By Ude Michael
Music Executive Jude Okoye Released Amidst N1.38bn Fraud Allegations
Popular Nigerian music executive, Jude Okoye, has regained his freedom following his detention in connection with an alleged N1.38 billion fraud case that has made headlines in recent days.
Okoye, who is well-known in the Nigerian entertainment industry for managing several top artists and co-founding Square Records, was reportedly questioned over his alleged involvement in a large-scale financial fraud currently under investigation by authorities. Details surrounding the allegations remain sketchy, but sources indicate that Okoye has maintained his innocence throughout the process.
Following several days in custody, he was released earlier this week, pending further investigation. Legal representatives for Okoye confirmed his release, noting that he is cooperating fully with authorities and has not been formally charged with any wrongdoing.
“He has nothing to hide and is confident that his name will be cleared,” a source close to the music mogul stated.
The case has drawn significant public attention, with fans and industry colleagues expressing both support and surprise over the allegations. While law enforcement agencies continue their probe, Okoye is expected to resume his professional duties in the entertainment sector.
As investigations unfold, the music executive’s legal team says they are prepared to challenge any charges that may arise, insisting that Okoye’s dealings have always been transparent and legitimate.
The Economic and Financial Crimes Commission (EFCC) has yet to issue an official statement on the outcome of its initial findings or the next steps in the case.
