The Supreme Court overturned Senator Peter Nwaoboshi’s conviction on counts of fraud and money laundering and ordered his immediate release from the Ikoyi Correctional Centre in Lagos.

The senator, who served as Delta North’s representative in the Ninth Assembly, has been in bars since last year, when the Court of Appeal declared him guilty of fraud and money laundering charges and handed him a seven-year term.

Four out of the five members of the panel that heard Nwaoboshi’s appeal against the decision of the appellate court freed him.

Two businesses that were tried alongside him on a two-count charge, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, were also released.

While a Federal High Court in Lagos had cleared him of the charges brought by the Economic and Financial Crimes Commission (EFCC), the Court of Appeal had ruled him guilty and sentenced him to jail in a decision rendered on July 1.

However, the Supreme Court ruled in the majority opinion written by Justice Emmanuel Agim that Nwaoboshi and the two companies were wrongfully and maliciously prosecuted by the EFCC for failing to conduct any crimes that were known to the law, and that the EFCC had put them through an unnecessary criminal trial in connection with a civil transaction.

The EFCC had accused Nwaoboshi and his businesses of buying Guinea House on Marine Road in Apapa, Lagos, illegally for N805 million. According to reports, the property is owned by the Delta State Government.

According to the anti-graft agency, Suiming Electrical Ltd sent money on behalf of Nwaoboshi and Golden Touch Construction Project Ltd as part of the purchase price of the property, and the money was thought to be the results of their illegal actions.

 

See THISDAY report https://www.thisdaylive.com/index.php/2023/07/08/s-court-voids-senator-nwaoboshis-conviction-for-alleged-n805m-fraud

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