Nigerian senator jailed seven years for money laundering

A Nigerian senator, Peter Nwaoboshi, has been sentenced to seven years in prison by the Lagos Division of the Court of Appeal.

The senator, who represents Delta North senatorial district, was convicted on a two-count charge of fraud and money laundering.

The court also ordered that his two companies, Golden Touch Construction Project Limited and Suiming Electrical Limited, be wound up in line with Section 22 of the Money Laundering Prohibition Act 2021.

The spokesperson of Nigeria’s antigraft agency, EFCC, Wilson Uwujaren, made this known in a statement on Friday.

The statement was also posted on the agency’s official Twitter handle.

Mr Nwaoboshi has, in the past few years, been enmeshed in several allegations of fraud and misappropriation of funds.

In 2021, he was accused by the Niger Delta Development Commission (NDDC) of using 11 companies as fronts to secure for himself a N3.6 billion contract in the commission. The contract was not executed and the money was not refunded.

The past NDDC spokesperson, Charles Odili, had said the contract was the “biggest single case of looting of the Commission’s resources.”

Charges and Nwaoboshi’s defection

In 2018, the lawmaker and his two companies were arraigned before a Lagos Division of the Federal High Court over N322 million fraud and money laundering charges.

The EFCC in suit number FHC/L/117C/18 arraigned the three defendants for acquiring a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million. The agency said that N322 million of the money was part of the proceeds of fraud.

While the trial was ongoing, Mr Nwaoboshi defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

ALSO READ: Fani-Kayode’s money laundering trial stalled

Barely 24 hours after President Muhammadu Buhari welcomed him to the APC, the senator and his companies were discharged and acquitted by Justice Chukwujekwu Aneke and the charges were dismissed – in June 2021.

The judge ruled that the EFCC could not prove the charges filed against the lawmaker.

New ruling and conviction

The EFCC appealed the high court’s ruling and was successful at the appellate court, leading to the sentencing of the lawmaker.

According to the EFCC spokesperson Wilson Uwujuren, the Court of Appeal held that the trial judge erred in dismissing the charges against the respondents.

“It said the prosecution had proved the ingredients of the offence and consequently found the defendants guilty as charged.”

Mr Nwaoboshi is among the over 50 senators seeking another term in the parliament. He won the APC ticket to contest again in the coming election.