when scrutinized.... there will be problem.
If you leave in a glass house, don't throw stones...
I wish dem well...

Let's put aside the P-Square beef. Everyone should answer for their crimes. Even if it was his fellow family member that instigated the investigation, we should all answer for our misdeeds.

Criminals!!!

MONEY NA WATER people