The Economic and Financial Crimes Commission (EFCC) will arraign North Side Music CEO Jude Okoye, aka ‘Jude Engees, on fresh charges of $1 million, £34,000 diversion.
Reports say that the EFCC will arraign Jude, the elder brother of defucnt music group P Square (comprising Peter and Paul Okoye), on Tuesday before the Lagos State Special Offences Court in Ikeja over alleged $1,019,763.87 and £34,537.59 theft.
The arraignment, originally scheduled for Monday, was canceled because the Ikoyi Correctional Center had not received any information regarding his arraignment at Ikeja on four counts that the EFCC had brought before Justice Rahman Oshodi.
READ ALSO: Peter Okoye denies being responsible for elder brother Jude’s EFCC’s travails
On Wednesday, February 26, Jude Okoye and his company, Northside Music Ltd., were charged with seven counts of allegedly laundering N1.38 billion, $1 million, and £34,537.59.
“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 offense contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.” One of the counts against Jude Okoye read.
“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 sixty-two dollars eighty-seven cents), domiciled in Access Bank Plc operated by Northside Music Ltd., to the naira equivalent and remitted into various bank accounts with the intention of concealing that the said fund formed part of the proceeds of an unlawful act and thereby committed an offense contrary to Section 18 (2)(a) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.” The second count against Jude Okoye, who pleaded not guilty to the charges against him read.
Source: Ripples
