A Federal High Court Lagos on Monday adjourned until Dec. 10 for continuation of trial of a PDP Chieftain, Sen. Peter Nwaoboshi, over alleged N322 millon money laundering charge. Nwaoboshi, a Senator representing Delta North, was arraigned in 2018, by the Economic and Financial Crimes Commission (EFCC), on two counts of money laundering and fraud. Also charged are two companies namely: Golden Touch Construction Project Ltd and Suiming Electrical LtdHe had pleaded not guilty to the charges and was granted bail. In counts two, Suiming Electrical was alleged to have on May 14, 2014, aided Nwaoboshi and Golden Touch to commit money laundering. The offence contravened the provisions of sections 15(2)(d) , 15 (3) and 18(a) of the Money Laundering (Prohibition) Act 201.

Source: The Guardian October 12, 2020 12:45 UTC