EFCC Arraigns Senator Nwaoboshi And 2 On Money Laundering Charges

EFCC Arraigns Senator Nwaoboshi And 2 On Money Laundering Charges

By Wires Editor | The Trent on April 27, 2018
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Ita Ekpeyong, Lawal Daura, Yemi Osinbajo, EFCC
File Photo

The Economic and Financial Crimes Commission, EFCC, will on Wednesday, April 25, 2018, arraign Peter Nwaoboshi, a senator representing Delta North, before a Federal High Court, Ikoyi, Lagos.

The Senator will be arraigned alongside two others over alleged involvement in corruption, fraudulent contract and money laundering.

Peter Nwaoboshi, EFCC, Court, Money Laundering
Peter Nwaoboshi| Guardian

Also to be arraigned alongside the Senator are: Golden Touch Construction Project Limited and Suiming Electrical Limited. In the charge No: FHC/L/117C/2018, the EFCC is preferring a two-count charge of alleged money laundering on the accused who are to appear before Justice Mohammed Idris.

The two counts read: “That you, Peter Nwaoboshi, and Golden Touch Construction Project Limited between May and June 2014, within the jurisdiction of this honourable court did acquire a property described as Guinea House, Marine Road, Apapa – Lagos for N805 million when you reasonably ought to have known that the sum of N322 million out of the purchase price transferred to the vendors by order of Suiming Electrical Limited formed part of the proceed of an unlawful act (to wit fraud) and you thereby committed an offense contrary to section 15(2)(d)of the money laundering (prohibition) Act 2011(as amended) and punishable under section 15(3) of the same Act.

“That you, Suiming Electrical Limited on or about May 14, 2014, within the jurisdiction of this honorable court aided Peter Nwaoboshi and Golden Touch Construction Project Limited to commit money laundering and you thereby committed an offense contrary to section 18(a) of the money laundering (prohibition)Act 2011(as amended) and punishable under section 15(3) read in conjunction with section 15(2)(d) of the same Act.”

Read more at Vanguard

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