Jude Okoye Faces Legal Challenges Over Money Laundering Allegations
Jude Okoye faces money laundering charges from the EFCC, alongside his company, Northside Music Ltd. His brother, Paul Okoye, has publicly shown support during these legal proceedings. The allegations involve substantial funds and property acquisitions, with an adjourned trial scheduled for April 14, following a bail hearing in February.
Jude Okoye, the elder brother and former manager of the music duo Psquare, is currently facing legal challenges with the Economic and Financial Crimes Commission (EFCC) in Nigeria. Paul Okoye, one half of the group, publicly expressed support for Jude, who has been ordered to stay in custody until bail hearings. On his Instagram, Paul conveyed encouragement, stating, “Dis too shall pass. Stay strong brother.”
The EFCC has charged Jude Okoye with money laundering, involving significant sums amounting to ₦1.38 billion and $1 million, in addition to allegations of property acquisitions linked to unlawful proceeds. Jude, along with his company Northside Music Ltd, pleaded not guilty to the charges presented in the Federal High Court.
Paul and his twin brother Peter Okoye have had ongoing disputes with Jude. Peter previously filed a petition to the EFCC, accusing Jude of diverting P-Square royalties into a private account, which has led to heightened tensions among the brothers. Jude has dismissed these claims as unfounded and defamatory.
The charges against Jude include purchasing properties worth ₦850 million using alleged illicit funds and converting approximately $1 million into naira through covert banking methods. The court will address bail applications on February 28, with the trial set for April 14.
Jude Okoye identifies himself as a well-known video director and artist manager on his LinkedIn profile, highlighting his crucial role in the success of P-Square as their manager and executive producer. After the group’s split in 2017, he founded Northside Entertainment, continuing to work with various artists in the industry, including Cynthia Morgan.
In summary, Jude Okoye is currently embroiled in a legal battle against the EFCC regarding money laundering allegations. Despite the tensions within the Okoye family, particularly between Jude and his brothers Paul and Peter, Jude maintains his innocence and continues to assert the legitimacy of his actions. The upcoming bail hearing and trial will determine the trajectory of this high-profile case.
Original Source: www.bbc.com
