Showbiz
EFCC to Arraign Jude Okoye on Fresh Theft Allegations
By Adedapo Adesanya
The Economic and Financial Crimes Commission (EFCC) will on Tuesday arraign Mr Jude Okoye on a fresh charge of $1 million and £34,537.59 theft before the Lagos State Special Offences Court sitting in Ikeja.
The accused is the elder brother and former manager of Paul and Peter Okoye of the defunct music group, P-Square.
Justice Rahman Oshodi will hear the four counts charge filed before the court on January 27 by the EFCC Prosecutor, Mr Aso Larry Peters.
Mr Okoye’s arraignment before the court was initially slated for Monday (today) but could not go on because the defendant was absent in court as the Ikoyi Correctional Centre where he was remanded said it had not received any information for his arraignment.
In the charge, the EFCC accused Mr Okoye of dishonestly converting to his use the sum of $767,544.15, which was paid by Lex Records Limited as payment for music digital distribution/publishing royalties with intent to permanently deprive Mr Peter Okoye his special interest in the asset.
He was also accused to have sometimes between 2016 and 2023, dishonestly converted the sum of £34,537.59, paid by Lex Records Limited as payment for music digital distribution/ publishing royalties with intent to permanently deprive, Mr Peter Okoye his special interest in the asset.
The commission also alleged that Jude Okoye dishonestly converted the sum of $133,566.49, a sum paid by Kobalt Music digital distribution/publishing royalties with intent to permanently deprive his brother, Mr Peter Okoye, his special interest in the asset.
The anti-graft agency also said the defendant dishonestly converted the sum of $118,652.23, paid by Mtech Limited as payment for music digital distribution publishing royalties, with intent to permanently deprive his brother of his special interest.
According to the EFCC, the offences committed between 2016 and 2023, contravene sections 278 and 285 of the criminal laws of Lagos State 2011.
Meanwhile, another court, the Federal High Court sitting in Ikoyi, Lagos on Monday granted a N100 million bail to the defendant, Mr Jude Okoye.
Justice Alexander Owoeye granted him bail with two sureties in the like sum.
The judge held that “one of the sureties must be the owner of a landed property, while the other surety must be a business owner with verifiable address.
“Both sureties shall show an affidavit of means”.
Justice Owoeye also ordered that the property title as well as the Bank Verification Number (BVN) shall be deposited before the court.
“The defendant shall not travel out of the country, pending the hearing and determination of the charges. The defendant shall continue to be remanded at the Ikoyi Correctional Centre, pending the fulfillment of his bail conditions,” the judge held.
The case was adjourned till April 14, for the commencement of trial.
One of his brothers, Paul (second part of the former PSquare), who now goes by the stage name, Rude boy, was present in court to give support to the defendant.
Mr Okoye was arraigned on February 26, 2025, before the court, by the EFCC for an alleged crime of money laundering involving N1.38 billion, $1 million, and £34,537.59.
He was arraigned alongside his company, Northside Music Limited, on seven counts preferred against him by EFCC.
The Commission told the court that the defendant alongside his Northside Music Limited sometime in 2022, in Lagos, directly acquired a landed property known as No 5, Tony Eromosele Street Parkview Estate, Ikoyi, Lagos worth N850,000,000.(Eight hundred and fifty million naira) with money he knew or reasonably ought to have known forms part of the proceeds of unlawful activities.
The anti-graft agency also alleged that Okoye and his company, in 2022, used a Bureau De Change to convert $1,019,762.87, held in an Access Bank account operated by Northside Music Ltd, into naira and transferred the funds into various bank accounts to conceal the illicit origin of the money.
According to EFCC, the offences committed contravene Sections 18 (2)(a) of the Money Laundering Prevention and Prohibition Act and are punishable under Section 18 (3) of the same Act.
Mr Jude Okoye pleaded not guilty to all the counts.
Showbiz
My Father’s Shadow Wins Best Film at AMVCA 12
By Adedapo Adesanya
Critically acclaimed drama, My Father’s Shadow, emerged as the winner of the prestigious Best Movie category at the 12th Africa Magic Viewers’ Choice Award.
