A Federal High Court in Ikoyi, Lagos, has granted bail in the sum of N100 million to Jude Okoye Chigozie, former manager of the defunct music group P-Square, who is facing money laundering charges.
Okoye is standing trial alongside his company, Northside Music Limited, on seven counts of money laundering charges filed by the Economic and Financial Crimes Commission (EFCC). He pleaded not guilty during his arraignment on February 26, 2025.
At Monday’s hearing, Okoye’s counsel, Inibehe Effiong, applied for bail on medical grounds, while EFCC counsel, Fanen Anum, opposed the request, describing Okoye as a flight risk.
Justice Alexander Owoeye granted the bail with two sureties who must each provide N100 million, with one surety owning landed property within the court’s jurisdiction. Okoye was also ordered to notify the EFCC before travelling outside the jurisdiction.
The case was adjourned to April 14, 2025.
