The Lagos Division of the Court of Appeal on Friday sentenced Senator Peter Nwaoboshi, representing Delta North Senatorial District, to 7 years imprisonment for money laundering.
The appellate court convicted him alongside his two companies: Golden Touch Construction Project Ltd and Suiming Electrical Ltd.
Following the convictions, the appeal court held that his companies be wound up and its properties forfeited to the Federal Government.
The EFCC statement on the judgement partly reads:
“The panel, comprising Justices Abdullahi Bayero, Obande Ogbuniya and Peter Affen in their judgment held that the trial court erred because the prosecution proved its case beyond reasonable doubt against the respondents and thus reverse the earlier judgement discharging and acquitting the respondents.
“The Economic and Financial Crimes Commission had challenged the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021 discharged and acquitted the defendants of a two count charge of fraud and money laundering.
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