Jude Okoye, P-Square’s Elder Brother, Remanded in EFCC Custody Over Alleged ₦1.38 Billion Fraud

 The Nigerian entertainment industry has been rocked by another financial scandal as Jude Okoye, the elder brother and former manager of the iconic music duo P-Square, has been remanded in the custody of the Economic and Financial Crimes Commission (EFCC) over an alleged fraud case involving a staggering ₦1.38 billion.

According to reports, Jude Okoye, a well-known figure in the Nigerian music industry, is facing accusations of financial misconduct, including alleged fraudulent dealings linked to business transactions and financial investments. While specific details of the allegations are still emerging, the EFCC has confirmed that he is being investigated for suspicious financial activities and possible money laundering.

Sources within the anti-graft agency disclosed that Okoye was taken into custody after preliminary investigations linked him to a complex financial network allegedly involving fraudulent business transactions. The EFCC has reportedly traced suspicious financial flows to accounts connected to him, leading to his detention for further questioning.

“The investigation is ongoing, but preliminary findings suggest that there are significant financial irregularities linked to transactions involving the suspect. We are currently reviewing the evidence to determine the full extent of his involvement,” an EFCC official stated.

Jude Okoye, who played a key role in managing and shaping the careers of his younger brothers, Peter and Paul Okoye (better known as P-Square), has yet to release an official statement on the allegations. However, close associates of the music executive insist that he is innocent and that the accusations are politically motivated.

Jude Okoye arriving at the EFCC’s Office

Fans of the P-Square family have expressed mixed reactions, with some supporting Jude and calling for a fair trial, while others insist that the law must take its course if he is found guilty. Some industry insiders believe that this scandal could have a lasting impact on his career and business ventures, given the severity of the allegations.

As the case unfolds, legal analysts predict that Jude Okoye’s legal team will push for his release on bail, pending further investigations. However, the EFCC has vowed to conduct a thorough probe and ensure that anyone found guilty of financial crimes faces the full weight of the law.

With the Nigerian entertainment industry increasingly facing scrutiny over financial misconduct, many are watching closely to see how this high-profile case develops and whether it will lead to further revelations about the financial dealings of key players in the industry.