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Jude Okoye faces fresh legal battle over multi-million dollar allegations
The Economic and Financial Crimes Commission (EFCC) has leveled new allegations against Jude Okoye, former manager of the defunct music duo P-Square, accusing him of misappropriating over $1 million and £34,000.
Okoye appeared before the Lagos State Special Offenses Court in Ikeja on Tuesday, March 4. Prosecutors claimed he and his company, Northside Music Limited, unlawfully diverted funds intended for singer Peter Okoye.
According to EFCC prosecutor Mohammed Bashiru, Okoye allegedly misappropriated $767,544.15 received from Lex Records Limited for digital distribution and publishing royalties.
Additionally, he was accused of converting £34,537.59 from the same source, along with $133,566.49 from Kobalt Music and $118,652.23 from Mtech Limited between 2016 and 2023.
“These funds were meant for music royalties, yet the defendant diverted them for personal use, denying Peter Okoye his rightful earnings,” Bashiru asserted in court. The EFCC argues that these actions contravene Sections 278 and 285 of the Lagos State Criminal Laws, 2011.
This new development follows Okoye’s recent bail grant by the Federal High Court on a separate seven-count charge. The court had set bail at ₦100 million, with the condition of two sureties of equal value.
Okoye has pleaded not guilty to the latest charges, and his legal counsel, Clement Onwuenwunor (SAN), revealed that a bail application had been submitted on February 27, 2025.
Onwuenwunor dismissed the allegations as unfounded, vowing to challenge them in court. “We will demonstrate in trial that these charges lack merit and should not have been brought forward,” he affirmed, expressing confidence in Okoye’s defense as the case proceeds.
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