back to top
No menu items!
26.7 C
Lagos
Wednesday, May 29, 2024

N805m Scam: Senator Nwaoboshi Rearrested, Jailed

Must read

The senator representing Delta North in the National Assembly, Peter Nwaoboshi, who has been on the run months after the Court of Appeal, Lagos Division convicted and sentenced him to seven years imprisonment for money laundering, is finally in prison custody.

The lawmaker, who was intercepted by operatives of the Economic and Financial Crimes Commission, at a Hospital in Lagos on Monday, February 6, was remanded in Ikoyi Custodial Centre on Wednesday, February 8, 2023, to commence his prison term.

READ ALSO: Naira Scarcity: Why Protesters Blocked CBN Office In Edo

The EFCC disclosed this in a statement on its website on Wednesday.

KOKO TV reports that the Court of Appeal had in a judgement delivered on July 1, 2022, sentenced Nwaoboshi to prison after it convicted him of a two-count of money laundering and also ordered the winding up of his two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, in line with the provision of Section 22 of the Money Laundering Prohibition Act 2021, and their properties forfeited to the Federal Government.

But the lawmaker who was not present in court at the time of the ruling went underground and refused to present himself to the Nigerian Correctional Service.

READ ALSO: New Naira: IMF Advises CBN To Extend Deadline

Instead, he proceeded to the Supreme Court, praying the apex court to not only set it aside the judgment of the appeal court but grant him bail, pending the determination of his appeal.

Trending video of the day;

Photo Credit: Getty 

- Advertisement -spot_img

More articles

Leave a Reply

- Advertisement -spot_img

Latest article