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Courtroom Finds Olisa Metuh Responsible Of Cash Laundering, Six Different Prices In N400m Fraud Case

The Federal Excessive Courtroom in Abuja has discovered Mr Olisa Metuh responsible of cash laundering within the sum of N400 million.

The trial choose, Justice Okon Abang, discovered the previous Nationwide Publicity Secretary of the Peoples Democratic Get together (PDP) responsible on Tuesday whereas delivering judgement within the go well with instituted towards him by the Financial and Monetary Crimes Fee (EFCC).

The anti-graft company charged Metuh, who’s standing trial alongside his firm, Destra funding, with seven counts bordering on prison diversion of the cash obtained from the workplace of the previous Nationwide Safety Adviser (NSA), Colonel Sambo Dasuki (rtd).

Delivering judgement within the case, Justice Abang convicted the previous PDP spokesman of Depend One of many costs.

“It is my view that Metuh took possession of the N400 million from the office of the NSA without contractual agreement; he is guilty of money laundering and is hereby convicted on Count One.”

Shortly after he was convicted, the trial judged suspended studying the judgment to permit the previous PDP spokesman use the gents.

Upon his return to the courtroom, Justice Abang proceeded along with his judgement on the second rely of the costs which bordered on the prison conversion of N400 million.

Based on him, the proof earlier than him exhibits that the cash was used to fund actions of the PDP.

The choose added that Metuh additionally used the cash to accumulate a property at Banana Island in Lagos.

He defined that this was opposite to the e-payment mandate which said that the cash was meant for safety companies, whereas Dextra Funding was not a registered safety outfit.

Justice Abang insisted that the proof pointed to the truth that the cash was intentionally laundered to brighten the probabilities of the PDP through the basic elections in 2015.

He added that Metuh failed to clarify the switch of N50 million from the N400 million to the joint account of himself and his spouse

“It is, therefore, manifestly clear that the defendant converted the money for PDP campaign activities and I find him guilty and is hereby convicted accordingly,” the choose declared.

On Depend Three which bordered on concealment of funds, Justice Abang says the e-payment mandate confirmed that the cash was launched for safety companies however was hid and used for PDP marketing campaign actions and private use.

“I hereby find him guilty and convicted on Count Three,” he dominated.

The trial choose additionally delivered judgment on Depend 4 which was the allegation of unlawful disbursement of funds.

He mentioned the Prosecution positioned credible proof earlier than the court docket which confirmed a number of the illegal acts of Colonel Sambo Dasuki because the NSA whereas in workplace.

Justice Abang held, “The first defendant was desirous of repositioning the PDP and he deployed the funds for that purpose and personal use.”

He famous that the assembly whereby former President Jonathan allegedly authorised the fee was tagged a ‘security meeting’.

However the choose puzzled why solely the previous NSA and high officers of the PDP attended the assembly, but Metuh claimed the cash was disbursed for particular nationwide project.

However the choose puzzled why solely the previous NSA and high officers of the PDP attended the assembly, but Metuh claimed the cash was disbursed for particular nationwide project, stressing that the primary defendant was not a witness of fact.

He mentioned, “I agree with the prosecution that Metuh’s claims are tissues of lies hurriedly put in place to divert the eye of the court docket from prying into the disbursement of the N400 million obtained from the workplace of the NSA by means of an beneath the desk settlement.

It’s a case of public funds filtering into personal arms for egocentric causes.”

Justice Abang, due to this fact, held that the N400 million was by no means launched for a particular nationwide project primarily based on the proof earlier than him.

“Therefore, I find the first and second defendants guilty on Count Four,” he dominated.

Justice Abang, due to this fact, held that the N400 million was by no means launched for a particular nationwide project primarily based on the proof earlier than him.

He then proceeded to present judgement on Depend Seven – switch of funds to a PDP chieftain, saying he would come again to counts 5 and 6.

On the seventh rely of the costs, the trial choose held that the switch of N27.7 million to Mr Anthony Anenih for a particular nationwide project instantly represented the illicit nature of the fund.

“I have again considered the position of the prosecution and found that the prosecution proved the transfer of N27.7 million to Chief Anthony Anenih, and I hereby find the first and second defendants guilty on Count Seven and are hereby convicted,” he dominated.

Thereafter, Justice Abang mentioned he has thought-about the arguments of the defendants on Counts 5 and Six which cope with making money transactions above the statutory threshold of N5 million for people and N10 million for company our bodies.

“I agree with the prosecution that the defendants dedicated the offence by handing over uncooked money of $2 million {dollars} to a Bureau de Change (BDC) operator to alter identical into naira.

“From the proof positioned earlier than me, the BDC is just not even a registered operator. The transaction is, due to this fact, undocumented and runs opposite to the Anti-Cash Laundering Act.”

“I agree with the prosecution that the $2 million and part of the N400 million received from the office of the NSA was used to acquire properties in Lagos,” he added.

Based on the trial choose, the transaction as regards Counts 5 and Six was clearly in extra of the statutory threshold whether or not the cash belonged to the defendants or not and Metuh failed in his defence to reveal the supply of the $2 million.

“I hereby find the first and second defendants guilty on Counts Five and Six,” he held.

After taking all of the counts, the court docket convicted and located the previous PDP spokesman responsible of all seven costs levelled towards him by the EFCC.

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