The Court of Appeals sentenced Senator Nwaoboshi to seven years’ imprisonment for money laundering. OLASMEDIA TV NEWSThis is what we have for you today:
On July 1, 2022, the Lagos Division of the Court of Appeals became Senator Peter Nuwaoboshi, who represents the Delta North Senatorial District in Parliament, for seven years with two companies, Golden Touch Construction Project Limited and Swimming Electrical Limited. I was sentenced to imprisonment.
According to a statement from the Court of Appeals issued by the EFCC, the companies that were the second and third respondents to the appeal were in line with Article 22 of the 2011 Money Laundering Act (Amendment) and its assets. It will be settled. Confiscated by the Federal Government of Nigeria.
The panel, consisting of the judgments of Bay Justice Abdullah Hiero, Ovande Ogbunya, and Peter Afen, made a mistake in the court as the prosecution proved the proceeding to the respondents beyond reasonable doubt. I decided.
The Economic and Financial Crimes Commission dismissed the defendant on June 18, 2021 for two charges, fraud and money laundering, and challenged Judge Chukwujekwu Aneke’s acquittal in the Federal High Court.
The EFCC has charged three defendants with the acquisition of a property named Guinea House on Marine Road in Apapa, Lagos, for 805 million Newtons. A portion of the amount paid to the vendor, to be exact, a total of 322 million N sent by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd, was claimed to be part of the fraudulent revenue.
However, in his judgment, Judge Aneke was unable to summon important witnesses and concrete evidence of the bid to prove the element of the crime in which the prosecution charged the defendant.
Judge Aneke said PW2’s evidence “provided that the third defendant received a 1.2 billion N loan from Zenith Bank to purchase additional equipment and provide working capital.”
“It also proved that the loan of 1.2 billion N and the interest of 24 million N were properly granted in the third place. In this case, the plaintiff or the prosecutor did not provide anything else,” the judge said. Said.
I argued that the prosecution’s failure to “testify and possibly bid for Exhibits F and F10” to Sterling Bank officials was devastating. As a result, I dismissed the defendant and acquitted him.
However, the EFCC’s appeal decision today found that the Court of Appeals made a mistake by the judge by dismissing the indictment against the defendant. The prosecution proved the crime and said the accused was found guilty of being charged.