An Ikeja Special Offences Court yesterday 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, Northside Music Ltd., on a four-count charge of theft, brought against him by the Economic and Financial Crimes Commission, EFCC, but he pleaded not guilty.
Delivering his ruling on the bail application moved by JUDE’S lead counsel, CLEMENT ONWUENWUNOR, Justice RAHMAN OSHODI said he had considered the affidavit evidence and oral submissions presented by the parties and he is satisfied that the issue of bail should be resolved in the defendant’s favour, therefore, granted the defendant bail in the sum of N50 million, with two sureties in like sum, who must be gainfully employed and provide evidence of three years’ tax payments to the Lagos State Government.
OSHODI also directed EFCC to notify the Immigration office to withhold the defendant’s international passport pending the determination of the case.
The court adjourned the case until 16th May for the commencement of trial.
