The Economic and Financial Crimes Commission, EFCC, is set to arraign Jude Okoye, former manager and elder brother of P-Square duo Peter (Mr. P) and Paul (Rudeboy) Okoye, over alleged theft of $1,019,763.87 and £34,537.59.
The case will be heard at the Lagos State Special Offences Court, Ikeja, on Tuesday.
Okoye is accused of misappropriating funds meant for music digital distribution and publishing royalties between 2016 and 2023. According to the EFCC, he dishonestly converted:
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$767,544.15 paid by Lex Records Limited
£34,537.59 from the same company
$133,566.49 from Kobalt Music
$118,652.23 from Mtech Limited
These funds were allegedly meant for Peter Okoye’s royalties.
His arraignment, initially scheduled for Monday, was postponed due to a delay in processing his transfer from the Ikoyi Correctional Centre. The EFCC’s four-count charge (Case No. Ref/99260/2025) cites violations of Sections 278 and 285 of the Lagos State Criminal Laws.
Separately, Okoye was arraigned on February 26, 2025, before the Federal High Court in Lagos on seven counts of money laundering involving N1.38 billion, $1 million, and £34,537.59.
