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EFCC Arraigns Jude Okoye Over Multi-Million Dollar Theft and Money Laundering Allegations

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EFCC Arraigns Jude Okoye Over Multi-Million Dollar Theft and Money Laundering Allegations

EFCC Arraigns Jude Okoye Over Multi-Million Dollar Theft and Money Laundering Allegations

The Economic and Financial Crimes Commission (EFCC) is set to arraign Jude Okoye, the elder brother of popular Nigerian music duo Peter Okoye (Mr. P) and Paul Okoye (Rudeboy), over alleged financial crimes amounting to $1,019,763.87 and £34,537.59. The former manager of the defunct P-Square group will face trial on Tuesday at the Lagos State Special Offences Court in Ikeja on fresh charges of theft and misappropriation of royalties.

The EFCC has filed four counts of theft against Okoye before Justice Rahman Oshodi. However, his scheduled arraignment on Monday was stalled due to logistical issues at the Ikoyi Correctional Centre, which had not received the necessary information for his appearance in Ikeja.

Allegations Against Jude Okoye

According to the charge marked Ref/99260/2025, the anti-graft agency alleges that Okoye dishonestly converted $767,544.15, a sum paid to Lex Records Limited for music digital distribution and publishing royalties, thereby depriving Peter Okoye of his rightful share. The charge further states that between 2016 and 2023, Okoye converted £34,537.59, also paid by Lex Records Limited, without authorization or consent.

The EFCC also accuses Okoye of misappropriating $133,566.49 received from Kobalt Music for digital distribution and publishing royalties, along with an additional $118,652.23 paid by Mtech Limited, all of which allegedly belonged to Peter Okoye. These offences, the commission asserts, contravene Sections 278 and 285 of the Criminal Laws of Lagos State, 2011.

Previous Court Proceedings and Bail Conditions

In a separate case, Okoye was arraigned before the Federal High Court in Lagos on February 26, 2025, on charges of money laundering involving N1.38 billion, $1 million, and £34,537.59. He was arraigned alongside his company, Northside Music Limited, on seven counts of financial crimes.

According to the EFCC, Okoye and Northside Music Limited allegedly acquired a property valued at N850 million at No. 5 Tony Eromosele Street, Parkview Estate, Ikoyi, Lagos, using proceeds from illicit financial activities. The agency further alleges that in 2022, Okoye used a Bureau De Change to convert $1,019,762.87 from an Access Bank account into naira and subsequently transferred the funds to various accounts in an attempt to obscure the origin of the money.

Despite pleading not guilty to all charges, Okoye was remanded at the Ikoyi Correctional Centre pending a bail ruling. On Monday, Justice Alexander Owoeye granted him bail in the sum of N100 million with two sureties in like sum. The court mandated that one of the sureties must be a landed property owner, while the other must be a business owner with a verifiable address. The judge further directed that the sureties present an affidavit of means and that the property title as well as their Bank Verification Number (BVN) be deposited with the court.

Justice Owoeye also imposed a travel restriction on Okoye, barring him from leaving the country until the case is concluded. He remains in custody at the Ikoyi Correctional Centre pending the fulfillment of his bail conditions.

Trial Date Set Amidst Industry Reactions

The trial is set to commence on April 14, 2025, as the EFCC intensifies its crackdown on financial crimes in the Nigerian entertainment industry. The case has sent shockwaves across the music and entertainment sectors, raising concerns about financial transparency and trust in music management deals.

Industry stakeholders have expressed mixed reactions to the case, with some calling for stringent measures to prevent financial mismanagement in the entertainment industry. Others argue that the ongoing legal battle could significantly impact the reputation and future dealings of Nigerian artists with international music distribution firms.

As the case unfolds, all eyes will be on the Nigerian judicial system to ensure justice is served in what could be one of the most high-profile financial crime cases involving a key figure in Nigeria’s music industry.

 

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Tinubu’s ‘Renewed Hope’ Agenda: General Buratai Remains Loyal, Rebuffs Misinformation – Engr Hassan

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Tinubu’s ‘Renewed Hope’ Agenda: General Buratai Remains Loyal, Rebuffs Misinformation – Engr Hassan

Tinubu’s ‘Renewed Hope’ Agenda: General Buratai Remains Loyal, Rebuffs Misinformation – Engr Hassan

 

Supporters of former Chief of Army Staff, Tukur Yusuf Buratai, have dismissed claims circulating on social media alleging that the retired army general is working against the administration of President Bola Ahmed Tinubu.

