Alleged N322m Fraud: Delta Senator, Nwaobosi, Remanded in Prison

Ladipo Sanusi/

A Federal High Court, in Lagos has ordered the remand of a serving senator, Peter Nwaobosi, in Ikoyi Prisons pending the determination of his bail application.

The Economic and Financial Crimes Commission today arraigned the senator, representing Delta North in the National Assembly, for alleged fraud of N322m.

Justice Mohammed Idris made the remand order after hearing the senator’s bail application. He fixed Friday, April 27, for ruling on the application.

Nwaoboshi was on trial alongside two companies, Golden Touch Construction Projects Limited and Summing Electricals Limited, on two counts of conspiracy and money laundering.

In the charge, the EFCC alleged that the senator committed the offence between May and June 2014.

According to the EFCC, Nwaoboshi and his companies allegedly conspired and acquired a property described as Guinea House, Marine Road, Apapa-Lagos for the sum of N806 million.

The defendants, EFCC further alleged, “reasonably ought to have known that the sum of N322 million out of the purchase price transferred to the vendors by order of Suiming Electricals Limited formed part of the proceed of an unlawful act”.

The EFCC also alleged that the senator’s company, Suiming Electricals Limited, had on or about May 14, 2014, aided him and Golden Touch Construction Project Limited to commit the offence of money laundering.

The offences according to the prosecution led by Salisu Abubakar, are contrary to sections 15(2)(d) and 18 (a) the Money Laundering (Prohibition) Act, 2011, (as amended) and punishable under section punishable under section 15(3) and 15(2)(d) of the same Act.

They all pleaded not guilty to the charges.

0