Okoye was arraigned on Wednesday, February 26, alongside his company, Northside Music Ltd, on a seven-count charge of alleged money laundering involving ₦1.38 billion, $1 million, and £34,537.59.
He pleaded not guilty to the charges.
Following his plea, prosecution counsel Larry Peters Aso requested a date for the trial and urged the court to remand the defendant in a correctional facility. However, Okoye’s counsel, Inibehe Effiong, informed the court of a pending bail application and requested that his client remain in EFCC custody pending the hearing.