Also convicted is his firm, Destra Investment Limited (2nd defendant), which was liquidated by the court.
The seven-count charge upon which the the former PDP National Publicity Secretary was jailed borders on money laundering, criminal conversion and diversion of funds to the tune of N400, 000, 000 (Four Hundred Million Naira).
Chief Olisa Metuh and his firm were convicted on all the seven-count money laundering charge the Economic and Financial Crimes Commission, EFCC, preferred against them.
The court found them guilty of unlawfully receiving N400million from the Office of the National Security Adviser, ONSA, prior to the 2015 presidential election, without contract approval or execution.
Metuh was also convicted for involving in an illicit transaction that involved the exchange of $2million, in violation of extant financial regulations.
While he was sentenced to seven years on counts 1, 2, 4 and 7 of the charge, the count handed him five years on count 3, three years on count 5 and 6.
The firm was ordered to pay N25m with respect to both counts 5 and 6 of the charge.
The court held that the sentence would run concurrently starting from today.
(EFCC)
(EFCC)
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