In a dramatic turn of events, music executive Jude Okoye has been granted bail by the Federal High Court in Lagos following allegations of involvement in a N1.3 billion fraud. The bail, set at N100 million, comes after his arraignment by the Economic and Financial Crimes Commission (EFCC) earlier this week. Jude, a prominent figure in the Nigerian entertainment industry and elder brother to Paul Okoye of the music duo P-Square, was charged with financial crimes linked to his business dealings.
During the court session presided over by Justice Adeola Adeniyi, the EFCC accused Jude Okoye of conspiracy, forgery, and obtaining money under false pretenses. The charges stemmed from an alleged scheme involving falsified documents and fraudulent transactions tied to a real estate project.
The prosecution presented its case, claiming to have substantial evidence implicating Jude in the multi-billion-naira scandal. However, Jude pleaded not guilty to all charges, maintaining his innocence and stating that the accusations were baseless.
After reviewing the case, Justice Adeniyi granted him bail, with strict conditions including the submission of his international passport, regular court appearances, and the provision of two sureties, each owning landed property within Lagos.
Hours after the court proceedings, Jude was seen with his younger brother and music star, Paul Okoye, sparking conversations online. The two were spotted leaving the court premises together, with Paul providing moral support. Paul has yet to release an official statement, but sources close to the family suggest he is standing by his brother during this trying time.
News of Jude’s arrest and subsequent bail has sent shockwaves through the Nigerian entertainment industry. Many fans and celebrities have taken to social media to express their opinions, with some defending Jude’s character and others calling for a thorough investigation.
This high-profile case adds to the growing list of financial scandals involving notable figures in the Nigerian music and entertainment sectors. Legal experts predict that the trial will be closely followed, given Jude’s prominence and the staggering amount involved in the alleged fraud.
The court has adjourned the case to April 15, 2025, for the commencement of trial. Meanwhile, Jude’s legal team has assured the public of his cooperation and confidence in clearing his name.
