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Tuesday, 04 March 2025 02:12

₦1.3bn fraud: Court grants Jude Okoye ₦100m bail

₦1.3bn fraud: Court grants Jude Okoye ₦100m bail

A Lagos court has granted Jude Okoye, former manager of the defunct music group P-Square, bail set at ₦100 million ahead of his trial for alleged fraud.

Okoye was arraigned by the Economic and Financial Crimes Commission (EFCC) on charges of laundering ₦1.38 billion, $1 million, and £34,537.59.

Presiding Judge, Justice Owoeye ruled that Okoye must provide two sureties, each owning landed property in Lagos worth ₦100 million.

The court will verify the property documents, and Okoye is barred from traveling abroad without approval.

Until he meets the bail conditions, Okoye will remain in custody. His trial is set to begin on April 14, 2025.

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