Northside Music Limited boss, Jude Okoye has been granted bail by the court.

A Federal High Court in Ikoyi, Lagos granted the former manager of the defunct music group, P-Square bail in the sum of N100 million ahead of his trial for the N1.3billion fraud case.

For those who don’t know, Jude Okoye, the elder brother of Peter and Paul Okoye of the defunct P-Square group 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. During Friday’s hearing, the defense filed a bail application, which the prosecution countered with an affidavit, arguing that Okoye posed a flight risk and could interfere with witnesses.

On Monday, the judge ruled in favour of granting bail, setting conditions that require Okoye to provide two sureties, each with landed property in Lagos worth N100 million. The court must verify the property documents, and Okoye is prohibited from travelling outside Nigeria without approval.

Justice Owoeye stated that Okoye would remain in custody until he meets the bail conditions. His trial is set to begin on April 14, 2025.