According to the judgement meted out by a federal high court in Lagos, uzor-kalu was handed a 12-year jail sentence and sentenced Udeogu to prison for 10 years.
The assets of Slok Nigeria Limited, Kalu’s company, were also forfeited to the federal government.
However, Udeogu filed an appeal to challenge the conviction.
His lawyers had argued that Justice Mohammed Idris, the judge who handed down the ruling, was in no proper position to hear the case as he had been elevated to the appeal court at the time he sentenced them to prison.
In a Unanimous verdict on the appeal, delivered by Ejembi Eko, the supreme court declared that the conviction of the appellant was null and void.
He explained that the court reached that declaration on the facts that Idris was already a judge of the court of appeal, as at the time he delivered the judgment sentencing the appellants.
Read the full judgment here.