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N850 Million Laundering: Senator Nwaoboshi Granted Bail On Self-Recognition

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A Federal High Court sitting in Lagos on Friday, April 27, 2018, granted bail to Peter Nwaobosi, the senator representing Delta North Senatorial District, standing trial before the court on money laundering charges.

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

Mohammed Idris, the presiding judge, granted him bail on self-recognition being a serving senator of the Federal Republic of Nigeria, however, he was ordered to produce two sureties with a bond of N50 million each within 72 hours while he must also deposit his international passport with the court.

Idris ordered further that the accused senator should not travel out of the country during the pendency of this case without the permission of the court.

Thereafter, Idris adjourned the case till June 13, 2018, for trial to commence.

Last Monday, Nwaobosi was arranged before the court by the Economic and Financial Crimes Commission, EFCC on two-count charge of laundering N805 million.

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