 

In a statement issued on Friday by Engr. Hassan Mohammed, Sarkin Yakin Garkuwan Keffi, the former Nigerian Ambassador to the Republic of Benin was described as a committed statesman who remains loyal to constituted authority and dedicated to Nigeria’s unity and stability.

Tinubu’s ‘Renewed Hope’ Agenda: General Buratai Remains Loyal, Rebuffs Misinformation – Engr Hassan

The statement noted that Buratai, who served as Chief of Army Staff and later as ambassador, had throughout his career demonstrated discipline, professionalism and respect for constitutional authority.
According to Mohammed, the retired lieutenant general has consistently expressed support for the Tinubu administration and its Renewed Hope agenda, particularly in the areas of national security, youth empowerment and national cohesion.

 

He said, “Gen. Buratai remains a committed Nigerian statesman who has always placed national interest above personal politics.”
The statement further described reports linking Buratai to alleged anti-government activities as “baseless, politically motivated and aimed at creating unnecessary division.”

Mohammed urged Nigerians to disregard what he called attempts at blackmail and misinformation, insisting that Buratai’s public record and engagements reflect his continued support for the current administration.

“His actions and public record speak louder than online rumours,” the statement added.
The supporters also called on the public to remain focused on issues that promote national development and unity rather than social media speculation.

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General Buratai Backs Son’s Political Ambition, Calls For Greater Youth Inclusion In Governance

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General Buratai Backs Son’s Political Ambition, Calls For Greater Youth Inclusion In Governance

 

Former Chief of Army Staff, Tukur Yusuf Buratai, has urged Nigerians to support young people in pursuing their dreams and taking active roles in politics, as he publicly endorsed the political ambition of his son, Tukur Buratai Jnr.

Buratai, a former Nigerian Ambassador to the Republic of Benin, made the call in a statement shared on his verified Facebook page, where he expressed support for his son’s decision to contest for the Biu Constituency seat in the Borno State House of Assembly under the platform of the All Progressives Congress⁠�.

According to the retired military chief, Nigeria’s future depends largely on its youthful population, stressing that excluding young people from governance and leadership would hinder national growth and development.

He noted that Nigerian youths should not merely be regarded as leaders of tomorrow, but as active contributors and solution providers capable of shaping the country’s future today.

Buratai further emphasized the need to create opportunities and an enabling environment for young Nigerians to thrive politically, economically, and socially, describing youth inclusion as critical to nation-building.

The endorsement of Captain Buratai Jnr, a pilot, is being viewed by political observers as a symbolic transfer of leadership ideals, discipline, and patriotism from one generation to another.

His candidacy is also expected to inject youthful energy and fresh perspectives into legislative representation in Biu Constituency ahead of future political contests.

As preparations gradually begin towards the next electoral cycle, Buratai’s message is likely to resonate among young Nigerians seeking greater participation in governance and public service.

 

General Buratai Backs Son’s Political Ambition, Calls For Greater Youth Inclusion In Governance

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Buratai Celebrates Ex-Internal Affairs Minister, General Magoro, At 85

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Buratai Urges FG to Form School Safety Task Force

Buratai Celebrates Ex-Internal Affairs Minister, General Magoro, At 85

 

 

Former Chief of Army Staff, Tukur Yusufu Buratai, has paid glowing tribute to retired Major General Muhammadu Magoro on the occasion of his 85th birthday, describing him as “a national hero and a general par excellence.”

 

 

 

In a congratulatory message issued on Thursday, Buratai hailed Magoro’s decades of service to Nigeria, noting that his military and political careers remained a model of patriotism, discipline, and leadership.

Magoro, who holds the traditional title of Mutawallen of Kebbi Kingdom, served as a commander during the Nigerian Civil War, later becoming Minister of Internal Affairs and a senator during the Second Republic.

 

Buratai said the retired general’s contributions to national development and security had earned him recognition both within and outside Nigeria.

 

 

 

 

He also acknowledged Magoro’s role in mentoring younger military officers, including himself, stressing that the elder statesman’s guidance and professional conduct had inspired generations of military leaders.

 

 

The former army chief recalled recently reconnecting with Magoro during the 25th anniversary celebration of the Arewa Consultative Forum in Kaduna, describing the meeting as symbolic of the enduring bond among those who had served the nation selflessly.

 

 

 

 

“As you mark this 85th birthday, I pray that Almighty Allah continues to bless you with good health, peace of mind, and many more fruitful years,” Buratai stated.

 

 

 

He further noted that Magoro’s legacy would continue to inspire future leaders across military and civilian institutions in the country.

 

 

 

Buratai concluded the message by wishing the elder statesman a memorable celebration, declaring that “Nigeria salutes” him for his sacrifices and enduring service to the nation.

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