Breaking: Olisa Metuh convicted of laundering N400m
The Federal High Court in Abuja has convicted a former National Publicity Secretary of the Peoples Democratic Party (PDP), Mr. Olisa Metuh of laundering N400,000,000, in a suit filed by the Economic and Financial Crimes Commission (EFCC).
He was charged alongside his company, Destra investment, with seven counts bordering on criminal diversion of the money received from the office of the former National Security Adviser, Colonel Sambo Dasuki (rtd).
Metuh was alleged to have been part of financial transactions in the sum of $2 million without going through a financial institution; an offence the EFCC said was in violation of a provision of the Money Laundering (Prohibition) Act.