Monday , 29 June 2026
Home News Local Court finds PDP ex-spokesman, Olisa Metuh guilty of money laundering
LocalNews

Court finds PDP ex-spokesman, Olisa Metuh guilty of money laundering

The PDP ex-spokesman, Olisa Metuh, has been found guilty of money laundering to the tune of N400m

Metuh was convicted by the Federal High Court in Abuja on the money laundering charge against him.

The Economic and Financial Crimes Commission, EFCC, had instituted the case against Metuh following investigation of the $2.1 billion arms deal under the watch of ex- NSA, Col. Sambo Dasuki, retd. 

Trial Justice, Okon Abang also found Metuh’s firm, Destra Investment Ltd, guilty of illegally receiving N400million from the Office of the National Security Adviser, ONSA, before the 2015 presidential election, without contract approval or execution.

I find the defendants guilty in respect of count 1 of the charge and they are accordingly convicted”, Justice Abang held. 

EFCC had in a seven-count charge told the court Metuh and his company allegedly got a sum of N400m through electronic transfer from an account that ONSA operated with the Central Bank of Nigeria, CBN.

Justice Abang is still reviewing submissions of all the parties for the remaining six counts of the charge. 

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

The Gathering on 100 awards ₦5M to young entrepreneurs in Enugu

The Gathering on 100 made its latest stop in Enugu over the...

Ooni hails Tinubu, congratulates Customs CG, Adeniyi on tenure extension

The Permanent Chairman of the Southern Nigerian Traditional Rulers Council (SNTRC), Arole...

I never saw report that led to Natasha’s suspension, says Sen Ireti Kingibe

The lawmaker representing the Federal Capital Territory, FCT, at the Senate, Ireti...

Lagos improves waste operations with 10 new compactors

The Lagos State Ministry of the Environment and Water Resources has received...