The Court of Appeal in Lagos has convicted and sentenced Senator Peter Nwaoboshi, representing Delta North Senatorial District, to seven years imprisonment.
The EFCC in a statement via Facebook said the appellate court gave the verdict on Friday, July 1.
Leakblast.com gathers that the court also ordered that the senator’s 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.
“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,” the EFCC said.
But in his judgment, Justice Chukwujekwu Aneke of the Federal High Court held that the EFCC failed to call vital witnesses and tender concrete evidence to prove the elements of the offences for which it charged the defendants.
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