Senator Nwaoboshi Cleared of N322 Million Money Laundering Charge

A Federal High Court in Lagos has just cleared Senator Peter Nwaoboshi of a N322 Million Money Laundering Charge filed against him by the Economic and Financial Crimes Commission (EFCC).

The Honourable Justice held that the prosecution failed to prove the elements of the offence in the said charge filed against the PDP chieftain representing Delta North in the upperr chamber.

The judge, Honourable Justice Chukwujekwu Aneke, also discharged the two firms of Senator Peter Nwaoboshi – Golden Touch Construction Project Ltd and Suiming Electrical Ltd – on the same ground.

In a two-count charge marked FHC/L/117C/18, the Economic and Financial Crimes Commission alleged that the Senator acquired a property described as Guinea House, Marine Road, in Apapa Lagos, for the sum of N805million.

The prosecution said he reasonably ought to have known that N322million out of the purchase sum formed part of proceeds of an unlawful act.

The sum was said to have been transferred to the vendors by order of Suiming Electrical Ltd. Suiming Electrical was alleged to have on May 14, 2014, aided Nwaoboshi and Golden Touch to commit money laundering.

However, the Honourable Justice held that the prosecution’s case failed because the bank officials were not called to testify.

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