Federal High Court orders forfeiture of Senator Nwaoboshi’s 12 storey building over N1.5 billion fraud
The N805 million house was believed to have been acquired from the proceed of a N1.580 billion fraud by the senator’s company
The Federal High Court of Lagos has ordered the temporary forfeiture of the Senator Peter Nwaoboshi’s popular 12-storey building, the Guinea House, in Lagos.
NAIJ.comlearnt that the PDP senator representing Delta North Senatorial District has been embroiled in a legal battle with the Economic and Financial Crime Commission (efcc).
efcc told the court on Monday, April 24, that the commission had received a petition from the anti-corruption group, ‘Anti-Corruption and Integrity Forum’, against the senator and his companies ( Golden Touch Construction Project Limited, and Bilderberg Enterprises Limited) alleging money-laundering against the Senator, Sahara Reporters reports.
The commission appealed to the court to order a temporary forfeiture of Nwaoboshi’s property until judgement has been served.
Nwaoboshi who is the chairman of the Senate Committee on Niger Delta Affairs could be facing a jail term if found guilty of money laundering and fraud.