Ex-Manager Of P-Square Jude Okoye To Know His Fate Today

By Glam & Essence

Jude Okoye Chigozie, the older brother and former manager of the defunct P-Square music group, is set to know the fate of his bail application and if he will be released.
Jude was remanded in the Ikoyi Correction Centre on Wednesday, February 26, 2025, by Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos,after he was arraigned alongside his company, Northside Music Ltd, on a seven-count charge bordering on money laundering to the tune of N1.38billion, $1million and £34,537.59.
Ond of the charges made against him states: “That you, Jude Okoye Chigozie and Northside Music Ltd sometimes 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 charge reads: “That you, Jude Okoye Chigozie and Northside Music Ltd sometimes in 2022, in Lagos, within the jurisdiction of this Honourable Court, did indirectly using bureau de change, converted 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 Ltd to the naira equivalent and remitted into various bank accounts with intention of concealing that the said fund formed 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.”
During Wednesday’s proceeding, Jude Okoye pleaded “not guilty” to the charges. His lawyer, Inibehe Effiong, filed a bail application, while the prosecution counsel, L.P. Aso, requested a trial date and Okoye’s remand in a correctional facility.