The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye, former manager of the popular music group P-Square, on a seven-count charge bordering on money laundering to the tune of N1.38 billion.
Okoye’s company, Northside Music Limited, is also a defendant in the case.
Allegations of Fund Diversion
According to Peter Okoye’s testimony in court, Jude Okoye (whonisnelder brother to Peter) allegedly used a secret company, Northside Music Limited, to divert funds meant for P-Square.
Peter claimed that Jude was the sole signatory to the group’s bank accounts and refused to provide him with statements of account or backend information.
Investigation and Trial
The EFCC investigation revealed that Jude Okoye and his wife are directors of Northside Music Limited, with his wife owning 80% of the company. The case has been adjourned till June 4, for cross-examination.
Key Points
– Jude Okoye and Northside Music Limited are facing seven counts of money laundering charges.
– Peter Okoye testified that Jude Okoye used a secret company to divert P-Square funds.
– The EFCC investigation revealed Jude Okoye and his wife are directors of Northside Music Limited.
– The case has been adjourned till June 4, for cross-examination.