UPDATES: Court Finds Olisa Metuh Guilty Of Money Laundering, Four Other Charges In N400m Fraud Case

UPDATES: Court Finds Olisa Metuh Guilty Of Money Laundering, Four Other Charges In N400m Fraud Case

2/25/2020

LIVE UPDATES: Court Finds Olisa Metuh Guilty Of Money Laundering, Three Other Charges In N400m Fraud Case “I agree with the prosecution that Metuh’s claims are tissues of lies... I find the first and second defendants guilty on count 4.'

UPDATES: Court Finds Olisa Metuh Guilty Of Money Laundering, Four Other Charges In N400m Fraud Case

Channels Television Updated February 25, 2020 Former PDP spokesman, Mr Olisa Metuh, at the Federal High Court in Abuja on February 25, 2020. Channels TV/ Sodiq Adelakun. The Federal High Court in Abuja has found Mr Olisa Metuh guilty of money laundering in the sum of N400 million. The trial judge, Justice Okon Abang, found the former National Publicity Secretary of the Peoples Democratic Party (PDP) guilty on Tuesday while delivering judgement in the suit instituted against him by the Economic and Financial Crimes Commission (EFCC). The anti-graft agency charged Metuh, who is standing trial alongside his company, Destra investment, with seven counts bordering on criminal diversion of the money received from the office of the former National Security Adviser (NSA), Colonel Sambo Dasuki (rtd). Delivering judgement in the case, Justice Abang convicted the former PDP spokesman of count one of the charges. “It is my view that Metuh took possession of the N400 million from the office of the NSA without contractual agreement; he is guilty of money laundering and is hereby convicted on count one.” Shortly after he was convicted, the trial judged suspended reading the judgment to allow the former PDP spokesman use the gents. Upon his return to the courtroom, Justice Abang proceeded with his judgement on the second count of the charges which bordered on the criminal conversion of N400 million. According to him, the evidence before him shows that the money was used to fund activities of the PDP. The judge added that Metuh also used the money to acquire a property at Banana Island in Lagos. He explained that this was contrary to the e-payment mandate which stated that the money was meant for security services, whereas Dextra Investment was not a registered security outfit. Justice Abang insisted that the evidence pointed to the fact that the money was deliberately laundered to brighten the chances of the PDP during the general elections in 2015. He added that Metuh failed to explain the transfer of N50 million from the N400 million to the joint account of himself and his wife “It is, therefore, manifestly clear that the defendant converted the money for PDP campaign activities and I find him guilty and is hereby convicted accordingly,” the judge declared. On count three which bordered on concealment of funds, Justice Abang says the e-payment mandate showed that the money was released for security services but was concealed and used for PDP campaign activities and personal use. “I hereby find him guilty and convicted on count 3,” he ruled. The trial judge also delivered judgment on count 4 which was the allegation of illegal disbursement of funds. He said the Prosecution placed credible evidence before the court which showed some of the unlawful acts of Colonel Sambo Dasuki as the NSA while in office. Justice Abang held, “The first defendant was desirous of repositioning the PDP and he deployed the funds for that purpose and personal use.” He noted that the meeting wherein former President Jonathan allegedly authorised the payment was tagged a ‘security meeting’. But the judge wondered why only the former NSA and top officials of the PDP attended the meeting, yet Metuh claimed the money was disbursed for special national assignment. But the judge wondered why only the former NSA and top officials of the PDP attended the meeting, yet Metuh claimed the money was disbursed for special national assignment, stressing that the first defendant was not a witness of truth. He said, “I agree with the prosecution that Metuh’s claims are tissues of lies hurriedly put in place to divert the attention of the court from prying into the disbursement of the N400 million received from the office of the NSA through an under the table agreement. “It is a case of public funds filtering into private hands for selfish reasons.” Justice Abang, therefore, held that the N400 million was never released for a special national assignment based on the evidence before him. “Therefore, I find the first and second defendants guilty on count 4,” he ruled. Justice Abang, therefore, held that the N400 million was never released for a special national assignment based on the evidence before him. He then proceeded to give judgement on count 7 – transfer of funds to a PDP chieftain, saying he would come back to counts 5 and 6. On the seventh count of the charges, the trial judge held that the transfer of N27.7 million to Mr Anthony Anenih for a special national assignment directly represented the illicit nature of the fund. “I have again considered the position of the prosecution and found that the prosecution proved the transfer of N27.7 million to Chief Anthony Anenih, and I hereby find the first and second defendants guilty on count 7 and are hereby convicted,” he ruled. More to follow… Read more: Channels Television

Irrespective of the party u belong to, Anyone found guilty of money laundering should face prosecution with immediate effect 🤨 Following the discussion here one sees how divided this country has become. A classical case of my thief is better than your thief. Hmmmmmmmmmmmm. Remind me again why we have one Nigeria?

I just hope the money is still intact, I recall he had wanted to do a Plea Bargain before his lawyers convinced him otherwise. It will be very foolish of him, if he has expended part or whole of the monies in question on his legal team. This is nice. I am for everyone who has plundered Nigeria's wealth, to be punished. Same for those who helped do it. When proven beyond reasonable doubt.

🤔Besides this earthly judgements on all heartless Personalities that spent money meant to fight insurgency!God's hot judgement is waiting for them,their families and supporters of this dastard acts! Souls of falling Soldiers&tears of falling Victims will hunt them to the grave! My brother don't mind them there ranting can't change the fact that he is on his way to kuje

After Buhari's rule, may we also find people who will probe APC 's 2015 and 2019 elections. Both of them laundered money together . What of the bullion van in tinubu house ? Thieves that what they all are,I would have prefers PDP wins and retain power rather than this unfortunate governement one of Jonathan's henchmen

Good one. However this corruption cases are taking to long, the courts need to expedite cases so as to serve as deterrent to others Alright, He should Go Down. But What about those In the other Political Party, a lot of Contracts Are not executed by the supposed person/politician in charge.

