Justice Alexander Owoeye of the Federal High Court, Ikoyi, Lagos, adjourned the trial of Jude Okoye Chigozie, former manager of music duo P-Square, till April 14, 2025.
Okoye, alongside his company, Northside Music Limited, is facing a seven-count charge of money laundering filed by the Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC).
One of the charges alleges that in 2022, Okoye acquired a landed property in Ikoyi, Lagos, worth ₦850 million, knowing or having reason to know that the funds were proceeds of unlawful activities—an offence under the Money Laundering (Prevention and Prohibition) Act, 2022.
READ ALSO: Police Launch Anti-Money Laundering Units to Tackle Financial Crimes
At his arraignment on February 26, 2025, Okoye pleaded not guilty.
During Monday’s proceedings, his counsel, Inibehe Effiong, urged the court to grant him bail on medical grounds. However, EFCC counsel Fanen Anum opposed the application, arguing that Okoye was a flight risk and could interfere with witnesses.
Justice Owoeye, ruling that the charges were bailable, granted Okoye bail at ₦100 million with two sureties in like sum, one of whom must own landed property within the court’s jurisdiction. The court also mandated Okoye to notify the EFCC before any travel outside the jurisdiction.
The trial resumes on April 14, 2025.