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HomeGistMoney Laundering: Senator Nwaoboshi Vows To Challenge Appeal Court Judgement

Money Laundering: Senator Nwaoboshi Vows To Challenge Appeal Court Judgement

The National Assembly representative for Delta North Senatorial District, Senator Peter Nwaoboshi, has vowed to battle his money laundering conviction to the Supreme Court.

Nwaoboshi and his two businesses, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, were found guilty and given seven years in prison by the Lagos Court of Appeal on Friday for laundering N322 million in 2014.

Although the supreme court “will subject the judgment to critical assessment,” the lawmaker is sure in this.

Depending on which way the pendulum swings, it is not uncommon for judgments to surprise the parties, according to the senator’s media team.

“The judgment, the news of which is in the media, arose from an appeal by EFCC against the judgment of the Federal High Court, Lagos, which discharged and acquitted distinguished senator and co-defendants at the trial level.

Steps are being taken to challenge the court of appeal judgment immediately and we are confident that the supreme court will subject the judgment to critical review accordingly.”

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The Appeal Court in its ruling had also ordered that Senator Nwaoboshi’s two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, be wound up in line with the provisions of Section 22 of the Money Laundering Prohibition Act 2021.

This ruling followed the success of the appeal by the Economic and Financial Crimes Commission (EFCC), challenging the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021, discharged and acquitted the defendants of a two-count charge of fraud and money laundering.

EFCC had arraigned the three defendants over the acquisition of a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million.

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