Appeal Court Slams 7 Yrs Jail Term On Senator Nwaoboshi - THE DAILY CRUCIBLE

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Friday, July 1, 2022

Appeal Court Slams 7 Yrs Jail Term On Senator Nwaoboshi





 | The Daily Crucible | Friday, July 1, 2022

The Lagos Division of the Court of Appeal has convicted and sentenced Senator Peter Nwaoboshi to seven years imprisonment.

Nwaoboshi is the Senator representing Delta North Senatorial District at the National Assembly and he is seeking re-election on the platform of the All Progressives Congress (APC).

He was sentenced on Friday.

The Appeal court also directed the senator’s two firms - Golden Touch Construction Project Ltd and Suiming Electrical Ltd, to wind up in line with the provisions of Section 22 of the Money Laundering Prohibition Act 2021.

The Economic and Financial Crimes Commission(EFCC) had approached the Appeal Court to challenge the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021, which discharged and acquitted the defendants on two counts of fraud and money laundering.

But the Appellate Court dismissed the discharged and acquital verdict of lower court and proceeded to convict and sentence Nwaoboshi to seven years in jail.

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.

Earlier in his judgment, Justice Aneke said the evidence of the prosecutor “proved that the third defendant obtained a loan of N1.2 billion from Zenith Bank for purchase of additional equipment and as provision of working capital.

“It also proved that the loan of N1.2 billion together with interest of N24 million was properly granted to the third. Nothing else was proved by the complainant or prosecutor in this case,” the EFCC quoted the judge as saying in a statement.

The high court judge was also quoted as claiming that a fatal blow was dealt to the case of the prosecution by its failure to call officials of Sterling Bank “to testify and probably tender exhibits F and F10. Consequently, he discharged and acquitted the defendants”.

However, ruling on the EFCC’s appeal on Friday, the Court of Appeal held that the trial judge erred in dismissing the charges against the respondents.

“The court said the prosecution had proved the ingredients of the offence and consequently found the defendants guilty as charged,” EFCC said.


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