Kanyi Daily NewsKanyi Daily NewsKanyi Daily News
  • Home
  • News
    • Politics
    • Crime
    • Sports
    • Nigerian News
    • Photospeaks
      • Instagrammers
      • Twitteratti
    • Videos
  • Entertainment
    • Celebrities
    • Interviews
    • Events
    • Magazine Covers
    • Reality TV
    • Spotlight
  • Kanyi TV
  • Lifestyle
    • Fashion
      • Fashion For Women
      • Fashion For Men
      • Who Wore It Better
      • Fashion We Like
      • Love Or Hate It
      • Style By
      • Style Star
    • Travel
    • Tech & Gadgets
    • Beauty
      • Makeup
      • Beauty Tips
      • Nails
    • Tips Tuesday / Life Hacks
  • Business
  • Career
    • Girl Boss
    • Man Inspiration
    • Wonder Woman Wednesday
    • Man On A Mission Monday
    • Career Tips
    • Business
    • Money & Finance Tips
    • Jobs
  • MORE
    • Health
    • Education
    • Humanity
    • Relationship
    • Couples In Love
    • Dating
Reading: Court Sentences Senator Peter Nwaoboshi To 7 Years In Prison For Money Laundering
Font ResizerAa
Font ResizerAa
Kanyi Daily NewsKanyi Daily News
  • Home
  • News
  • Celebs
  • Business
  • Crime
Search
  • Home
  • News
    • Politics
    • Crime
    • Sports
    • Nigerian News
    • Photospeaks
    • Videos
  • Entertainment
    • Celebrities
    • Interviews
    • Events
    • Magazine Covers
    • Reality TV
    • Spotlight
  • Kanyi TV
  • Lifestyle
    • Fashion
    • Travel
    • Tech & Gadgets
    • Beauty
    • Tips Tuesday / Life Hacks
  • Business
  • Career
    • Girl Boss
    • Man Inspiration
    • Wonder Woman Wednesday
    • Man On A Mission Monday
    • Career Tips
    • Business
    • Money & Finance Tips
    • Jobs
  • MORE
    • Health
    • Education
    • Humanity
    • Relationship
    • Couples In Love
    • Dating
Follow US
© 2025 Kanyi Media.
News

Court Sentences Senator Peter Nwaoboshi To 7 Years In Prison For Money Laundering

Tobias Sylvester
By Tobias Sylvester
Published: July 1, 2022
SHARE

The Court of Appeal in Lagos has sentenced the lawmaker representing Delta North Senatorial District at the National Assembly, Senator Peter Nwaoboshi to seven years imprisonment.

Court Sentences Senator Peter Nwaoboshi To 7 Years In Prison For Money Laundering

Peter Nwaoboshi Jailed

The court ordered that his two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, be wound up in line with the provisions of Section 22 of the Money Laundering Prohibition Act 2021.

The Appellate Court’s ruling followed the success of the appeal by challenging the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021 2018 discharged and acquitted the defendants of a two count charge of fraud and money laundering.

EFCC had arraigned the three defendants over the acquisition of a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million.

READ:  Nothing Good Comes Easy, I Believe I Will Get Justice At Supreme Court - Atiku

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 the 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 the 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 said.

READ:  Nigeria Will Give 'Rebels, Arsonists And Criminals' In South-East Another War - Northern Senator

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.

Ruling on the EFCC’s appeal today, the Court of Appeal held that the trial judge erred in dismissing the charges against the respondents. It said the prosecution had proved the ingredients of the offence and consequently found the defendants guilty as charged.

KanyiDaily had also reported how the court sentenced two men to life imprisonment for kidnapping Mrs Asime Sekibo, who is the wife of Senator George Thompson-Sekibo, the lawmaker representing the Rivers East Senatorial District in the Senate.

READ:  "Return My Virginity If You Want Divorce” – 28 Year Old Bossy Wife Tells Husband

Read Also:👇🏾

  1. Jailed Internet Fraudster ‘H-Money’ Masterminds Over $100 Million Scams From Prison
  2. Lawmaker Advocates For Criminals To Be Caned Instead Of Being Sent To Prison
  3. Orji Uzor Kalu Will Receive His Full Salaries And Allowances In Prison – Nigerian Senate
  4. Appeal Court Nullifies Olisa Metuh’s Conviction For Money Laundering, Orders Fresh Trial

TAGGED:JailedLawmakerMoney LaunderingNewsPeter Nwaoboshiprison
ByTobias Sylvester
Follow:
Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos.Contact Tobias at [email protected] a confidential tip? Submit it here
Previous Article "Try To Make Your Marriage Work For Your Children's Sake" – Stanley Nweze Advises Couples “Try To Make Your Marriage Work For Your Children’s Sake” – Stanley Nweze Advises Couples
Next Article Peter Obi Has Great Potential Of Being Nigeria’s President, But It's Not His Time - Dino Melaye Peter Obi Has Great Potential Of Being Nigeria’s President, But It’s Not His Time – Dino Melaye
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
WhatsAppFollow

