Peter Nwaoboshi, a senator for the All Progressives Congress (APC) from Delta State, was given a seven-year prison term for money laundering by an appeals court in Lagos State.
The two businesses owned by the lawmaker, Suiming Electrical Ltd. and Golden Touch Construction Project Ltd., were also ordered to be dissolved by the court.
Nwaoboshi and his two businesses were charged by the Economic and Financial Crimes Commission (EFCC) in 2018 before Justice Mohammed Idris.
On October 5, 2018, they were once again brought before Chukwujekwu Aneke.
Suiming Electrical Ltd. is said to have sent N322 million on behalf of Nwaoboshi and Golden Touch Construction Project Ltd. as part of a payment that is suspected to be the proceeds of fraud.
Aneke concluded that the agency had failed to establish the components of the offenses for which the senator had been charged in a judgment issued in June 2021.
The prosecutor’s case, according to the judge, “collapsed” because “bank executives were not invited to testify.”
The companies were also let go by Aneke for the identical reasons.
The anti-graft agency appealed the verdict because it was unsatisfactory.
The appellate court ruled on Friday, overturning the decision of the lower court and finding the senator guilty.
Following her election on the Peoples Democratic Party (PDP) platform, NWaoboshi switched allegiance to the All Progressives Congress (APC).
