The Federal High Court in Lagos on Monday granted N100m bail to Jude Okoye, the former manager of twin brothers Peter and Paul Okoye, who were members of the defunct hip-hop group P-Square.
Justice Alexander Owoeye granted the bail with two sureties in like sum. The court also ruled that Jude Okoye must not travel out of the country.
The judge held that one of the sureties must be an owner of a landed property, amongst others.
Jude Okoye, who is the elder brother to Peter and Paul Okoye, was arraigned last Wednesday before the court by the Economic and Financial Crimes Commission on an alleged crime of money laundering involving N1.38 billion, $1 million, and £34,537.59.
He was arraigned alongside his company, Northside Music Limited, on seven counts preferred against him.
The Commission told the court that the defendant, alongside his Northside Music Limited sometime in 2022, in Lagos, directly acquired a landed property known as No. 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos, worth N850,000,000. (Eight hundred and fifty million naira) The money he knew or reasonably ought to have known forms part of the proceeds of unlawful activities.
Recall that in a video last week, Paul Okoye confirmed that his twin brother Peter Okoye is the one who put their elder brother Jude Okoye in prison.
See reactions below;
iam_debayorgcfr : Peter got it wrong. No matter what he shouldn’t have gone that route of involving the EFCC to the extent of arranging his blood brother. So, what Paul is saying about him is 💯 true.
iam_olacj : Hmmm person way know no where him fellow man make money that kind person go just Dey run for nothing.
alpha20_0: Dem don use una chop 100 million😁😁😁. Grown up adult behaving like kids because of money. Meanwhile Na all of them hussle and make it together going global.
anis_isuwa : Nigerian law take this judiciary as an income makers, which suppose convert to financial Organization. 😂.
cosmetics_massmarket : Brother defraud brother.