In a surprising turn of events in the P-Square feud, the twins’ older brother and former manager, Jude Okoye, has been arraigned on charges of laundering ₦1.38 billion, $1 million, and £34,537.59.
Channels Television reported that Jude and his business, Northside Music Ltd., were charged with seven counts and hauled before Federal High Court Judge Alexander Owoeye in Lagos.
The TV station reported that the charges against P-Square’s elder brother stated:
That you, Jude Okoye Chigozie and Northside Music Ltd sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth N850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful act and thereby committed an offence contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
Psquare
That you, Jude Okoye Chigozie and Northside Music Ltd sometime in 2022, in Lagos, within the jurisdiction of this Honourable Court, did indirectly, using bureau de change, convert the sum of $1,019,762.87 (One million nineteen thousand, seven hundred and six-two dollars eighty-seven cents), domiciled in Access Bank Plc operated by Northside Music Lid to the naira equivalent and remitted into various bank accounts to conceal that the said fund form part of the proceeds of an unlawful act and thereby committed an offence contrary to Section 18 (2)(a) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
Jude entered a not guilty plea to the seven counts against him during the hearing, and the case was postponed until February 28, 2025. His trial was set for April. Due to the EFCC’s facility’s maximum capacity, Jude was remanded to the Ikoyi Correctional Facility after the hearing.
