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N805m Scam: Finally, Senator Nwaoboshi Lands in Prison

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N805m Scam: Finally, Senator Nwaoboshi Lands in Prison

By Michael Mike

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 7 years imprisonment for money laundering, is finally in prison custody. The lawmaker who was intercepted by operatives of the Economic and Financial Crimes Commission, EFCC, at a Hospital in Lagos on Monday, February 6, was finally remanded in Ikoyi Custodial Centre today, February 8, 2023, to commence his prison term.

The Court of Appeal had in a judgement it delivered on July 1, 2022, sentenced him to prison after it convicted him on a two-count charge 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.

But the lawmaker who was not present in court at the time of the ruling, went underground and refused to present himself to the Nigerian Correctional Service. Instead, he proceeded to the Supreme Court, praying the apex court to not only set it aside the judgment of the appeal court but grant him bail, pending the determination of his appeal.

But in a unanimous decision on January 27, 2023, the apex court dismissed the application. In the lead judgement by Justice Emmanuel Agim, the apex court wondered why Nwaoboshi, who refused to submit himself to the law, would seek the indulgence of the law.

Justice Tijani Abubakar, in his contribution, upbraided the Appellant for filing the bail application while on the run.

“We must make it very, very clear to all Nigerians that nobody is above the law. The government and the governed are subject to the rule of law. And, we must ensure that there is respect for the rule of law”.

The Court of Appeal judgement that convicted Nwaoboshi followed an appeal by the EFCC against the judgment of Justice Chukwujekwu Aneke of a Federal High Court in Lagos, which had on June 18, 2021, discharged and acquitted the lawmaker and his companies.

Nwaoboshi and his companies illegally acquired a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million. Part of the money paid for the property was transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd. The funds are believed to be proceeds of illicit activities of the convict.

One of the counts reads: ” That you, Peter Nwaoboshi and Golden Touch Construction Projects Limited, between May and June, 2014, within the jurisdiction of this honourable court, did acquire a property described as Guinea House, Marina Road, Apapa, Lagos, for the sum of N805million, when you reasonably ought to have known that the sum of N322 million out of the purchase price transferred to the vendors by order of Suinming Electricals Limited formed part of the proceeds of an unlawful activity of fraud and you thereby committed an offence contrary to Section 15(2) (d) of the Money Laundering Prohibition Act of 2011(as amended) and punishable under Section (15)(3) of the same Act.

N805m Scam: Finally, Senator Nwaoboshi Lands in Prison

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Crime

Billionaire Drug Baron, Two Female Kingpins Nabbed in Global Anti-Narcotics Sting

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Billionaire Drug Baron, Two Female Kingpins Nabbed in Global Anti-Narcotics Sting

By: Michael Mike

A sweeping international anti-drug operation involving the National Drug Law Enforcement Agency (NDLEA), the United States Drug Enforcement Administration (DEA), and security agencies across Europe has led to the dismantling of a vast transnational drug money laundering syndicate allegedly linked to hundreds of billions of naira in illicit proceeds.

The coordinated crackdown resulted in the arrest of an alleged billionaire drug baron, Amadi Simon, in Switzerland alongside two suspected female collaborators identified as 34-year-old Jecinta Ikechi and 28-year-old Blessing Amadi, arrested in Anambra and Delta states respectively.

The operation, described by the NDLEA as one of its most significant international financial crime breakthroughs, followed months of intelligence gathering and investigations spanning multiple jurisdictions, including Switzerland, France, Greece and Nigeria.

According to a statement on Thursday by the spokesman of the anti-narcotics agency, Femi Babafemi said the syndicate operated an elaborate international network used to launder proceeds from narcotics trafficking and related financial crimes through shell companies, proxy accounts, cryptocurrency wallets and fronts spread across Europe and Nigeria.

Investigators said the suspects were apprehended during simultaneous operations carried out on April 28, 2026, by operatives of the NDLEA Special Operations Unit working closely with the U.S. DEA Lagos Country Office and other foreign law enforcement partners.

