07
Mar
A Federal High Court in Ikoyi, Lagos, has granted Jude Okoye, the elder brother and former manager of the defunct music group P-Square, bail in the sum of N100 million ($67,000) ahead of his trial for alleged fraud. Okoye was arraigned by the Economic and Financial Crimes Commission (EFCC) on charges of laundering N1.38 billion, $1 million, and £34,537.59. He pleaded not guilty and was initially remanded in the Ikoyi Correctional Facility by Justice Alexander Owoeye. His counsel, Inibehe Effiong, had requested that he be kept in EFCC custody instead, but the prosecution counsel, Larry Peters Aso, opposed the request.…