The Economic and Financial Crimes Commission (EFCC) will on Tuesday arraign music executive Jude Okoye over allegations of fraud and money laundering amounting to N1.38 billion, $1 million, and £34,537.59 before the Lagos State Special Offences Court in Ikeja.
Okoye, who is also the elder brother and former manager of Paul and Peter Okoye of the defunct P-Square music group, faces a four-count filed by EFCC prosecutor Aso Larry Peters on January 27.
His arraignment, initially scheduled for Monday, was postponed after the Ikoyi Correctional Centre, where he is currently remanded, stated it had not received formal notification of his court appearance.
According to the EFCC, Okoye is accused of dishonestly converting $767,544.15 paid to Lex Records Limited as digital distribution royalties, intending to deprive Peter Okoye of his rightful earnings.
Between 2016 and 2023, he allegedly converted…
Read More
