Alleged Money Laundering: Supreme Court Upturns Peter Nwaoboshi’s Conviction, Orders Immediate Release

The Supreme Court has upturned the conviction of Senator Peter Nwaoboshi and his sentencing to seven years imprisonment for offences of fraud and money laundering.

The apex court ordered his immediate release from Ikoyi prisons in Lagos, where he is currently being held.

In a lead judgment by Justice Emmanuel Agim, the apex court held that Nwaobishi and the two companies were unjustly and maliciously prosecuted by the EFCC for committing no offences known to law, and subjected them to criminal trial in relation civil transaction, needlessly