Home Business Court acquits PDP Senator, Nwaoboshi of N322m fraud charge by EFCC

Court acquits PDP Senator, Nwaoboshi of N322m fraud charge by EFCC

by Meso Ejiofor
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The Lagos State Federal High Court, Ikoyi, has acquitted Senator Peter Nwaoboshi of the N322m money laundering charge filed against him by the Economic and Financial Crimes Commission, Oyogist.com reports.

In the two-count charge marked FHC/L/117C/18, the EFCC alleged that the defendants committed the offence of money laundering between May and June 2014, in Lagos.

However, Justice Chukwujekwu Aneke, the judge who presided over the case, held that the agency failed to prove the elements of the offences for which it charged the lawmaker.

The defendants were arraigned in 2018 before Justice Mohammed Idris who was later elevated to the Court of Appeal. They were then re-arraigned before Justice Aneke on October 5, 2018.

Aneke also discharged Nwaoboshi’s two companies – Golden Touch Construction Project Ltd and Suiming Electrical Ltd – on the same ground.

He held, among others, that the prosecution’s case collapsed because “bank officials were not called to testify.

Nwaoboshi, a Peoples’ Democratic Party (PDP) chieftain, represents Delta North in the upper chamber was said to have acquired a property described as Guinea House, Marine Road, in Apapa Lagos, for the sum of N805million.

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