Court Fixes Date To Rule On Metuh’s N400m Fraud Case

Justice Okon Abang of the federal high court on Tuesday fixed February 25, 2020, to rule on the trial of ex-Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh.

Naija News reports that Metuh is facing money laundering charges involving the N400m which he allegedly received fraudulently from the Office of the National Security Adviser in 2015.

The prosecution and defence lawyers made their closing arguments on Wednesday after nearly four years of trial.

The former PDP spokesperson and his company, Destra Investment Limited, are being prosecuted by the Economic and Financial Crimes Commission (EFCC) on seven counts of money laundering including allegations that they both fraudulently took the N400m “when they reasonably ought to know” that the money was part of the proceeds of alleged criminal activity of the then NSA, Sambo Dasuki.

Metuh was also accused of transacting with a cash of $2m without going through a financial institution in violation of a provision of the Money Laundering (Prohibition) Act.

Metuh and his company, Destra Investment Limited, had pleaded not guilty to all the seven counts when they were arraigned before the court in January 2016.