Jude Okoye, Psquare’s former manager, has finally regained his freedom after meeting his bail conditions in an ongoing N1.38 billion money laundering trial.
Jude, the elder brother to music stars Peter and Paul Okoye, and Northside Music Limited, his company, face a seven-count charge before A. Owoeye of the federal high court in Ikoyi, Lagos.
The charges include allegations of laundering N1.38 billion, $1 million, and £34,537.59. He pleaded not guilty when first arraigned on February 26, 2025, and was granted bail set at N100 million.
On March 3, the Economic and Financial Crimes Commission (EFCC) filed an additional four-count charge, accusing Jude of diverting music royalties meant 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 announcing that his older brother had been released from prison.
According to the post “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.