The Economic and Financial Crimes Commission (EFCC) has arraigned Jude Chigozie Okoye, the elder brother and former manager of the defunct music duo P-Square, on new charges of financial misappropriation.
The arraignment took place on March 4, 2025, before Justice Rahman Oshodi at the Special Offences Court in Ikeja, Lagos. Okoye, alongside his company, Northside Music Ltd, faces four counts of stealing amounts totaling $1,019,762.87 and £34,537.59.
Background
Jude Okoye rose to prominence as the manager of P-Square, comprising his younger brothers, Paul and Peter Okoye. The group achieved significant success across Africa and internationally before disbanding in 2017 due to internal disputes. Post their split, Jude continued his involvement in the music industry through Northside Music Ltd.
Previous Legal Issues
Prior to the recent charges, Okoye was arraigned on February 26, 2025, before Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos. In that case, he faced seven counts of money laundering involving N1.38 billion, $1 million, and £34,537.59. The EFCC alleged that Okoye acquired properties and converted funds suspected to be proceeds of unlawful activities.
Current Allegations
The latest charges pertain to alleged offenses committed between 2016 and 2023. The EFCC asserts that Okoye dishonestly converted funds intended for music digital distribution and publishing royalties. Specifically, he is accused of misappropriating $767,544.15 paid by Lex Records Limited and £34,537.59 from the same company. Additionally, he allegedly diverted $133,566.49 from Kobalt Music Services Limited and $118,652.23 from Mtech Limited. These actions purportedly contravene Sections 278 and 285 of the Criminal Law of Lagos State 2011.
Court Proceedings
During the court session, Okoye pleaded not guilty to all charges. Prosecution counsel M.K. Bashir requested a trial date and urged the court to remand Okoye in a correctional facility. Defense counsel Clement Onwenwnor, SAN, informed the court of a pending bail application and requested that Okoye be remanded in EFCC custody pending its hearing. Onwenwnor highlighted that Okoye had recently been granted bail on similar charges by Justice Owoeye on March 3, 2025.
Bashir opposed the defense’s request, emphasizing that since Okoye had already taken his plea, he should be remanded in a correctional facility. Justice Oshodi adjourned the case to March 6, 2025, for the hearing of the bail application and scheduled the trial for May 16 and 23, 2025. He ordered that Okoye be remanded in the Ikoyi Correctional Centre.
Implications for the Music Industry
The allegations against Okoye have sent ripples through Nigeria’s music industry, given his influential role in managing one of Africa’s most successful music groups. The case underscores the importance of transparency and accountability in the management of artists’ finances and royalties. As the legal proceedings unfold, stakeholders in the entertainment sector are keenly observing the outcomes, which could set precedents for industry practices.
Public and Media Reaction
The arraignment has attracted significant media attention, with discussions focusing on the broader implications for the Nigerian entertainment industry. Fans of P-Square and industry insiders have expressed mixed reactions, ranging from disappointment to calls for due process. Social media platforms are abuzz with debates about the responsibilities of managers and the protection of artists’ rights.
Next Steps
As the court prepares to hear the bail application on March 6, 2025, legal analysts anticipate rigorous arguments from both the prosecution and defense. The EFCC’s commitment to pursuing the case reflects its broader mandate to combat financial crimes in Nigeria. The outcomes of these proceedings may have lasting impacts on the governance structures within Nigeria’s entertainment industry.
The EFCC has reiterated its dedication to ensuring that justice is served, emphasizing the need for financial integrity across all sectors. The commission’s actions in this high-profile case demonstrate its resolve to address alleged financial misconduct, irrespective of the individuals involved.
Conclusion
The arraignment of Jude Okoye on fresh charges marks a pivotal moment in the intersection of Nigeria’s legal and entertainment landscapes. As the judiciary evaluates the evidence presented, the case serves as a reminder of the critical importance of ethical financial management within the creative industries. The forthcoming proceedings are poised to shed light on the intricacies of royalty management and the fiduciary duties of those entrusted with artists’ earnings.
