Sponsored
Crime

Delta Senator Remanded In Prison Custody Over N806m Fraud

Sponsored
Sponsored

YAHAYA IBRAHIM 

Mr. Peter Nwaoboshi, a Senator representing Delta North Senatorial district, being led away out of the premises of the Federal High Court in Lagos

 

Justice Mohammed Idris of a Federal High Court in Lagos on Wednesday ordered the prison remand of Mr. Peter Nwaoboshi, a Senator representing Delta North Senatorial district, pending when ruling for his bail application will be heard on Friday.
The People’s Democratic Party(PDP) senator was arraigned before the court on an alleged N806 million fraud.
The Economic and Financial Crimes Commission (EFCC) had arraigned Senator Nwaoboshi alongside his two companies on charges bordering on the said fraud.
The companies are: Golden Touch Construction Projects Limited and Summing Electricals Limited.

According to the EFCC, the senator popularly called Oshimele, committed the offence between May and June 2014.

In the charge, Nwaoboshi and his companies were alleged to have conspired and acquired a property described as Guinea House, Marine Road, Apapa-Lagos for the sum of N806 million. Adding that the sum of N322 million, cut of the purchase price transferred to the vendors by order of Shining Electrical Limited formed parts of the proceed of an unlawful  act.
The offences according to the prosecution led by Salisu  Abubakar, are contrary to committed an offence contrary to sections 15(2)(d) and 18 (a) the Money Laundering (Prohibition) Act, 2011, (as amended) and punishable under section punishable under section 15(3) and 15(2)(d) of the same Act.

However,  the Senator, pleaded not guilty to the charges.
Following his plea of not guilty, his lawyer, Dr. V. J. O.  Azinge (SAN), told the court that they have filed a bail application, and same has been served on the prosecution.

Mr. Abubakar, confirmed being served with the bail application, but told the court that he needed time to respond to the application.

The presiding judge, Justice Idris,  stood down the matter for the prosecution to file and serve its counter to the Senator’s bail application.

Upon resumption for the hearing of the application, and after hearing both parties, the judge, ordered that the Senator be remanded in Ikoyi Prisons till Friday, for ruling on the bail application.

 

Sponsored
Alinnor Arinze

Recent Posts

All Road Leads To Alimosho LG For Ohanaeze Ndigbo General Assembly Meeting

Alimosho Local Government will be the center of attention for Ndigbo in Lagos as the…

6 hours ago

AICL Expands Youth Enterprise Drive, Awards N9.75m To Innovative StartUps Across Three Sectors

The Abuja Investment Company Limited (AICL) has reinforced its commitment to youth entrepreneurship and innovation…

7 hours ago

Guinness Nigeria Announces Strong Q2 Results, Declares Additional ₦7 Interim Dividend Per Share

Guinness Nigeria Plc has announced its unaudited financial results for the quarter ended 30 June…

7 hours ago

Osun 2026: Accord Stakeholders Escalate Showdown With Gov. Adeleke Over Gbenga Hashim

The political crisis brewing within the Accord Party in Osun State deepened on Tuesday as…

7 hours ago

GTCO Announces 16th Annual Autism Conference And Free Consultation

Guaranty Trust Holding Company Plc, GTCO, has announced full plans for its 16th Annual Autism…

8 hours ago

From Hallelujah FC to Benfica: Seimeyeha Janet’s Inspiring Journey to European Football

For every young footballer who laces up a pair of boots in search of a…

10 hours ago
Sponsored