Court throws out EFCC’s N322m money laundering case against Nwaoboshi

Justice Chukwujekwu Aneke, sitting at the Federal High Court in Lagos has discharged Senator Peter Nwaoboshi of the N322 million money laundering charge filed against him by the Economic and Financial Crimes Commission (EFCC). The Court held that the agency failed to prove the elements of the offences for which it charged the lawmaker. Community […]

Justice Chukwujekwu Aneke, sitting at the Federal High Court in Lagos has discharged Senator Peter Nwaoboshi of the N322 million money laundering charge filed against him by the Economic and Financial Crimes Commission (EFCC).

The Court held that the agency failed to prove the elements of the offences for which it charged the lawmaker.

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Justice Aneke further held, that the prosecution’s case collapsed because “bank officials were not called to testify.”

Nwaoboshi, a Peoples’ Democratic Party (PDP) chieftain, represents Delta North in the upper chamber.

The judge also discharged Nwaoboshi’s two firms – Golden Touch Construction Project Ltd and Suiming Electrical Ltd – on the same ground.

The EFCC alleged that the defendants committed the offence between May and June 2014, in Lagos.

Nwaoboshi was said to have acquired a property described as Guinea House, Marine Road, in Apapa Lagos, for the sum of N805m.

The prosecution said he reasonably ought to have known that N322m 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.

The defendants were arraigned in 2018 before Justice Mohammed Idris who was later elevated to the Court of Appeal.

They were then re-arraigned before Justice Aneke on October 5, 2018.