The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned Jude Okoye, the former manager of the defunct music group P-Square, on fresh charges of alleged theft of $1,019,763.87 and £34,537.59.
Okoye, who is also facing a similar case of seven counts before Justice Alexander Owoeye of the Federal High Court, was granted bail in the sum of N100 million with two sureties in like sum on Monday.
The fresh charges, marked Ref/99260/2025, were brought before Justice Rahman Oshodi, with Okoye and his company, Northside Music Limited, facing four counts preferred against them by the EFCC.
Prosecutor Mohammed Bashiru alleged that Okoye dishonestly converted the sum of $767,544.15 to his own use, which was paid by Lex Records Limited as payment for music digital distribution/publishing royalties.
The EFCC also accused Okoye of dishonestly converting £34,537.59, $133,566.49, and $118,652.23, paid by Lex Records Limited, Kobalt Music, and Mtech Limited, respectively, as payment for music digital distribution/publishing royalties.
According to the EFCC, the offences committed contravened sections 278 and 285 of the criminal laws of Lagos State 2011. However, Okoye pleaded not guilty to the charges.
