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

Former PDP spokesman, Mr Olisa Metuh, on the Federal Excessive Courtroom in Abuja on February 25, 2020. PHOTOS: Channels TV/ Sodiq Adelakun.

 

 

Justice Okon Abang of the Federal Excessive Courtroom in Abuja has convicted Mr Olisa Metuh and located him responsible of all the costs filed in opposition to him by the Financial and Monetary Crimes Fee (EFCC).

In a ruling which lasted hours on Tuesday, the trial decide took his time to take the counts within the N400 million fraud case in opposition to the previous Nationwide Publicity Secretary of the Peoples Democratic Get together (PDP).

The EFCC charged Metuh, who’s standing trial alongside his firm, Destra funding, with seven counts of cash laundering and prison diversion of mentioned fund which he obtained from the workplace of the previous Nationwide Safety Adviser (NSA), Colonel Sambo Dasuki (rtd).

Justice Abang defined that the actions of Colonel Dasuki led to the prison breach of belief and official corruption involving Metuh.

He mentioned the previous PDP spokesman lacked any documentary proof to indicate that former President Goodluck Jonathan authorised the discharge of N400 million purportedly for safety causes with no contractual settlement.

Based on the trial decide, the prosecution needn’t have any proof of Dasuki’s conviction earlier than pushing for Metuh’s conviction.

 

On Rely One which bordered on cash laundering, Justice Abang convicted the previous PDP spokesman of Rely One of many prices.

“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.”

Shortly after he was convicted, the trial judged suspended studying the judgment to permit the previous PDP spokesman use the gents.

Upon his return to the courtroom, Justice Abang proceeded along with his judgement on the second depend of the costs which bordered on the prison conversion of N400 million.

Based on him, the proof earlier than him reveals that the cash was used to fund actions of the PDP.

The decide added that Metuh additionally used the cash to amass a property at Banana Island in Lagos.

He defined that this was opposite to the e-payment mandate which said that the cash was meant for safety providers, whereas Dextra Funding was not a registered safety outfit.

 

Justice Abang insisted that the proof pointed to the truth that the cash was intentionally laundered to brighten the probabilities of the PDP through the basic elections in 2015.

He added that Metuh failed to clarify the switch of N50 million from the N400 million to the joint account of himself and his spouse

“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 decide declared.

On Rely Three which bordered on concealment of funds, Justice Abang says the e-payment mandate confirmed that the cash was launched for safety providers however was hid and used for PDP marketing campaign actions and private use.

“I hereby find him guilty and convicted on Count Three,” he dominated.

The trial decide additionally delivered judgment on Rely 4 which was the allegation of unlawful disbursement of funds.

He mentioned the Prosecution positioned credible proof earlier than the court docket which confirmed among the illegal acts of Colonel Sambo Dasuki because the NSA whereas in workplace.

Justice Abang held, “The first defendant was desirous of repositioning the PDP and he deployed the funds for that purpose and personal use.”

He famous that the assembly whereby former President Jonathan allegedly authorised the fee was tagged a ‘security meeting’.

 

However the decide questioned why solely the previous NSA and prime officers of the PDP attended the assembly, but Metuh claimed the cash was disbursed for particular nationwide project.

However the decide questioned why solely the previous NSA and prime officers of the PDP attended the assembly, but Metuh claimed the cash was disbursed for particular nationwide project, stressing that the primary defendant was not a witness of fact.

He mentioned, “I agree with the prosecution that Metuh’s claims are tissues of lies hurriedly put in place to divert the eye of the court docket from prying into the disbursement of the N400 million obtained from the workplace of the NSA by way of an below the desk settlement.

“It’s a case of public funds filtering into personal arms for egocentric causes.”

Justice Abang, due to this fact, held that the N400 million was by no means launched for a particular nationwide project based mostly on the proof earlier than him.

“Therefore, I find the first and second defendants guilty on Count Four,” he dominated.

 

Justice Abang, due to this fact, held that the N400 million was by no means launched for a particular nationwide project based mostly on the proof earlier than him.

He then proceeded to present judgement on Rely Seven – switch of funds to a PDP chieftain, saying he would come again to counts 5 and 6.

On the seventh depend of the costs, the trial decide held that the switch of N27.7 million to Mr Anthony Anenih for a particular nationwide project immediately represented the illicit nature of the fund.

“I have again considered the position of the prosecution and found that the prosecution proved the transfer of N27.7 million to Chief Anthony Anenih, and I hereby find the first and second defendants guilty on Count Seven and are hereby convicted,” he dominated.

Thereafter, Justice Abang mentioned he has thought-about the arguments of the defendants on Counts 5 and Six which cope with making money transactions above the statutory threshold of N5 million for people and N10 million for company our bodies.

“I agree with the prosecution that the defendants dedicated the offence by handing over uncooked money of $2 million to a Bureau de Change (BDC) operator to alter similar into naira.

“From the proof positioned earlier than me, the BDC is just not even a registered operator. The transaction is, due to this fact, undocumented and runs opposite to the Anti-Cash Laundering Act.”

“I agree with the prosecution that the $2 million and part of the N400 million received from the office of the NSA was used to acquire properties in Lagos,” he added.

Based on the trial decide, the transaction as regards Counts 5 and Six was clearly in extra of the statutory threshold whether or not the cash belonged to the defendants or not and Metuh failed in his defence to reveal the supply of the $2 million.

“I hereby find the first and second defendants guilty on Counts Five and Six,” he held.

After taking all of the counts, the court docket convicted and located the previous PDP spokesman responsible of all seven prices levelled in opposition to him by the EFCC.

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