The win, at the showpiece held on Saturday, May 9, 2026, cements its place among the most celebrated African films of recent years.
The award was received by producers, Ms Funmbi Ogunbanwo and Ms Rachel Dargavel, whose work on the project has continued to attract widespread recognition both within and outside Africa.
Africa Magic described the movie as a production that “delivered on every level: story, craft, and impact,” applauding its artistic depth, emotional storytelling and cinematic excellence. The category was sponsored by Don Julio.
Directed by Akinola Davies Jr. in his feature film debut and co-written with his brother Wale “Tec” Davies, My Father’s Shadow tells a powerful coming-of-age story set against the backdrop of Nigeria’s tense political atmosphere during the 1993 election crisis.
The film follows two young brothers navigating the chaotic streets of Lagos alongside their estranged father, a journalist and activist, as the nation grapples with uncertainty during the transition from military rule.
The film, shot entirely on 16mm film, blends intimate family drama with political history, creating a visually striking narrative praised for its authenticity and emotional resonance.
The production stars Ṣọpẹ́ Dìrísù alongside brothers Godwin and Chibuike Marvellous Egbo, whose performances received widespread acclaim from critics and audiences.
Before its AMVCA triumph, My Father’s Shadow had already achieved significant international success, becoming the first Nigerian film selected for the Official Competition at the Cannes Film Festival, where it earned a Special Mention for the Caméra d’Or.
The movie also secured several global honours, including a BAFTA for Outstanding Debut, recognition at the Gotham Awards and a place on the BBC’s list of the best films of 2026.
FULL LIST OF NOMINEES & WINNERS
Best Digital Content Creator
Emmanuel Kanaga and Sophia Chisom — Leave to Live
BEST INDIGENOUS LANGUAGE (North Africa)
Our Memories
BEST INDIGENOUS LANGUAGE (East Africa)
Inside Job – Kamau Wandug’u et al.
Sayari – Omar Hamza, June Wairegi
Addis Fikir – Leul Shoaferaw [WINNER]
My Son – Isarito Mwakalindile
Kimote – Hassan Mageye
BEST INDIGENOUS LANGUAGE (WEST AFRICA)
The Serpent’s Gift – Winifred Mena-Ajakpovi
Lisabi: A Legend Is Born – Lateef Adedimeji [WINNER]
Labake Olododo – Iyabo Ojo et al.
Aljana – Grace Yakubu
Olorisha – Abiola Adeshina
BEST EDITING
To Kill A Monkey — WINNER
Cordelia
My Father’s Shadow
Landline
3 Cold Dishes
Osamede
BEST DOCUMENTARY
Beyond Olympic Glory — WINNER
The Good x The Bad of Afrobeat
The People Shall
Not Addressing This Anymore
BOU
BEST SHORT FILM
Rise – Jessie J. Rowlands
Fleas – Jordy Sank
Telephone – Fimisinuola Adejonwo
Hussainin – Orire Nwani, Josh Olaoluwa [WINNER]
My Body, God’s Temple – Uzoamaka Power
BEST SCORE/MUSIC
My Father’s Shadow — WINNER
3 Cold Dishes
Osamede
Gingerrr
The Party
MTV Shuga Mashariki
To Kill A Monkey
Best Unscripted M-Net Original
Nigerian Idol (S10) — WINNER (Sulaiman Kassim and Ameke)
Ultimate Girls Trip: Africa
Chapa Chapa My Love
Out N About (Harar)
Undugu
Best Scripted M-Net Original
Adam To Eve
Mother of the Brides
The Yard
The Low Priest (Femi Ogunsanwo)— WINNER
Bobo
Best Supporting Actress
Olamide Kidbaby – Oversabi Aunty
Bisola Aiyeola – Gingerrr
Sola Sobowale – The Covenant Series
Nadia Dutch – Aljana
Amal Umar – The Herd
Juliebrenda Nyambura – MTV Shuga Mashariki
Funke Akindele – Behind The Scene
Linda Ejiofor —The Herd [WINNER]
BEST SUPPORTING ACTOR
Simileoluwa Hassan – The Yard
Lateef Adedimeji – Gingerrr
Gabriel Afolayan – Colours of Fire
Bucci Franklin – To Kill A Monkey [WINNER]
Femi Adeboye – Agesinkole 2
