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Court grants Delta Senator, Nwaoboshi bail


A Federal High Court, Lagos, yesterday, granted bail to the embattled senator representing Delta North in the National Assembly, Peter Nwaoboshi. 

Nwaoboshi, who is before Justice Mohammed Idris to answer charges bordering on alleged N322 million fraud, was granted bail on self-recognisance.

Justice Idris also ordered the senator to provide two sureties, who must furnish the court with bond of N50 million each and that the senator must deposit his international passport with the court. 


Part of the condition includes that he must not travel out of the court’s jurisdiction without notifying the court.

He was, however, given 72 hours to meet the bail terms.

Nwaoboshi, alongside his two companies- Golden Touch Construction Projects Limited and Summing Electricals Limited- were arraigned before the court on Wednesday, April 25, by the Economic and Financial Crimes Commission (EFCC) on a two count-charge, bordering on the alleged fraud.

In the charge, the EFCC alleged that the senator committed the offence between May and June 2014.

The EFCC had alleged that Nwaoboshi and his companies conspired and acquired a property, described as ‘Guinea House’ on Marine Road, Apapa, Lagos for the sum of N806 million, which they reasonably ought to have known that the sum of N322 million, cut of the purchase price transferred to the vendors by order of Summing Electricals Limited, formed part of the proceed of an unlawful act.

The senator’s firms, Summing Electricals Limited, was also alleged to have on or about May 14, 2014, aided the senator and his other company, Golden Touch Construction Project Limited, to commit money laundering offence.

The offences, according to the prosecution, are contrary to Sections 15(2)(d) and 18 (a) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) and 15(2)(d) of the same Act. 

The accused had pleaded not guilty to the charges.

After granting the senator bail, his trial was adjourned till June 13 and 20, this year.

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