Court grants P-Square’s ex-manager N50m bail

Court grants P-Square’s ex-manager N50m bail

 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, Northside Music Ltd., 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.

 

“The singular issue for determination is whether or not the
court should exercise its discretion in favour of the first defendant by
granting him bail.

 

“Section 115 (2) of the ACJL confers discretion upon this
court to grant bail in cases not punishable by death.

 

“I am therefore satisfied that the issue of bail should be
resolved in the defendant’s favour,” the judge said.

 

He, therefore, granted the defendant bail in the sum of N50
million, with two sureties in like sum.

 

Oshodi stated that the sureties must be gainfully employed
and provide evidence of three years’ tax payments to the Lagos State
Government.

 

He ordered the defendant to submit his dual citizenship
documents to the chief registrar of the court.

 

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.

Source: Court grants P-Square’s ex-manager N50m bail

 - NigerianEye

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