BREAKING: Court finds Metuh, firm guilty of first count in N400m fraud trial

The Federal High Court in Abuja, on Tuesday, convicted a former National Publicity Secretary of the Peoples Democratic Party, Olisah Metuh, and his firm, Destra Investments Limited, of the first of th

e seven counts instituted against them by the Economic and Financial Crimes Commission.

Ruling on the first count in his judgement, Justice Okon Abang ruled that a former National Security Adviser, Sambo Dasuki, unlawfully transferred the sum of N400 million to the defendants in November 2014,The judge ruled that Metuh and his firm reasonably ought to have known that the sum of N400 million paid to them formed part of the proceeds of the unlawful activity of the ex-NSA because they had no form of a contractual relationship with the ONSA.

The judge said, contrary to the argument, “the predicate offence and the money laundering offence are intertwined”. “The success or failure of the predicate offence does not determine the success or failures of the money laundering offence,” the judge added.reports that after finding the defendants guilty of the first count, the judge is analysing the evidence tendered in respect of the second count.

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