BREAKING: Court Finds Olisa Metuh Guilty Of Laundering N400mBREAKING: Court Finds Olisa Metuh Guilty Of Laundering N400m yeee🥶🥶🥶 baba go die for kpanti oh Chai,olisa metuh don go prison ooooo. Okon Abang had been an arch enemy of Metuh since their days in the Law School,he will get justice in Appeal Court

Wow. 1 down more to go Gasua prison straight; thank God another yam eaters is down If we continue like this, this country will never move to anywhere not to talk of moving forward. God bless The Federal Republic of Nigeria. I am tired of this country ooo, the way people reasoning at times, someone did something wrong and we are saying what of this person, what of that person. Pls name the person you know and come up with your evidences against him/her and let the court of law try same.

On point. It's a mockery for lawyers to file application for judicial reviews of every case decided in Supreme court. Na person wey dem catch be thief.. For weti Justice Abang had been an arch enemy of Chief Olisa Metu since their days in the Law School,the verdict is not far fetched, he will get Justice in the Appeal Court

Stupid judge, APC and PDP spent billions to win the election, APC spent more again in 2019, who's on trial? Can't be setting different standards for the same men in a contest He should go to jail!!!!

BREAKING: Court Finds Olisa Metuh Guilty Of Count One In N400m Fraud | Sahara Reporterswhat of others that are still walking freely that has embezzled more than he? We are just deceiving our self. that's proceedings what is the final verdict? Before nko... He no fit win when especially na the person wey them say you thief naim still come dey pass your judgment... Sorry Sir

'Democracy in danger'

BREAKING: N400m Fraud: Court finds Olisa Metuh guilty - Daily Post NigeriaAn Abuja Federal High Court, has found Olisa Metuh, former National Publicity Secretary of the Peoples Democratic Party, PDP, guilty of some of the

BREAKING: Court convicts Olisa Metuh over N400m – Daily TrustA Federal High Court in Abuja has convicted former Peoples Democratic Party (PDP) spokesman, Olisa Metuh for receiving N400m from former NSA, retired Col. Sambo Dasuki. Justice Okon Abang on Tuesday held that Metuh could not prove that the money was approved by former President Goodluck Jonathan for the 2015 general elections. He added that … Demikiwala militaryblower I'm glad to hear this. How many years is he serving for this one. That's what I want to know Finally

BREAKING: Court convicts Olisa MetuhThe Federal High Court in Abuja has found a former spokesperson of the Peoples Democratic Party (PDP), Olisa Metuh, and his company, Destra Investment Ltd, guilty of illegally receiving public funds.

BREAKING: Court finds Metuh, firm guilty of first count in N400m fraud trialIs he going to jail Na only you swallow 400mil? Going...going.... and soon to be gone to jail. I hope the jail term will be commensurate with the offence?



Electricity tariff to increase on Wednesday

FG reduces petrol price to N123.5 per litre

COVID-19: We’re suspending services for now – Sex workers

COVID-19: FG Commences N20,000 Conditional Cash Transfer To Poor Households

Troops kill Boko Haram leader, Usamah, others in Borno

LIVE BLOG: Nigerians reel on #lockdowncovid19 Day 1 – Daily Trust

NAFDAC orders emergency chloroquine production

Write Comment

Thank you for your comment.
Please try again later.

Latest News

News

25 February 2020, Tuesday News

Previous news

China Sentences Swedish Bookseller To 10 Years In Prison

Next news

Touching moment Beyonce is seen comforting Vanessa Bryant as she cried at Kobe and Gigi's memorial
BREAKING: Six-week-old baby dies of coronavirus COVID-19: We’ve tested over 2,000 people, says health minister BREAKING: Nigeria records 23 new cases of COVID-19, total now 174 Anthony Joshua loses close friends to coronavirus Coronavirus cases top 900,000 worldwide Kaduna shuts school over nine-year-old pupil’s defilement ‘Makinde didn’t contract COVID-19 at Ibadan PDP rally’ COVID-19: Presidency replies Soyinka, urges Nigerians to trust scientists not fiction writers – Daily Trust Time to take COVID-19 screening to communities -Physician - Healthwise Nigerian govt pays N20,000 to 5,000 Abuja households -- Minister COVID-19: Nigeria records new 23 cases, total now 174 – Daily Trust COVID-19: Ondo shuts boundaries, declares 3-day fasting – Daily Trust
Electricity tariff to increase on Wednesday FG reduces petrol price to N123.5 per litre COVID-19: We’re suspending services for now – Sex workers COVID-19: FG Commences N20,000 Conditional Cash Transfer To Poor Households Troops kill Boko Haram leader, Usamah, others in Borno LIVE BLOG: Nigerians reel on #lockdowncovid19 Day 1 – Daily Trust NAFDAC orders emergency chloroquine production Happy 'triple': Nasarawa councillor marries 2 brides same day – Daily Trust COVID-19: Give Nigerians One-Month Free Subscription, Keyamo Tells DSTV, Others COVID-19: I’m not aware of Kyari’s location in Lagos – Health commissioner Why we embarked on strike during coronavirus crisis – ASUU Nigerian student dies of coronavirus weeks before graduation