Just In: Court Sentences Metuh To Seven Years In Prison

Hamilton Nwosa
Writer

Ad

Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…

Japan designates Kisarazu as official hometown for Nigerians

In a landmark move to boost cultural ties and economic cooperation, the Government of Japan has designated the city of Kisarazu as the official hometown for Nigerians wishing to live and work in the country. The announcement was made on Thursday on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9), held…

FG to raise N200bn through two bond offers at August auction

By Obinna Uballa The Debt Management Office (DMO) has announced plans to raise N200 billion through two Federal Government bond offerings scheduled for auction on August 25, 2025. According to a notice issued by the DMO on Friday, the subscription price for each bond is fixed at N1,000 per unit, with a minimum subscription requirement…

Ad

The Federal High Court, Abuja, on Tuesday, sentenced a former National Publicity Secretary of the Peoples Democratic Party (PDP), Mr Olisa Metuh, to seven years in prison.

Justice Okon Abang handed down the sentence in his judgement on seven counts of money laundering and criminal diversion of funds to the tune of N400 million.

The charges were filed against Metuh and his company, Destra Investment, by the Economic and Financial Crimes Commission (EFCC).metuh

Read also: Court Finds Olisa Metuh Guilty of N400m Fraud

The trial judge sentenced Metuh after convicting him and found him guilty of all the charges brought against him by the anti-graft agency.

This followed a protected trial of the former PDP spokesman which lasted about four years and witnessed a series of drama and adjournment over health-related matters.

Giving his judgement, Justice Abang sentenced Metuh to seven years imprisonment in respect to Counts One to Three.

On Count Four, the PDP spokesman was sentenced to five years while he got seven, three and seven years for Counts Five, Six, and Seven years respectively.

He, however, held that all the sentences should run concurrently, with effect from February 25, 2020.

The trial judge also sentenced Dextra Investment to pay a fine of N25 million with respect to Counts Five and Six, while Metuh was also ordered to pay a fine of N375 million.

Justice Abang further ordered that the account of Dextra Investment should be forfeited to the Federal Government and the company be dissolved.

Ad

X whatsapp