in

Federal High Court finds Olisa Metuh guilty of laundering N400m

Olisa Metuh

Justice Okon Abang of the Federal High Court, Abuja, has found Olisa Metuh, former National Publicity Secretary of the Peoples Democratic Party (PDP) guilty of money laundering of about N400 million.

The suit was instituted by the Economic and Financial Crimes Commission (EFCC).

The Anti-graft agency charged Metuh, who is standing trial alongside his company, Destra investment, with seven counts bordering on criminal diversion of the money received from the office of the former National Security Adviser (NSA), Colonel Sambo Dasuki (rtd).

Delivering judgement in the case, Justice Abang convicted the former PDP spokesman of count one of the charges.

According to him, the evidence before him shows that the money was used to fund activities of the PDP.

Justice Abang added that Metuh also used the money to acquire a property at Banana Island in Lagos.

He further explained that this was contrary to the e-payment mandate which stated that the money was meant for security services, whereas Dextra Investment was not a registered security outfit.

The Judge insisted that the evidence pointed to the fact that the money was deliberately laundered to brighten the chances of the PDP during the general elections in 2015.

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

hosni mubarak died

Former Egyptian President Hosni Mubarak died aged 91

Oluwo of Iwo

Oluwo of Iwo speaks out after his six months suspension