The troubles facing Jude Okoye, the former manager of the defunct music group P-Square, are far from over as the Economic and Financial Crimes Commission (EFCC) prepares to re-arraign him on fresh charges of financial misconduct.
New Charges Filed
According to reports, the EFCC will arraign Jude Okoye on Tuesday over allegations of theft involving $1,019,763.87 and £34,537.59. The anti-graft agency has filed four counts against him before Justice Rahmon Oshodi.
His scheduled arraignment, which was initially not planned for Monday, could not proceed as the Ikoyi Correctional Centre had not received the necessary documentation for his court appearance in Ikeja.
Allegations Against Jude Okoye
The EFCC accuses Okoye of dishonestly converting $767,544.15 meant for music digital distribution and publishing royalties from Lex Records Limited, intending to deprive Peter Okoye of his rightful share.
Additionally, between 2016 and 2023, he allegedly misappropriated £34,537.59, also paid by Lex Records Limited for the same purpose.
The charges further state that he dishonestly converted $133,566.49, a sum paid by Kobalt Music for digital distribution and publishing royalties, again with the intent to deprive Peter Okoye of his share.
Legal Implications and Previous Case
The EFCC asserts that these actions violate Sections 278 and 285 of the Lagos State Criminal Laws of 2011. This new case comes less than 24 hours after Jude Okoye was granted bail following his previous arraignment for an alleged N1.38 billion fraud.
Last week, Okoye was arraigned at the Federal High Court in Ikoyi, where Justice Alexander Owoeye granted him bail with strict conditions. The court required him to provide two sureties in like sum, one of whom must own landed property. Additionally, he was restricted from traveling outside the country.
As the EFCC moves forward with fresh charges, all eyes are on the legal proceedings that could determine the fate of the former P-Square manager.
0 Comments