A Federal High Court in Lagos has granted Jude Okoye, the former manager of the defunct music group P-Square, bail in the sum of N100 million.
Okoye is facing trial for alleged financial crimes, including laundering N1.38 billion, $1 million, and £34,537.59.
The Economic and Financial Crimes Commission (EFCC) had arraigned Okoye on the charges, but he pleaded not guilty and was initially remanded at the Ikoyi Correctional Facility.
Justice Alexander Owoeye, who granted the bail, ordered Okoye to provide two sureties with landed properties in Lagos valued at N100 million each.
The court must verify these properties, and he is barred from traveling abroad without prior approval.
His trial is scheduled to begin on April 14, 2025.
Okoye’s legal troubles started from a long-standing rift between his younger twin brothers, Paul and Peter Okoye, who parted ways in 2017 after a dispute over Jude’s role as their manager.
During Friday’s court session, Okoye’s lawyer, Inibehe Effiong, requested that he be kept in EFCC custody pending trial, but prosecution counsel Larry Peters Aso opposed the request, arguing that Okoye posed a flight risk and could interfere with witnesses.
Justice Owoeye ruled in favor of the bail application but set strict conditions to ensure Okoye’s attendance at trial.
