Court Declares Senator Nwaoboshi Fraudster, Sentence To 7yrs Imprisonment

The Court of Appeal sitting in Lagos, has upturned the verdict of the Federal High Court which discharged and acquitted Senator Peter Nwaoboshi, senator representing Delta North senatorial district at the National Assembly of money laundering and fraud.

The appellate court found merit in the appeal of the EFCC and subsequently convicted and sentenced Senator Peter Nwaoboshi, to seven years imprisonment.

The Court also ordered that his 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.

The court’s ruling followed the success of the appeal filed by the Economic and Financial Crimes Commission, EFCC, challenging the judgment of Justice Chukwujekwu Aneke of a Federal High Court, Lagos,  which on June 18, 2021, discharged and acquitted the defendants of a two count charge of fraud and money laundering.

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EFCC had arraigned the three defendants over the acquisition of a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million.

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.

Justice Chukwujekwu Aneke, while discharging the Senator held that the commission could not prove the elements of the offences for which it charged the lawmaker.



Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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