Justice Rahman Oshodi of the Special Offences Court in Ikeja has granted bail to Jude Okoye, the former manager of the defunct hip-hop music group P-Square, and his company, Northside Music Limited, over allegations of theft amounting to $1,019,763.87 and £34,537.59.
During the court session on Thursday, March 6, 2025, Justice Oshodi granted the first defendant bail in the sum of ₦50 million, with two sureties in like sum.
Jude Okoye and Northside Music Limited were arraigned before the court on March 4, 2025, on a four-count charge bordering on the alleged theft and conversion of over $1 million and £34,000 in royalties from digital music distribution and publishing.
During the arraignment, the prosecution counsel for the Economic and Financial Crimes Commission (EFCC), Mohammed Bashir, informed the court that Okoye and his company had allegedly stolen the funds between 2016 and 2023.
The EFCC argued that the alleged offences contravene Sections 278 and 285 of the Criminal Laws of Lagos State, 2011.
In response, Okoye’s defence counsel, Clement Onwuenwunor (SAN), informed the court that the defence had filed a bail application dated February 27, 2025.
The case has now been adjourned for further hearing as the trial proceedings continue.
