The Supreme Court had in a break up choice of four-to-one set aside the conviction and sentencing to seven years’ imprisonment of Sen. Peter Nwaoboshi for offences of fraud and cash laundering.

In a lead judgment by Justice Emmanuel Agim, the apex court docket held that Nwaobishi and the 2 firms have been unjustly and maliciously prosecuted by the EFCC for committing no offences recognized to regulation, who subjected them to useless legal trial in relation civil transaction.

The court docket 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

The apex court docket, due to this fact, ordered his rapid launch from Ikoyi prisons in Lagos, the place he’s at present being held.

The supreme court docket additionally freed the 2 firms – Golden Touch Construction Project Ltd and Suiming Electrical Ltd – tried with him on a two-count cost introduced towards them by EFCC.

The EFCC had accused Nwaoboshi and his firms of illegally buying a property named Guinea House on Marine Road, in Apapa, Lagos, for N805 million, property mentioned to belong to the Delta State Govt.

The anti-graft company had claimed that a part of the cash paid for the property was transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd, including the funds are believed to be proceeds of their illicit actions.

NAN