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Breaking: Senator
Nwaoboshi Bags 7 Years Imprisonment For Money Laundering, Appeal Court Rules

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Senator Peter Nwaoboshi, the lawmaker representing Delta North Senatorial District in Delta State at the Nigerian Senate, has been sentenced to seven years imprisonment for money laundering, an Appeal Court in Lagos ruled on Friday.

The Court of Appeal also ordered that his 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.

Nigeria’s anti-graft agency, Economic and Financial Crimes Commission (EFCC) challenged the judgement of Justice Chukwujekwu Aneke of a Federal High Court, Lagos, which had earlier cleared the lawmaker of corruption charges.

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

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Part of the money paid to the vendor, precisely a sum of 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.

Details Later…..

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