By Seyi Babalola
Jude Okoye, Psquare’s former manager, has been freed from Ikoyi prison after meeting his bail terms in an ongoing N1.38 billion money laundering trial.
Jude, the eldest brother of music artists Peter and Paul Okoye, and his firm, Northside Music Limited, are facing a seven-count prosecution before A. Owoeye of the federal high court in Ikoyi, Lagos.
The accusations include claims of money laundering of N1.38 billion, $1 million, and £34,537.59. He pleaded not guilty during his initial arraignment on February 26, 2025, and was given N100 million bail.
On March 3, the Economic and Financial Crimes Commission (EFCC) filed an additional four-count indictment against Jude for diverting music profits intended for his brothers.
The prosecution alleged that he fraudulently converted funds, including $767,544.15, £34,537.59, $133,566.49, and $118,652.20 for personal use, “deliberately depriving Peter of his rightful earnings”.
For these fresh charges, Jude was granted another bail of N50 million — which he had been unable to meet.
But on Wednesday evening, Paul took to his Instagram page to reveal that his older brother had been released from prison.
He shared videos of Jude leaving the prison and reuniting with his family after being away for two months.
“Jude is finally out after 2months + all their efforts to frustrate his bail has finally collapsed. Welcome home brother @judeengees And happy birthday,” he wrote.
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