Breaking: Olisa Metu gets 39 years jail, to pay FG N375m — Daily Times Nigeria

Breaking: Olisa Metu gets 39 years jail, to pay FG N375m

Olisa Metu

The former spokesman of the Peoples Democratic Party (PDP), Olisa Metuh has been jailed for 39 years for money laundering.

Justice Okon Abang of the Federal High Court on Tuesday in Abuja convicted and found Olisa Metuh guilty on seven counts filed by the Economic and Financil Crimes Commission (EFCC).

Olisa Metu

Metuh was arraigned by the Federal Government in 2016 over allegations of unlawfully receiving N400m from the office of the then National Security Adviser, Col Sambo Dasuki (rtd).

Mr Metuh is being prosecuted by the EFCC, alongside his company, Destra Investment, on a seven-count charge of diversion of the money received when Sambo Dasuki who was the National Security Adviser.

Olisa Metu was also accused of transacting with the sum of $2 million without going through a financial institution, in violation of a provision of the Money Laundering (Prohibition) Act.

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Justice Okon Abang of the Federal High Court on Tuesday in Abuja sentenced Olisa  Metuh to seven years imprisonment.

The Court also fined  Metuh N375 million to be paid to the Federal Government.

Justice Abang on count one, two, four and seven, ordered that he be sentenced to seven years imprisonment.

On count three he was sentenced to five years, on count five, three years imprisonment with a fine of N25m (twenty five million) to the Federal Government.

On count six he was sentenced to three years imprisonment while the second defendant, Destra Investment Company was to forfeit N25m (twenty five million naira) to the federal government.

Justice Abang ordered that the sentencing was to run concurrently with effect from today.

He further ordered that Metuh’s company (2nd defendant) be closed and the amounts standing trial in its financial institution forfeited to the FG.

He said that an enrollment of judgement order would be served on EFCC.

Metuh was arraigned by the Federal Government in 2016 over allegations of unlawfully receiving N400m from the office of the then National Security Adviser, Col Sambo Dasuki (rtd).

The former PDP spokesperson was also accused of transacting with the sum of $2 million without going through a financial institution, in violation of a provision of the Money Laundering (Prohibition) Act.


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