By Parrot Newspaper 
EFCC Arraigns Ex-P-Square Manager Jude Okoye Over Alleged N1.38 Billion Fraud
Published on February 27, 2025 | By Ricky Awodi
LAGOS – The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye Chigozie, elder brother and former manager of the defunct P-Square music duo, before Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos, on charges of money laundering.
Okoye, arraigned alongside his company, Northside Music Ltd, faces a seven-count charge involving alleged laundering of N1.38 billion, $1 million, and £34,537.59. The EFCC, through its spokesperson Dele Oyewale, stated on Wednesday that the charges stem from suspicious financial transactions conducted in 2022.
One charge alleges that Okoye and his company acquired a property at No. 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos, valued at N850 million, knowing it was purchased with proceeds from unlawful activities. Another charge accuses them of converting over $1 million through a bureau de change to conceal the illicit origin of the funds.
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Okoye pleaded not guilty to all charges. Prosecuting counsel L.P. Aso requested that the defendant be remanded in a correctional facility pending trial. However, defence counsel Inibehe Effiong sought Okoye’s remand in EFCC custody, citing overcrowding concerns and pending bail application.
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Justice Owoeye rejected the defence’s plea and ordered Okoye’s remand at Ikoyi Correctional Centre. The court set February 28, 2025, for the bail hearing and April 14, 2025, for trial commencement.
The high-profile case has sparked widespread reactions in the entertainment industry and beyond, given Okoye’s past role in managing P-Square, one of Africa’s most successful musical acts.
Stay tuned to Parrot Newspaper for updates on this developing story.