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Serving Senator arrested inside Hospital over N805million fraud, sent to Prison custody

Serving Senator arrested inside Hospital over N805million fraud, sent to Prison custody

Several months after the Court of Appeal in Lagos sentenced him to seven years imprisonment for N805 million money laundering, the Senator representing Delta North, Peter Nwaoboshi has been arrested and remanded in the Ikoyi Custodial Centre to commence his prison term.
Nwaoboshi, according to the Economic and Financial Crimes Commission (EFCC), has been on the run since July 1, 2022.

The anti-graft agency’s Head, Media & Publicity, Wilson Uwujaren, said in a statement that the lawmaker was intercepted by EFCC operatives at a Hospital in Lagos on Monday, February 6.

The appellate court on July 1, 2022, sentenced Nwaoboshi to prison after it convicted him on a two-count charge of money laundering.

It also ordered the winding up of his two firms, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, under Section 22 of the Money Laundering Prohibition Act 2021, and their properties forfeited to the Federal Government.


Wilson said: “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 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 judgment 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, did acquire a property described as Guinea House, Marina Road, Apapa, Lagos, for 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.

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