Beyond the arrests, authorities disclosed that several high-value assets linked to the cartel have been identified and traced both within and outside Nigeria.

Among the properties already linked to the network are Jovi Hotel located at Isiayei Street, GRA Phase 1, Asaba; Jovi Hotel and Suites situated along Orikeze Road in Agbor, Delta State; and Jovi Apartment at Jamieson Court, Mabushi, Abuja.

The NDLEA also confirmed that multiple bank accounts and cryptocurrency addresses allegedly used by the syndicate to conceal illicit funds running into hundreds of billions of naira have been identified and frozen as part of ongoing asset recovery measures.

Chairman and Chief Executive Officer of the NDLEA, Brig. Gen. Buba Marwa (Rtd.), said the successful operation underscored the agency’s expanding global intelligence and enforcement collaboration aimed at dismantling international narcotics and financial crime networks.

Marwa declared that the operation sends a strong warning to drug traffickers and criminal financiers that Nigeria will no longer serve as a safe haven for illicit drug proceeds.

“The NDLEA remains relentless in its pursuit of those involved in narcotics trafficking and associated financial crimes, regardless of where they attempt to hide,” he said.

He added that the agency’s achievements were built on “strategic partnership, unwavering integrity, and dedicated professionalism,” stressing that the NDLEA was determined to ensure that Nigeria neither becomes a refuge for drug traffickers nor a sanctuary for their criminal wealth.

The NDLEA boss also commended the support of the U.S. DEA and other international partners, noting that continued cooperation in intelligence sharing, tactical operations, evidence gathering and training has significantly strengthened Nigeria’s anti-narcotics enforcement capacity.

The latest breakthrough comes amid intensifying global efforts to disrupt international drug trafficking networks increasingly relying on cryptocurrency systems, cross-border financial channels and luxury real estate investments to conceal illicit proceeds.

Billionaire Drug Baron, Two Female Kingpins Nabbed in Global Anti-Narcotics Sting

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Troops, police arrest nine suspected kidnappers in Edo raid operation

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Troops, police arrest nine suspected kidnappers in Edo raid operation

By: Zagazola Makama

Troops of the Nigerian Army, in collaboration with the Nigeria Police Force and local security stakeholders, have arrested nine suspected kidnappers during a raid operation in Edo State.

Sources said the operation was conducted at about 0200 hours on May 5 by troops of 4 Brigade deployed at Forward Operating Base (FOB) Udomi, in conjunction with police operatives, Edo State Security Corps, hunters and vigilantes.

The joint team, acting on credible intelligence, stormed a suspected kidnappers’ hideout at Ukpaja general area in Ubiaja, Esan South-East Local Government Area of the state.

During the operation, nine suspected kidnappers were apprehended without resistance.

The suspects were subsequently handed over to the Divisional Police Command in Uromi for further investigation and prosecution.

Security authorities said the raid formed part of ongoing efforts to dismantle criminal networks and enhance safety across communities in Edo State.

They reaffirmed commitment to sustained joint operations aimed at curbing kidnapping and other violent crimes in the region.

Troops, police arrest nine suspected kidnappers in Edo raid operation

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Troops recover bodies of two civilians in Platea

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Troops recover bodies of two civilians in Platea

By: Zagazola Makama

Troops of Sector 8, Operation Enduring Peace, have recovered the bodies of two civilians killed in Gyambwas area near Kikyua village in Mangu Local Government Area of Plateau State.

Sources said the incident occurred at about 5:25 p.m. on May 5.

According to the source, troops deployed at Gyambwas responded to a distress call regarding the killing of two locals within the fringes of Kikyua village.

He said no contact was made with the attackers as they had fled the scene before the arrival of the troops.

“Troops recovered the corpses and subsequently handed them over to the village youth leader for further necessary action,” the source said.

The source added that security patrols had been intensified in the area to prevent further attacks and restore calm.

He assured residents that efforts were ongoing to track down those responsible for the killings.

Troops recover bodies of two civilians in Platea

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