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Senator Peter Nwaobosi in EFCC Net for Money Laundering ...Messy Details


Economic and financial crimes commission EFCC today arraigned before a Federal high court in Lagos, South West Nigeria, the senator representing Delta North senatorial district Peter Nwaoboshi on two count charge of laundering N805million. 
     Arraigned alongside the senator are two limited liability companies,Golden touch construction Project Limited and Suiming Electrical Limited. 

     In a two count criminal charge number FHC/L/117C/18 signed by EFCC legal officer Offem Uket, it was stated thus :That you Peter Nwaoboshi and Golden Touch construction Project Limited between May and June 2014 within the jurisdiction of the honourable court did acquire a property described as Guinea house Marina Road, Apapa for the sum of N805million when you reasonably ought to have known that the sum of N322million out of the purchase price transferred to the vendor by order of suiming Electrical Limited formed part of the proceeds of unlawful act to wit fraud contrary to section 15(2)(d) of the money laundering Act 2011 and punishable under section 15(3)of the same Act. 
    Second count :That you Suiming Electrical Limited on or about 14th May 2014 aided Peter Nwaobosi and Golden Touch construction Project Limited to commit money laundering contrary to section 18(a) of the money laundering prohibition Act 2011 and punishable under section 15(3)read in conjunction with section 15(2)(d)of the same act.



       Peter Nwaoboshi and the companies pleaded not guilty to the charge thereafter his lawyer Valerie-Janet Azinge SAN urged the court to grant him bail on self recognizance or in the alternative admit him to bail on liberal term because of his health challenges,
       However, the EFCC prosecutor Salisu Abubakar, while opposing the bail of the accused senator urged the court to deny him bail because there as still several other charges against him though the court still has the discretion to grant him bail or not.
       The presiding judge, Mohammed Idris, after listening to the argument canvassed by the two parties reserved ruling till Friday, 27th of April, 2018.

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