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N322m Fraud: EFCC Vows To Appeal Nwaoboshi’s Victory




N322m Fraud: EFCC To Appeal Nwaoboshi’s Victory

The Economic and Financial Crimes Commission (EFCC) has vowed to challenge the victory of Delta North Senator, Peter Nwaoboshi, in the Court of Appeal.

Naija News reports that Nwaoboshi was recently discharged and acquitted of alleged fraud to the tune of N322m on June 18, 2020.

Recall that in 2018, Nwaoboshi was arraigned by the EFCC before a Federal High Court in Lagos for N322m fraud involving two of his companies.

Nwaoboshi and the two companies – Golden Touch Construction Project Limited and Suiming Electrical Ltd – were arraigned for acquiring a property, Guinea House, on Marine Road, Apapa, Lagos for N805m. The EFCC alleged that N322m out of the N805m was part of the proceeds of fraud.

However, Justice Chukwujekwu Aneke said the EFCC relied on hearsay as evidence.

Also, the Niger Delta Development Commission had last year accused Nwaoboshi of using 11 companies as fronts to secure an N3.6bn contract from the NDDC and failing to execute the contract, an allegation which the senator has denied.

But in an interview with The PUNCH on Friday, the spokesman for the EFCC, Wilson Uwujaren, said the agency will challenge the court judgement.

“We will be taking Senator Nwaoboshi’s case before the Court of Appeal,” Uwujaren said.

Meanwhile, it was learned that Nwaoboshi dumped the PDP for the APC to perfect his ambition of running for the deputy governor of Delta State in 2023.

It is rumored that the lawmaker is set to become the running mate for Deputy Senate President, Ovie Omo-Agege, who is said to be eyeing the governorship seat.

Ige Olugbenga is a fine-grained journalist. He loves the smell of a good lead and has a penchant for finding out something nobody else knows.