April 20, 2024 4:50 am





Shocking Twist: Supreme Court Overturns Senator Nwaoboshi’s Fraud Conviction, Demands Immediate Release

The Supreme Court Sets Senator Nwaoboshi Free in Landmark Ruling

The Supreme Court has made a groundbreaking decision by overturning the conviction and seven-year prison sentence of Senator Peter Nwaoboshi. He had been found guilty of fraud and money laundering. In addition to freeing Senator Nwaoboshi, the apex court also ordered the immediate release of the two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, which were tried alongside him on a two-count charge brought by the Economic and Financial Crimes Commission (EFCC).

In a four-to-one split decision, the Supreme Court set aside the July 1, 2022 judgment of the Court of Appeal, Lagos, which had previously overturned the discharge and acquittal awarded to the senator and the two companies by a Federal High Court in Lagos.

Justice Emmanuel Agim, delivering the lead judgment, stated that Senator Nwaoboshi and the two companies were unjustly and maliciously prosecuted by the EFCC. He emphasized that they had committed no offenses known to the law. According to the apex court, they were needlessly subjected to a criminal trial for a civil transaction.

The EFCC had accused Senator Nwaoboshi and his companies of illegally acquiring a property named Guinea House in Apapa, Lagos, for N805 million. The property was said to belong to the Delta State Government. The EFCC alleged that Suiming Electrical Ltd, on behalf of Senator Nwaoboshi and Golden Touch Construction Project Ltd, transferred a portion of the purchase funds, which were believed to be proceeds of their illicit activities.

With the Supreme Court’s ruling, Senator Nwaoboshi can finally breathe a sigh of relief as he walks away a free man. This landmark judgment serves as a significant turning point in his legal battle and brings an end to the controversy surrounding the case.

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