Alleged Money Laundering: Olisa Metuh to know fate today

Posted by News Express | 25 February 2020 | 716 times

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• Ex-PDP Spokesman Metuh

Former Spokesman of the Peoples Democratic Party (PDP), Olisa Metuh, will know his fate in the N400 million fraud charges instituted against him, as a Federal High Court will sit in Abuja to deliver judgement today.

Mr. Metuh alongside his company, Destra investment are being prosecuted by the Economic and Financial Crimes Commission (EFCC) on a seven-count bordering on criminal diversion of the money received from the office of the National Security Adviser.

The former PDP spokesman is also accused of engaging in financial transactions in the sum of $2 million without going through a financial institution, what the EFCC says is in violation of a provision of the Money Laundering (Prohibition) Act.

The defendants had pleaded ‘not guilty’ to the charges when they were arraigned before the court in January 2016.

Mr Metuh had told the court that the N400 million he is accused of collecting, was spent on special national assignment as directed by former President, Goodluck Jonathan.

The trial judge, Justice Okon Abang fixed Tuesday, February 25, 2020, for judgement after taking arguments from the prosecution and defence counsels in the matter which has lasted almost four years. (Channels TV)

Source: News Express

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