Jude Okoye, the former manager and elder sibling of Peter and Paul Okoye from the disbanded P-Square duo, has been remanded in custody following fresh fraud accusations.
He faces charges involving $1,019,763.87 and £34,537.59.
The Economic and Financial Crimes Commission (EFCC) brought Okoye before the Ikeja High Court on Monday, March 3, alleging in a four-count charge that he misappropriated revenue from three companies, thereby denying his brother, Peter ‘Mr. P’ Okoye, his rightful financial entitlements.
Appearing in court on Tuesday, March 4, Okoye entered a plea of “not guilty.” His lawyer, Clement Onwuenwunor, sought bail, arguing that his client had already been granted bail in a related case pending at the Ikoyi court.
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However, EFCC prosecutor MK Bashiru objected, stating he had yet to submit his formal response to the request.
Presiding over the case, Justice Ramon Oshodi declined to make an immediate ruling, stating, “I cannot hastily grant the bail application” without reviewing all necessary documents.
He instructed the prosecution to submit its response before the next court session scheduled for March 6. The trial will proceed on May 16 and 23.
This new legal setback follows just a day after Okoye was granted ₦100 million bail in a separate case involving alleged financial crimes amounting to ₦1.38 billion, $1 million, and £34,537.59.