The Supreme Court has upturned the conviction of Senator Peter Nwaoboshi and his sentencing to seven years imprisonment for offences of fraud and money laundering.
The apex court ordered the immediate release of Nwaoboshi, who represented Delta North in the ninth Senate, from Ikoyi prisons in Lagos, where he is currently being held.
The apex court ordered the immediate release of Nwaoboshi, who represented Delta North in the ninth Senate, from Ikoyi prisons in Lagos, where he is currently being held.
In a lead judgment by Justice Emmanuel Agim, the apex court held that Nwaobishi and the two companies were unjustly and maliciously prosecuted by the EFCC for committing no offences known to the law, and subjected them to a criminal trial in relation to a civil transaction, needlessly.
The EFCC had accused Nwaoboshi and his companies of illegally acquiring a property named Guinea House on Marine Road, in Apapa, Lagos, for N805 million, the property said to belong to the Delta State Govt.
They had claimed that part of the money paid for the property was transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd, adding the funds are believed to be proceeds of their illicit activities.
