Court Convicts Metuh, Destra Ltd in Money Laundering Case

0
Olisa Metuh, PDP, Convicted, Money laundering, N400m

The Federal High Court in Abuja presided by Justice Okon Abang on Tuesday returned a verdict convicting  former national publicity secretary of the Peoples Democratic Party (PDP), Olisa Metuh and his company, Destra Investment Ltd of laundering.

The court said it was convinced that Destra illegally received N400million from the office of the national security adviser (ONSA) prior to the 2015 presidential election, without contract approval or execution.

Justice Abang therefore held that he found “the defendants guilty in respect of count 1 of the charge and they are accordingly convicted”.

Nigeria’s Economic and Financial Crimes Commission (EFCC), had filed a seven-count charge before the court, alleging that the N400m was electronically wired from an account that ONSA operated with the Central Bank of Nigeria to Metuh, via account no. 0040437573, which his firm operated with Diamond Bank Plc.

It told the court that the fund which was released to Metuh and his firm by former NSA, Col. Sambo Dasuki, ‎was part of about $2.1billion earmarked for the purchase of arms to fight insurgency in the North East.

The prosecution also alleged that Metuh was involved in an illicit transaction that involved the exchange of $2million, in violation of extant financial regulations.

The remaining six counts in the charge preferred against Metuh are still being reviewed by the court.

LEAVE A REPLY

Please enter your comment!
Please enter your name here