Femi Branch – Red Circle
Uzor Arukwe – Behind The Scenes
Best Lead Actor
Mike Ezuruonye – Oversabi Aunty
Lateef Adedimeji – Lisabi: A Legend Is Born
William Benson – To Kill A Monkey
Kanayo O. Kanayo – Grandpa Must Obey
Khumbuza Meyiwa – Bet I Love You
Uzor Arukwe – Colours of Fire —[WINNER]
Wale Ojo – 3 Cold Dishes
Femi Branch – Red Circle
Uche Montana wins TRAILBLAZER AWARD
Best Series (Unscripted)
The Real Housewives of Lagos S3
Nigerian Idol S10
Ultimate Girls Trip: Africa
Offair With Gbemi and Toolz
Out N’ About (Harar) — [WINNER]
Best Series Scripted — Inimba [WINNER]
Best Director
Akinola Davies Jr – My Father’s Shadow —[WINNER]
Tunde Kelani – Cordelia
James Kalu Omokwe – Osamede
Daniel Etim-Effiong – The Herd
Yemi Morafa – Gingerrr
Asurf Amuwa Oluseyi – 3 Cold Dishes
Best Movie
Gingerrr
The Herd
My Father’s Shadow— [WINNER]
3 Cold Dishes
The Serpent’s Gift
Behind The Scenes
Showbiz
Warner Bros Discovery and Paramount Skydance Clear Shareholder Vote
Over 1.7 billion votes in favor against roughly 16.3 million opposed. Warner Bros Discovery shareholders approved the $110 billion Paramount Skydance merger on April 23, and the margin was not close. Anyone running 1xbet site ROI numbers across entertainment sector positions watched WBD shares trade in a tight band near the $31 cash offer through April, the kind of price action that confirms what the wagering markets had already settled on. Paramount beat Netflix in a months-long bidding war for Warner Bros that started in late 2025, and David Ellison now sits weeks away from running the largest media conglomerate assembled since the breakup of the old studio system.
What the $110 Billion Deal Looks Like on Paper
Paramount acquires 100% of WBD in an all-cash deal backed by committed investment from the Ellison family and RedBird Capital Partners. The SEC filing from February 27 laid out the financial architecture, and the numbers below capture the key terms.
| Deal Detail | Figure |
| Price per WBD share | $31 cash |
| WBD equity value | $81 billion |
| Enterprise value | $110 billion |
| EBITDA multiple | 7.5x (synergized 2026) |
| New Paramount shares issued | $47 billion at $16.02 |
| Minimum annual theatrical releases | 30 films |
Warner Bros film studio, HBO, CNN, TBS, TNT, CBS, Nickelodeon, and both companies’ television and film libraries all end up under one roof. Paramount committed to 30 theatrical releases a year in the filing, and the streaming side is where the growth bet sits. That much content in one place gives the merged entity a licensing position nobody else in the industry can match, and it also gives every sportsbook chasing broadcast-integration deals exactly one phone number to call when they want their odds overlays sitting alongside live sports.
How the Bidding War Played Out
Netflix went after WBD first. Paramount Skydance came in over the top, and by February 26 WBD’s board called it a superior proposal, with the definitive agreement signed the next morning. They set the shareholder vote for April 23 at 10 AM. It went 1.743 billion shares in favor, 16.3 million against, and 2.37 million abstaining.
Wagering markets had the outcome priced in long before the ballots were counted. Polymarket contracts on deal completion traded heavily through March and April at implied probabilities above 75%, and the gap between WBD’s trading price and the $31 offer shrank to under a dollar heading into the meeting. Anyone holding the deal-completion side of those contracts walked into the vote with a position the markets had already validated. The question on the table was the timing of the cash, not the outcome of the vote.
