An Ikeja Special Offences Court has granted music executive and former P-Square manager, Jude Okoye, bail set at ₦50 million following his arraignment on money laundering charges.
Okoye was brought before the court by the Economic and Financial Crimes Commission (EFCC) over alleged financial misconduct involving $1 million, ₦1.38 billion, and €34,537.59.
Delivering the ruling on Thursday, March 6, 2025, the presiding judge stated that the court had the discretion to grant bail under Section 115 (2) of the Administration of Criminal Justice Law (ACJL), as the charges were not punishable by death.
“I am therefore satisfied that the issue of bail should be resolved in the defendant’s favor,” the judge declared.
As part of the bail conditions, Jude Okoye is required to provide two sureties in the same amount.
Alleged money laundering: Court grants Jude Okoye bail pic.twitter.com/z8ttl2bvtw
— YabaLeftOnline (@yabaleftonline) March 6, 2025
Court grants Jude Okoye N50m bail in ‘$1m, £34k fraud’ trial | TheCableLifestyle https://t.co/dWo6NlPCVh pic.twitter.com/7QnprUj4Ls
— CableLifestyle (@CableLifestyle) March 6, 2025
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