EFCC To Arraign Jude Okoye For Alleged $1million Theft On Tuesday

Justice Rahman Oshodi will preside over the four-count charge filed against Okoye by EFCC Prosecutor Aso Larry Peters on January 27.

 

The Economic and Financial Crimes Commission (EFCC) is set to arraign Jude Okoye, the elder brother and former manager of Paul and Peter Okoye of the defunct P-Square music group, over an alleged $1 million and £34,537.59 theft before the Lagos State Special Offences Court sitting in Ikeja on Tuesday.

Okoye’s arraignment was initially scheduled for Monday, March 3, but was stalled due to his absence in court.

 

Officials at the Ikoyi Correctional Centre, where he was remanded, claimed they had not received any directive for his court appearance.

 

 

The EFCC had accused Okoye of dishonestly converting $767,544.15 paid to Lex Records Limited as music digital distribution/publishing royalties meant for Peter Okoye, with the intent to deprive him of his rightful earnings.

 

The anti-graft agency further alleged that between 2016 and 2023, Okoye dishonestly converted £34,537.59 from Lex Records Limited, $133,566.49 from Kobalt Music, and $118,652.23 from Mtech Limited—funds paid as music digital distribution royalties meant for Peter Okoye.

 

According to the EFCC, the offences, committed between 2016 and 2023, violate Sections 278 and 285 of the Criminal Laws of Lagos State 2011.

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