Supreme Court quashes Senator Nwaoboshi’s conviction over alleged N805m fraud, orders release

and his sentencing to seven years imprisonment for offences of fraud and money laundering.In a judgement on Friday, the Supreme Court also freed the two companies – Golden Touch Construction Project Ltd and Suiming Electrical Ltd – tried with him on a two-count charge brought against them by the Economic and Financial Crimes Commission .

In a split decision of four-to-one, the Supreme Court set aside the July 1, 2022 judgment of the Court of Appeal, Lagos, which reversed their discharge and acquittal by a Federal High Court in Lagos. In a lead judgment by Justice Emmanuel Agim, the apex court held that Nwaobishi and the two companies were unjustly and maliciously prosecuted by the EFCC for committing no offences known to law, who subjected them to needless criminal trial in relation civil transaction.and his companies of illegally acquiring a property named Guinea House on Marine Road, in Apapa, Lagos, for N805 million, property said to belong to the Delta State Govt.

The anti-graft agency had claimed that part of the money paid for the property was transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd, adding the funds are believed to be proceeds of their illicit activities

Source: News Formal (newsformal.com)

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING: Supreme Court quashes Senator Nwaoboshi's conviction on alleged N805m fraudThe Supreme Court has quashed the conviction of Senator Peter Nwaoboshi (Delta North) and his sentencing to seven years imprisonment for offences of fraud
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Supreme Court frees senator jailed for alleged N805 million fraudThe Supreme Court panel voted four against one to acquit former senator Peter Nwaoboboshi of alleged N805 million fraud.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Supreme court nullifies Nwaoboshi's money laundering conviction, orders release from prison | TheCableBREAKING: Supreme court nullifies Nwaoboshi’s money laundering conviction, orders release from prison | TheCable
Source: thecableng - 🏆 2. / 80 Read more »

Delta APC hails Supreme Court for discharging, acquitting Nwaoboshi of EFCC chargesThe All Progressives Congress, APC in Delta State has showered praises on the Supreme Court for discharging and acquitting the immediate past senator
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Supreme Court dismisses suit seeking Delta Gov Oborevwori's sackThe Supreme Court has dismissed an appeal by Ikie Aghwarianovwe, seeking the disqualification of Delta State Governor Sheriff Oborevwori for allegedly
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Supreme Court dismisses disqualification suit against Delta govThe Supreme Court on Friday dismissed an appeal brought before it by Ikie Aghwarianovwe against the Delta State Governor, Sheriff Oborevwori, for lacking in merit.
Source: MobilePunch - 🏆 8. / 63 Read more »