Muhammed Abubakar, Reporting
THE Supreme Court of Nigeria has quashed the conviction of Senator Peter Nwaoboshi and his seven years imprisonment over fraud and money laundering.
The apex court ordered the immediate release of Nwaoboshi from Ikoyi prisons in Lagos, where he is currently serving his jail term.
The former PDP chairman in Delta State had represented Delta North in the ninth Senate and was candidate of the APC for the same position in the last election whine in prison.
Delivering Judgement, the court also freed the two companies – Golden Touch Construction Project Ltd and Suiming Electrical Ltd – tried with him on a two-count charge brought against them by the Economic and Financial Crimes Commission (EFCC).
In a split decision of four-to-one, the Supreme Court set aside the July 1, 2022 judgment of the Court of Appeal, Lagos, which had reversed their discharge and acquittal by a Federal High Court in Lagos.
In a lead judgment by Justice Emmanuel Agim, the apex court held that Nwaobishi and the two companies were unjustly and maliciously prosecuted by the EFCC for committing no offences known to the law, and subjected them to a criminal trial in relation to a civil transaction, needlessly.
The EFCC had accused Nwaoboshi and his companies of illegally acquiring a property named Guinea House on Marine Road, in Apapa, Lagos, for N805 million, the property said to belong to the Delta State government.
They had claimed that part of the money paid for the property was transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd, adding the funds are believed to be proceeds of their illicit activities.