Nigerian Serving Senator Sentenced To Prison
Senator Peter Nwaoboshi, who represents Delta North Senatorial District in the National Assembly, has been sentenced to seven years in prison.
The Lagos Division of the Court of Appeal sentenced Nwaoboshi to jail on Friday.
The Court also ordered that his two companies be liquidated in accordance with Section 22 of the Money Laundering Prohibition Act 2021.
Anti Graft Agency, EFCC had arraigned the three defendants over the acquisition of a property named Guinea House, Marine Road, in Apapa, Lagos, for N805million. Part of the money paid to the vendor, precisely a sum of N322 million transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd, was alleged to be part of proceeds of fraud.
But in his judgment, Justice Aneke held that the prosecution failed to call vital witnesses and tender concrete evidence to prove the elements of the offences for which it charged the defendants.
Justice Aneke said the evidence of PW2 “proved that the third defendant obtained a loan of N1.2 billion from Zenith Bank for purchase of additional equipment and as provision of working capital.
“It also proved that the loan of N1.2 billion together with interest of N24 million was properly granted to the third. Nothing else was proved by the complainant or prosecutor in this case,” the judge had said.
He claimed a fatal blow was dealt the case of the prosecution by its failure to call officials of Sterling Bank “to testify and probably tender exhibits F and F10”.
Consequently, he discharged and acquitted the defendants.
Nwaoboshi is a serving senator in the 9th Assembly of Nigeria.