Lagos Court Grants Jude Okoye 50m Bail in Alleged $1m, £34k Theft Case, Seizes His Passports

• Jude Okoye has been granted bailed after he was accused of alleged theft and re-arrested by the EFCC
• He was granted bail of N50 million after presenting sureties with three years' tax evidence
• His case was adjourned till May for further hearing as the court shared more details about their findings

Embattled former Psquare manager, Jude Okoye, has once again regained his freedom after he was arrested by the Economic and Financial Crimes Commission, EFCC.

Legit.ng earlier reported that Okoye was re-arrested and fresh charges of alleged theft were levelled against him by the antigraft body.

According to a report by Vanguard newspaper, Jude regained his freedom after meeting the N50 million bail condition.

A Lagos Special Offences Court had set strict conditions in the ongoing case of alleged theft of $1,019,763.87 and £34,537.59.

The presiding judge, Justice Rahman Oshodi, directed Okoye to provide two sureties, each with N50 million, residing in Lagos state, along with three years' tax payment evidence.

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Court seizes Jude Okoye's passports

The talent manager was also required to surrender his three passports – Nigerian, St. Kitts, and Nevis.

Vanguard further reported that the Economic and Financial Crimes Commission (EFCC) was instructed to notify immigration authorities to prevent Jude from fleeing Nigeria.

However, the EFCC prosecutor, Mohammed Bashir, was against Jude being granted bail.

He opined that the businessman has dual passports and may run away from facing the wrath of the court over his theft allegations

His case was later adjourned to May 16 and 23, 2025, for continuous hearing.

Before he was granted bail, it was discovered that Jude Okoye's confession were not coherent.

He had stated that he collected, N200 million in dollars from one Samson Bitrus. The dollars were taken to his office in Abuja, and he signed some documents, however, it was later discovered that they couldn't reconcile his written statement to what he told the court about the case.

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How Paul reacted to brother's case

Paul, one of the brothers of the talent manager, had shared some posts online. He blamed someone for the case and went to bail Jude.

However, he didn't mention the person's name. He later unfollowed his twin brother, Peter Okoye.

The defunct Psquare has continued to make headlines as Nigerians weigh into the controversies surrounding the group. Many of their fans have repeatedly urged them to embrace peace and reunite again.

Paul Okoye supports brother

Meanwhile, Legit.ng had reported that Paul Okoye had thrown his weight behind his elder brother, Jude Okoye after he was arrested by the EFCC.

Jude Okoye had been accused of alleged fraud and remanded at the correctional centre till the case was heard in court.

He told his brother that it was a phrase, and it would soon pass away. He encouraged him to stay strong and be patient about the case. His fans were not happy with his post, as some of them taunted him about it in the comment section.

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Proofreading by James Ojo, copy editor at Legit.ng.

Source: Legit.ng