Court Finds Olisa Metuh Guilty Of All Charges In N400m Fraud Case

Court Finds Olisa Metuh Guilty Of All Charges In N400m Fraud Case

David Ugbabe

The Federal High Court Abuja has convicted Mr Olisa Metuh after finding him guilty of all the charges filed against him by the Economic and Financial Crimes Commission (EFCC).

Following his trial alongside his company, Destra investment, with seven counts of money laundering and criminal diversion of the said fund which he received from the office of the former National Security Adviser (NSA), Colonel Sambo Dasuki (retd).

Under the auspices of Justice Okon Abang, Metuh according to him, lacked any documentary evidence to show that former President Goodluck Jonathan authorized the release of N400 million purportedly for security reasons without a contractual agreement.

This came after Justice Abang was said to have taken his time to take the counts in the N400 million fraud case against the former National Publicity Secretary of the Peoples Democratic Party (PDP).

He said, “It is my view that Metuh took possession of the N400 million from the office of the NSA without contractual agreement; he is guilty of money laundering and is hereby convicted on Count One.”

Justice Abang explained that the actions of Colonel Dasuki led to the criminal breach of trust and official corruption involving Metuh.

He concluded that the prosecution need not have any evidence of Dasuki’s conviction before pushing for Metuh’s conviction.

According to the trial Judge, Metuh also used the money to acquire a property at Banana Island in Lagos while further explaining that this was contrary to the e-payment mandate which stated that the money was meant for security services, whereas Dextra Investment was not a registered security outfit.

In delivering his judgment, Justice Abang insisted that the evidence pointed to the fact that the money was deliberately laundered to brighten the chances of the PDP during the general elections in 2015.

He added that Metuh failed to explain the transfer of N50 million from the N400 million to the joint account of himself and his wife.

“It is, therefore, manifestly clear that the defendant converted the money for PDP campaign activities and I find him guilty and is hereby convicted accordingly,” the judge declared.

Therefore, Justice Abang said: “I hereby find him guilty and convicted on Count Three.”

Meanwhile, he submitted that the prosecution placed credible evidence before the court which showed some of the unlawful acts of Colonel Sambo Dasuki as the NSA while in office.

Happenings Media