N805m Fruad: Senator Nwaoboshi Rearrested, Jailed

N805m Fruad: Senator Nwaoboshi Rearrested, Jailed | Daily Report Nigeria

The senator representing Delta North in the National Assembly, Peter Nwaoboshi, who has been on the run months after the Court of Appeal, Lagos Division convicted and sentenced him to seven years imprisonment.

He was convicted for money laundering to the tune of N805 million when he was Commissioner for Works in Delta State.

The lawmaker was intercepted by operatives of the Economic and Financial Crimes Commission, on Monday, at a Hospital in Lagos.

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He was further remanded in Ikoyi Custodial Centre February 8, 2023, to commence his prison term.

The EFCC disclosed this in a statement on its website on Wednesday.

Recall that the Court of Appeal had in a judgement delivered on July 1, 2022, sentenced Nwaoboshi to prison after he was convicted of a two-count of money laundering and also ordered the winding up of his two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, in line with the provision of Section 22 of the Money Laundering Prohibition Act 2021, and their properties forfeited to the Federal Government.

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