The Federal High Court in Lagos has granted Jude Okoye, the former manager of the now-defunct music duo P-Square, bail for ₦100 million.
This comes ahead of his trial on charges of alleged money laundering involving ₦1.38 billion, $1 million, and £34,537.59.
Okoye, who was arrested by the Economic and Financial Crimes Commission (EFCC), was arraigned before the court last Friday. Following the hearing, he was remanded at Ikoyi Correctional Center until his bail application was reviewed. On Monday, March 3, 2025, the court ruled in his favor, setting strict conditions for his release.
Bail conditions and restrictions
The court ordered Okoye to provide two sureties, each required to own landed properties worth ₦100 million in Lagos. Additionally, he is barred from leaving Nigeria without official permission from the court. These conditions aim to ensure that he remains available for trial.
Okoye’s legal troubles stem from allegations of financial misconduct. The EFCC claims that he engaged in unlawful transactions, moving large sums of money through undisclosed channels. Authorities are now preparing to present evidence in court.
Legal proceedings and next steps
With bail secured, Okoye will remain free under strict supervision while awaiting trial. The court has set April 14, 2025, as the official start date for proceedings.
The case has drawn public attention due to his past association with P-Square, a music group that dominated Nigeria’s entertainment scene for years. Many fans and industry observers are closely watching the unfolding legal battle.
Meanwhile, EFCC officials have assured the public that due process will be followed. Prosecutors say they are committed to presenting a strong case against him. His legal team, on the other hand, maintains his innocence, stating that they will fight to clear his name in court.
Public Reaction
The case has sparked mixed reactions. Some supporters believe Okoye is being unfairly targeted, while others argue that financial crimes must be addressed regardless of an individual’s status. Social media discussions continue to grow as Nigerians weigh in on the matter.
For now, he remains free under the court’s conditions. The coming weeks will determine how his legal battle unfolds.
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Former P-Square manager, Jude Okoye remanded in Ikoyi prison
