EFCC Rearraigned Delta North Senator, Nwaoboshi Over N332m Fraud

Spread the love


The Economic and Financial Crimes Commission (EFCC) on Friday, rearraigned Senator Delta North Senatorial district, Mr. Peter Nwaoboshi, before a Federal High Court, Lagos, over alleged N332 million fraud.

He was rearraigned alongside his companies, Golden Touch Construction Project Limited and Suiming Electricals Limited, before Justice Chukwujekwu Aneke, on the said allegations.

The defendants rearrangement before the new judge was sequel to the elevation of the former judge, Justice Mohammed Idris, who has been elevated to the Court of Appeal.

They were formerly arraigned before Justice Idris on April 25, this year.

POST RECOMMEND FOR YOU   When I Missed Being A Nigerian Soldier By Robert Okolo

At the resumed hearing of the matter today, after their pleas were retaken, their lawyer, Mr. Emmanuel Kachukwu (SAN), urged the court to allow the Senator to continue with the bail earlier granted him by Justice Idris.

He also urged the judge to order the release of Nwaoboshi’s passport to enable him to travel to Indonesia on October 8 and return on October 19, 2018.

The two request were granted by  Justice Aneke.

The judge however ordered that yhe said the passport should be returned to the Court’s Deputy Chief Registrar (DCR) by October 23.

POST RECOMMEND FOR YOU   Heads May Roll As Nigeria Loses $518mn to Oil Swap Deals

The Judge also adjourned further proceedings in the case till October 25.

The charges against Nwaoboshi and his co-defendants border on conspiracy and money laundering.

The EFCC, in the charges, claimed that Nwaoboshi and Golden Touch Construction Project Limited purchased a property known as Guinea House, Marine Road, Apapa, Lagos for N805m between May and June 2014.

The anti-graft agency claimed that N322m out of the N805m, which Nwaoboshi and the firm paid for the property, was part of proceeds of “an unlawful act, to wit: fraud.”

The EFCC alleged that the N322m was transferred to the vendor of the property on the order of Suiming Electricals Limited.

POST RECOMMEND FOR YOU   Dasuki, Yuguda, Bafarawa Arraigned on Fresh Corruption Charges As Ex-NSA Set To Expose More Beneficiaries

Suiming Electricals Limited was accused of aiding Nwaoboshi and Golden Touch Construction Project Limited to commit money laundering on or about May 14, 2014.

The prosecution said the defendants acted contrary to sections 18(a) and15(2)(d) of the Money Laundering (Prohibition) Act 2011 and are liable to punishment under Section 15(3) of the same Act.

Also Read

Why Freezes Bank Accounts of Suspects – EFCC In recent times, a lot of interest has been generated by the action of the Commission in freezing the accounts of suspects that were investigated or a...
N72m Fraud: Court Fixes Businesswoman, 5 Others... The trial of a businesswoman, Mrs. Chinweze Adaga and five others who were charged before a Federal High Court, Lagos, on alleged N72 million fraud,...
Court Orders Forfeiture of N1.4bn Paris Club Refun... The Federal High Court, Lagos, today, ordered the permanent forfeiture of a total sum of N1, 442, 384, 857.84 billion, found in the bank a...
Alleged N332m Fraud: Court Grants Sen. Nwaoboshi B... Senator Nwaoboshi speaking with his supporters after granted bail by a Federal High Court, Lagos, today. A Federal High Court, toda...
Businessman Docked For Trafficking in 1.06kg of He... A self-acclaimed businessman, Ezeobiakor Humphrey, has been arraigned before a federal High Court, Lagos, for unlawful importation of 1.060 kilogram...

Leave a Reply

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