Regulatory Review and What Stands Between the Vote and Completion
Antitrust regulators on both sides of the Atlantic get the file next, along with a North American competition bureau that opened its review the same day shareholders voted. Hollywood is not thrilled either. Several high-profile entertainment figures have gone public with concerns about what a combined entity this size does to creative independence and working conditions on set.
For the sports betting industry, the regulatory holdup creates an unusual planning window. Sportsbooks running broadcast-integrated products, the kind that overlay live odds on game telecasts and tie promotions to specific media properties, typically negotiate those deals broadcaster by broadcaster. A combined Paramount-WBD would shrink the negotiating universe to one entity sitting on AFC football coverage at CBS, the cable sports wing through TNT, and the streaming distribution running underneath both. That changes leverage on both sides of the table.
Specific properties make the leverage explicit. NFL AFC games and college football sit at CBS. MLB postseason and the cable sports tier live at TNT. March Madness has been split between the two networks since 2011 under a deal that runs through 2032, which means a closed merger puts the entire tournament on one combined network platform for the first time. Sportsbooks negotiating in-stream odds overlays, contextual ads, and content partnerships across those properties currently run two separate tracks for the two broadcasters. After integration, those tracks collapse into a single conversation.
Ellison’s pitch to regulators has to be that consumers benefit and competition survives in streaming, theatrical distribution, and sports broadcasting. If the deal closes, premium scripted content, live sports rights, and cable news distribution all land under one company.
What Oddsmakers and Prediction Markets Are Watching
Completion timelines for deals this size typically stretch six to twelve months past the shareholder vote. Wagering lines on the merger closing before the end of 2026 reflect a split opinion, with Polymarket traders pricing it at roughly 55%. Regulatory conditions could push the timeline into early 2027. Books pricing media-sector futures contracts beyond the close itself, including first quarterly earnings and the sports-rights renewal cycles that follow, have already started taking positions, which is the cleanest tell that the integration is being priced as something more than a paperwork formality. Contracts pricing tighter regulatory conditions, including potential divestitures or behavioral remedies, have started attracting their own volume. That is a step further out the curve than where prediction markets typically sit on M&A timelines this early in the process.
Showbiz
AMVCA 12 Unveils Week-Long Celebration of African Film, Culture, and Creative Expression
The Africa Magic Viewers’ Choice Awards (AMVCA) returns for its 12th edition with an expanded, week-long lineup of events under the theme “Honouring Craft, Celebrating Culture.” This year’s edition is set to spotlight the richness of African storytelling, recognise industry excellence, and celebrate the continent’s vibrant creative spirit.
Scheduled to take place from May 6 to May 9, 2026, AMVCA 12 will bring together filmmakers, actors, creatives, and culture enthusiasts from across Africa for an immersive celebration of film, television, and cultural expression.
The week kicks off on May 6 with Young Filmmakers’ Day, a platform dedicated to nurturing emerging talent and fostering the next generation of African storytellers. The event will feature masterclasses, panel sessions, and networking opportunities designed to equip young creatives with the tools and insights needed to thrive in the industry.
On May 7, the spotlight shifts to Icons Night, an evening dedicated to celebrating industry veterans and trailblazers whose contributions have shaped the African film and television landscape. This night underscores the “Honouring Craft” pillar of this year’s theme by recognising the legacy and excellence of pioneers in the creative space.
The celebration continues on May 8 with the much-anticipated Cultural Night, a vibrant showcase of Africa’s diverse heritage through fashion, music, food, and performance. As a true reflection of “Celebrating Culture,” the event highlights the beauty, identity, and traditions that define the continent.
The week-long festivities will culminate on May 9 with the prestigious Awards Night, where outstanding achievements in film and television will be recognised across multiple categories. The ceremony promises an unforgettable evening of glamour, entertainment, and recognition of excellence within the African entertainment industry.
The AMVCA 12 Awards Night will air live across all Africa Magic channels from 7:00 PM (WAT), bringing the excitement of the celebration to audiences across the continent.
With this expanded format, AMVCA 12 continues to evolve beyond an awards show into a dynamic platform that honours craftsmanship, celebrates culture, and amplifies African voices on a global stage.
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