N7.1bn fraud: Court jails Orji Kalu for 12 years NEWS

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N7.1bn fraud: Court jails Orji Kalu for 12 years

By AdvocateNews on 05/12/2019

Senator Orji-Uzor Kalu

Former Governor of Abia State, Orji Uzor Kalu, was on Thursday sentenced to12 years imprisonment by the Federal High Court in Lagos.

Kalu, who is the chief whip of the Nigerian Senate was convicted of N7.1 billion fraud and money laundering.

The judge also ordered that Kalu’s company, Slok Nigeria Limited, be liquidated and its assets forfeited to the federal government.

Kalu stood trial on a 39-count charge brought against him by the Economic and Financial Crimes Commission, EFCC.

The senator, Slok Nigeria Limited, and Udeh Udeogu, a former director of finance and accounts in Abia were accused of diverting N7.65 billion from the purse of the state government.

He is also accused of illegally taking N460 million from Abia’s treasury.

“Slok Nigeria Limited – a company solely owned by you and members of your family – to retain in its account, domiciled with the then Inland Bank Plc, Apapa branch, Lagos, an aggregate sum of N7,197,871,208.7 on your behalf,” one of the charges filed against Kalu reads.

The offences are said to be in contravention of section 17(c) of the money laundering (prohibition) act, 2004.

In the course of the trial, the anti-graft agency argued that the defendants breached section 427 of the criminal code act, CAP 77, Laws of the federation 1990.

It called 19 witnesses to help establish its case.

Kalu’s corruption trial began in 2007, but the case suffered setbacks owing to legal spanner thrown into the works by the accused.

Posted 05/12/2019 3:51:42 PM

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