Sen. Peter Nwaoboshi has been Cleared Of N322million Money Laundering Charge.
A judge at the Federal High Court in Lagos – Justice Chukwujekwu Aneke dismissed the N322million money laundering charge filed against Senator Peter Nwaoboshi, by the Economic and Financial Crimes Commission (EFCC).
The judge in a ruling delivered yesterday June 18, said that the case was dismissed since the EFCC failed to prove the elements of the offences for which it charged the lawmaker and inability to get bank officials to testify.
The judge also discharged two companies belonging to Sen Nwaoboshi – Golden Touch Construction Project Ltd and Suiming Electrical Ltd – in the same capacity.
Nwaoboshi who represents Delta North Senatorial district, and his companies, were arraigned before Justice Mohammed Idris who was later promoted to the Court of Appeal in 2018.
They were then re-arraigned before Justice Aneke on October 5, 2018. In the two-count charge marked FHC/L/117C/18., the EFCC alleged that the defendants committed the offence between May and June 2014, in Lagos.
Nwaoboshi was said to have Allegedly 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.