Sponsored
Judiciary

FG Appeals Acquittal of Former NHIS Boss In $2.2m Money Laundering Case

Sponsored
Sponsored

The Federal Government has appealed the judgment of the Federal High Court that acquitted former Executive Secretary of the National Health Insurance Scheme (NHIS), Dr. Femi Thomas, of multiple counts of money laundering.

In a judgement delivered on July 24, 2014, Justice Ayokunle Faji discharged and acquitted Thomas on five of the six counts filed by the Economic and Financial Crimes Commission (EFCC), holding that the agency failed to prove its case beyond a reasonable doubt.

However, the court convicted Thomas on one count of breaching Nigeria’s cash transaction limit law and sentenced him to pay a fine of N10 million in lieu of imprisonment.

Justice Faji also ordered that the $2.2 million seized by the EFCC be returned to Thomas within 14 days upon payment of the fine.

Dissatisfied with the verdict, the EFCC, through a notice of appeal filed by E.E. Iheanacho (SAN) and a team of lawyers, urged the appellate court to set aside the acquittals.

The agency is seeking Thomas’ conviction on counts 1, 2, 3, 4, and 7 of the amended charge, as well as the forfeiture of the $2,198,000 (about N433 million) recovered from him to the Federal Government.

In its grounds of appeal, the EFCC argued that the trial court relied on “imaginary and fanciful doubts” to absolve Thomas despite what it described as clear evidence of unlawful enrichment.

It maintained that Thomas failed to satisfactorily explain the significant increase in his assets while serving as a public officer, as required under Section 140 of the Evidence Act 2011, Section 19(5) of the EFCC Act, and Section 82 of the Lagos State Criminal Law 2011.

The agency also faulted the court for dismissing the adequacy of its investigations and rejecting documentary evidence, including audited financial statements, which it said contradicted Thomas’ explanations.

According to the EFCC, Safeline Agro Business Ltd, allegedly owned by Thomas, declared a pre-tax profit of only N3.9 million in 2014 but purportedly generated $2.2 million the same year—an explanation it described as “unreasonable and unsatisfactory.”

It further argued that the lower court wrongly “picked and chose” between inconsistent pieces of evidence from Thomas instead of rejecting them and accepting the prosecution’s case.

The EFCC also contended that the court failed to attach proper weight to Thomas’ asset declaration forms (Exhibits G1–G12) submitted to the Code of Conduct Bureau, which it said undermined

Sponsored
Funsho Arogundade

Recent Posts

Democracy Day: Ooni Urges Federal Govt To Intensify Fight Against Insecurity, Calls For Patience, Unity Among Nigerians

  The Permanent Chairman of the Southern Nigerian Traditional Rulers Council (SNTRC), Arole Oodua Olofin…

4 hours ago

Geneith Health Leaders Celebrate Democracy Day, Applaud Nigerians For Embracing Anti-Malaria Movement

As Nigeria commemorated Democracy Day, the leadership of the Geneith Health Competition (GHC) joined millions…

4 hours ago

National Awards: Obasa Congratulates Alake, Omatseye, Otitoju, Other Media Professionals

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has congratulated some…

8 hours ago

Democracy Day: Princess Folashade Olabanji-Oba Rallies Nigerians Especially Women To Make Polling Units ‘Beacons Of Hope’ Ahead Of 2027

As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…

10 hours ago

Ikeja LG Boss, Comrade Dauda Greets Nigerians On Democracy Day

OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…

11 hours ago

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

12 hours ago
Sponsored