Justice Rahman Oshodi of the Lagos Special Offences Court, Ikeja, has ordered the remand of Jude Okoye, the elder brother of Peter Okoye (Mr P) and Paul Okoye (Rude Boy), at the Ikoyi Custodial Centre. Okoye, the former manager of the defunct music group P-Square, was arraigned alongside his company, Northside Music Limited, by the Economic and Financial Crimes Commission (EFCC) on a four-count charge of stealing.
According to the charge marked Ref/99260/2025, the EFCC accused Okoye of dishonestly converting $767,544.15, paid by Lex Records Limited for music digital distribution and publishing royalties, “with the intent to permanently deprive the complainant, Peter Okoye, of his special interest in the funds.”
The commission further alleged that between 2016 and 2023, Okoye dishonestly converted £34,537.59, paid by Lex Records Limited for similar royalties, “with the intent to permanently deprive the complainant of his interest in the property.” Additionally, Okoye was accused of converting $133,566.49, paid by Kobalt Music for music digital distribution and publishing royalties, and $118,652.23, paid by Mtech Limited for royalties, both “with the intent to deprive Peter Okoye of his rightful interests in the funds.”
Okoye pleaded not guilty to all the charges. His defence counsel, Mr Clement Onwuenwunor (SAN), informed the court that he had filed a bail application dated January 27 and urged the court to grant his client bail. However, the prosecution counsel, Mr Mohammed Bashir, requested a short adjournment to allow time for the filing of a counter-affidavit to the bail application.
Justice Oshodi subsequently ordered the defendant’s remand at the Ikoyi Custodial Centre pending the hearing of his bail application. The case was adjourned to March 6 for the hearing.