Law

Sen Nwaoboshi, Denies Money Laundry Charges, Freed On Bail

👤 By Danjuma Aliyu

Peter Nwaoboshi, the member of representative for Delta North Senatorial District has been released from police custody. 

Sen Nwaoboshi, was charged on an allegation of “money laundering and fraud to the tune of N805million,” by the Economic and Financial Crimes, EFCC.

He was charged alongside two companies namely : Golden Touch Construction Project Limited and Suiming Electrical Limited.

One of the counts reads: “That you, Peter Nwaoboshi and Golden Touch Construction Projects Limited, between May and June, 2014, within the jurisdiction of this honourable court, did acquire a property described as Guinea House, Marine Road, Apala, Lagos, for the sum of N805million, when you reasonably ought to have known that the sum of N322 million out of the purchase price transferred to the vendors by order of Suinming Electricals Limited formed part of the proceeds of an unlawful activity of fraud and you thereby committed an offence contrary to Section 15(2) (d) of the Money Laundering Prohibition Act of 2011(as amended) and punishable under Section (15)(3) of the same Act.”

Bail 

The lawmaker, who was arraigned on April 25, 2018, denied the charges. He was granted bail on self-recognizance and the basis that he provides two sureties with N50m bond each, within the next 72 hours.

Justice Muhammed Idris of the Federal High Court sitting in Ikoyi, Lagos also demanded that the defendant deposits his passport with the court.

The case has been adjourned to June 7, 13, and 20, 2018.

War Against Corruption

There is an urgent drive to indict a politically exposed person for corruption, this paper has been informed.

EFCC sources told DENISAURUS News that the President’s meeting with the Chief Justice Walter Onnoghen last week, was to make a request for judges to accelerate the delivery of judgement on corruption cases.

READ ALSO : Nigerian President Holds Meeting With Chief Justice

President Muhammadu Buhari, 75, was elected on the promise to kill corruption. But, since 2015, no politically exposed person’s have been convicted.

Instead of fighting graft as promised, the President has been accused of using Ibrahim Mustafa Magu, a man indicted for corruption, to fight members of the opposition party.

READ ALSONigeria “Completely Shut Down” From Accessing Financial Intelligence From Around The World Due To Sabotage By Magu Of EFCC (WORLD EXCLUSIVE)

Mr Magu, whose nomination as the fourth chairman of the EFCC was rejected by the National Assembly, is described as a perennial offender that can never change.

The Borno “corrupt” police officer, who was recently promoted as Commissioner – a report that was exclusively published on DENISAURUS News on March 25, is seen as a “liability to the corruption fight.”

Despite the indicting report by the Department of State Security Services, DSS, Mr Magu remained in office with the support of the Vice President, Professor Yemi Osinbajo.

Nigeria’s president recently announced plans to seek a second term in office. President Buhari, is hoping to campaign on the achievements made in the fight against corruption.

Categories: Law

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