Latest Post

Pat Utomi Unveils Cabinet Members Of His Shadow Government, Defends ADC Coalition
Pat Utomi Unveils Cabinet Members Of His Shadow Government, Back ADC Coalition
Supreme Court Affirms Monday Ekpebholo As Edo Governor
Supreme Court Affirms Monday Ekpebholo As Edo Governor
EFCC Arraigns Man For Pretending To Be Mia Khalifa To Commit Internet Fraud
EFCC Arraigns Man For Pretending To Be Mia Khalifa To Commit Internet Fraud
FG Secures $747 Million Loan For Lagos-Calabar Coastal Highway Project
FG Secures $747 Million Loan For Lagos-Calabar Coastal Highway Project
"You Speak English So Well" - Trump Praises Liberian President, Joseph Boakai [Video]
“You Speak English So Well” – Trump Praises Liberian President, Joseph Boakai [Video]
Carlo Ancelotti Sentenced To One Year In Person For Tax Fraud In Spain
Carlo Ancelotti Sentenced To One Year In Person For Tax Fraud In Spain
Nvidia Beats Apple And Microsoft To Become World’s First $4 Trillion Company
Nvidia Beats Apple And Microsoft To Become World’s First $4 Trillion Company
Abdullahi Ganduje Inaugurated As FAAN Board Chairman
Abdullahi Ganduje Inaugurated As FAAN Board Chairman
Gunmen Abduct Passengers On Enugu-Port Harcourt Expressway
Gunmen Abduct Passengers On Enugu-Port Harcourt Expressway
Davido Offers To Build Shop For Female Fan After Threatening To Unfollow Her
Davido Offers To Build Shop For Female Fan After Threatening To Unfollow Her
- Advertisement -
Ad imageAd image

Follow Our News Page On Facebook

Follow our entertainment Page on Facebook

Nigerian Governemn Appeals Judgement Freeing Nnamdi Kanu At Supreme Court
News

Nigerian Government Appeals Judgement Freeing Nnamdi Kanu At Supreme Court

“I Am In Cuffs Right Now With Tems In Uganda” – Omah Lay Cries Out From Custody 2
Celebrities

“I Am In Cuffs Right Now With Tems In Uganda” – Omah Lay Cries Out From Custody

Peru President, Manuel Merino Resigns Over Killing Of 2 Protesters After 5 Days In Power 4
News

Peru President, Manuel Merino Resigns Over Killing Of 2 Protesters After 5 Days In Power

Rivers Sole Administrator, Ibok-Ete Ibas Summons Fubara To Government House
Politics

Rivers Sole Administrator Ibok-Ete Ibas Summons Fubara To Government House

President Tinubu Departs To Paris For Working Visit
Politics

President Tinubu Departs To Paris For Working Visit

Popular Journalist CKN elected Council Member and Director, Membership Services Of Institute Of Personality Development And Customer Relationship Management 6
News

Popular Journalist CKN elected Council Member and Director, Membership Services Of Institute Of Personality Development And Customer Relationship Management

Buhari Approves N120 Billion For Road And Water Projects In Adamawa, Plateau, Taraba States 8
News

Buhari Approves N120 Billion For Road And Water Projects In Adamawa, Plateau, Taraba States

Police Sergeant's 15-Year-Old Son Stabbed To Death By 13-Year-Old Friend In Delta State 10
News

Police Sergeant’s 15-Year-Old Son Stabbed To Death By 13-Year-Old Friend In Delta State

Bandits Kill Benue PDP Leader James Akase And Others In Fresh Attacks
Metro

Bandits Kill Benue PDP Leader James Akase And Others In Fresh Attacks

Governor Nasir El-Rufai Of Kaduna State Calls Peter Obi A Tribal Bigot, Nigerians Reacts 12
News

Governor Nasir El-Rufai Of Kaduna State Calls Peter Obi A Tribal Bigot, Nigerians Reacts

Police Arrest Lagos Guber Candidate, Gbadamosi, For Attending Funke Akindele's House Party 14
News

Police Arrest Lagos Guber Candidate, Gbadamosi, For Attending Funke Akindele’s House Party

2023: Kayode Fayemi To Declare For Presidency On Wednesday, Unfolds Agenda
Politics

2023: Kayode Fayemi To Declare For Presidency On Wednesday, Unfolds Agenda

Kanyi Daily News: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more.

Got a hot news tip or found something interesting you’d like us to feature? Hit us up with the details.

  • About KanyiDaily.com
  • Advertise
  • Claims of Infringement
  • Conditions Of Use
  • Contact Us
  • Media Inquiries
  • SUBMIT YOUR STORIES!
  • Tech Issues
  • Write For Kanyi Daily
  • Advertising Policy
  • Comment Policy
  • Editorial Policy
  • Privacy Policy
  • FAQ – Frequently Asked Question
Follow US
Kanyi Media 2025.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?