The Lagos State Special Offences Court sitting in Ikeja has ordered the remand of Jude Okoye, the elder brother and former manager of Paul and Peter Okoye of the defunct music group, P-Square, for an alleged theft of $1 million and £34,537.59.
Justice Rahman Oshodi remanded him at the Ikoyi Correctional Centre where he is being held, pending the hearing of his bail application.
The judge adjourned the case until March 6 for a hearing of the bail application.
The EFCC had arraigned the defendant alongside his company, Northside Music Ltd on a four-count charge.
In one of the counts, Jude and his Northside Music Limited allegedly dishonestly converted the sum of $767,544.15 to his use. The alleged sum was paid by Lex Records limited as payment for music digital distribution/publishing royalties with intent to deprive his brother, Peter Okoye, his special interest in the asset. (Channels)