Advertisement
Politics

BREAKING: Court sentences Serving Nigerian Senator to 7 years in Prison [PHOTO]

Advertisement

The Lagos Division of the Court of Appeal on Friday convicted and sentenced the Senator representing Delta North Senatorial District at the National Assembly, Peter Nwaoboshi, to seven years imprisonment.

The court also ordered that the senator’s two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, be wound up in line with the provisions of Section 22 of the Money Laundering Prohibition Act 2021.

The Economic and Financial Crimes Commission said the the court’s ruling was delivered in an appeal challenging the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021, discharged and acquitted the defendants on two counts of fraud and money laundering.

EFCC had arraigned the three defendants over the acquisition of a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million.

Part of the money paid to the vendor – N322 million transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd – was alleged to be part of proceeds of fraud.

More to come…..

Advertisement
Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button