EFCC Arraigns Former P-Square Manager, Jude Okoye, Over Alleged Money Laundering
The Lagos Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned Jude Okoye Chigozie, the elder brother and former manager of the defunct P-Square music duo, before Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos.
According to an EFCC statement released on Wednesday by spokesperson Dele Oyewale, Okoye was arraigned alongside his company, Northside Music Ltd, on a seven-count charge of money laundering involving N1.38 billion, $1 million, and £34,537.59.
One of the charges alleges that Okoye and Northside Music Ltd, in 2022, acquired a property at No. 5, Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos, for N850 million, knowing or having reason to know that the funds were proceeds of an unlawful act. The EFCC stated that this violates Section 18 (2)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022, and is punishable under Section 18 (3) of the same Act.
