An Ikeja Special Offences Court on Thursday granted bail of N50 million to Jude Okoye, the former manager of P-Square, who has been charged with stealing $1 million and £34,537.
Jude, the elder brother of Peter and Paul Okoye, is standing trial alongside his company, on a four-count charge of theft.
The Economic and Financial Crimes Commission, EFCC, filed the charges against him, but he pleaded not guilty
Delivering his ruling on the bail application moved by Jude’s lead counsel, Clement Onwuenwunor, SAN, Justice Rahman Oshodi said he had considered the affidavit evidence and oral submissions presented by the parties.
He, therefore, granted the defendant bail in the sum of N50 million, with two sureties in like sum.