News

Olisa Metuh Jailed 7 Years for Fraud

Pat Stevens/

A Federal High Court in Abuja has sentenced former spokesman of the Peoples Democratic Party (PDP), Olisa Metuh to seven years imprisonment concurrently on seven count charges preferred against him by the Economic and Financial Crimes Commission.

Delivering judgment in the charges of N400 million money laundering against Metuh, Justice Okon Abang ordered Metuh to pay the sum of N366 million to the federal government.

He also ordered Metuh’s company, Destra Investment Limited, to pay a fine of N25 million.

He equally ordered the company to be wound up.

“From the facts placed before me and I have reviewed, convict planted thorns and cannot expect to gather flowers,” he said.

The judge said Metuh was too proud and refused to settle the case with EFCC even when confronted with the N50 million he transfered to his wife, which ought to have made him sober and remorseful.

Justice Abang had earlier convicted Metuh and his company, Destra Investment Ltd on the seven-count charges filed by the EFCC against him over the receipt of N400m from former National Security Adviser (NSA), Col. Sambo Dasuki (rtd).

0
Editor

Recent Posts

Are The Grammys Relevant Outside the United States?

Building Credibility For nearly eight decades, the Grammy Awards have stood as the pinnacle of…

1 day ago

Disputed 5.3bn Shares: Court Adjourns Barbican/FBN Holdings Suit as Ecobank’s Recusal Motion Remains Pending

Justice Ayokunle Faji has adjourned further proceedings in the suit filed by Barbican Capital Limited…

3 days ago

Los Angeles Protects Undocumented Immigrants from Trump’s Deportation Plans with Sanctuary Ordinance

Segun Atanda/ The Los Angeles City Council has approved a sweeping "sanctuary city" ordinance designed…

3 days ago

Trump Could Face Prison After Second Term, Prosecutors Say

Segun Atanda/ New York prosecutors have opposed dismissing President-elect Donald Trump’s conviction for falsifying business…

3 days ago

MC Oluomo Flouts Court Order, Assumes Office as NURTW President

Femi Ashekun/ In a bold and controversial move, Musiliu ‘MC Oluomo’ Akinsanya, has defied a…

3 days ago

Tinubu Sacks Nnamdi Azikiwe University VC, Registrar … Dissolves Council

Matilda Omonaiye/ President Bola Ahmed Tinubu has dissolved the Governing Council of Nnamdi Azikiwe University,…

3 days ago