Political Economist

Top Menu

  • Home
  • About us
  • Contact us

Main Menu

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • Home
  • About us
  • Contact us

logo



Political Economist

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • LAGOS DISSOLVES BOARDS OF STATE SPORTS ASSOCIATIONS 

  • Power transmission hits peak of 5,615.40MW; no improvement in supply – consumers

  • Oil industry losing investments to non-passage of PIB – Okowa

  • Osinbajo commends UBA, First Bank, Sterling, Fidelity Bank for leading off-grid financing in Nigeria

  • New Dawn as Sarki Auwalu Stirs Transparency at DPR

Breaking News
Home›Breaking News›Orji Kalu bags 12 years jail term for N7.2 billion fraud

Orji Kalu bags 12 years jail term for N7.2 billion fraud

By Admin
December 5, 2019
362
0
Money Laundering

Orji Uzor Kalu

A Federal High Court in Lagos on Thursday sentenced a former Governor of Abia, Orji Kalu, to 12 years’ imprisonment for N7.2 billion fraud and money laundering.

The court convicted Kalu,  now a senator,  on all the 39 counts preferred against him by the Economic and Financial Crimes  Commission.

Kalu was charged alongside a former Commissioner for Finance, in the state Jones Udeogo, and his company, Slok Nig. Ltd.

While Kalu and his company were found guilty of all the 39 counts,  Udeogo was convicted on 34 counts and sentenced to 10 years’ imprisonment.

The court ordered that the Slok Nig. Ltd. Should  be wound up and its assets forfeited to the Federal Government.

Apart from the N7.1billion, the ex-governor and the other defendants were also accused of receiving a total of N460million allegedly stolen from the Abia State Government treasury between July and December 2002.

The prosecutor said they breached Section 427 of the Criminal Code Act, Cap 77, Laws of the Federation of Nigeria, 1990.

The defendants pleaded not guilty to all counts.

During the trial, the prosecution called 19 witnesses while the defendants testified on behalf of themselves.

TagsEFCCJones UdeogoOrji Uzor KaluSlok Nig. Ltd
Previous Article

WHO says Nigeria recorded highest rate of ...

Next Article

Release Sowore within 24 hours, court orders ...

Related articles More from author

  • Local News

    Kalu’s alleged N3.2bn fraud : Witness reels off debit transactions from Abia Govt House account

    March 28, 2018
    By Admin
  • EFCC
    Local News

    Senate to screen new EFCC boss in plenary, no date fixed

    February 16, 2021
    By Admin
  • Local News

    Senate Urges Buhari to Sign the FAB to Strengthen the Fight Against Corruption

    March 28, 2019
    By Admin
  • Tinubu and Alpha Beta Consulting
    Breaking NewsLocal News

    Alleged N100bn tax scam: EFCC to revisit petition against Tinubu, Alpha Beta

    July 24, 2020
    By Admin
  • Local News

    I will support you to ensure your victory as Rep. speaker- Kalu promises Gbajabiamila

    June 3, 2019
    By Admin
  • Pension scandal
    Business & Economy

    How FCMB aided pension scam; opened 555 accounts for one person – Witness

    March 1, 2021
    By Admin

You may be interested

  • Republic of Benin
    Local News

    Xenophobia: Minister lauds Air peace for successful evacuation of 1st batch of Nigerians 

  • Local News

    Nigerian embassy in Washington berates American organisation over “false” claims against the FG at its event

  • Local News

    Police confirm two killed in Kogi bye-election

logo

Political Economist is a liberal news magazine with global affiliations.

We promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists...

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com
  • Recent

  • Popular

  • Comments

  • Fiancee

    Don’t maintain relations with a “murderer” – Khashoggi’s fiancée tells world leaders after crown prince ...

    By Admin
    March 5, 2021
  • sports

    LAGOS DISSOLVES BOARDS OF STATE SPORTS ASSOCIATIONS 

    By Admin
    March 5, 2021
  • vaccine

    COVID-19 Vaccines Are More Than Enough To Go Round – Health Minister

    By Admin
    March 5, 2021
  • ICPC

    Nigeria accounts for 20% of Africa’s Illicit Financial Flows losses – ICPC

    By Admin
    March 5, 2021
  • Jonathan Sacks IGP Abba, Appoints Arase

    By Admin
    April 21, 2015
  • Zinox iPower Inverter Claws to Market Dominance

    By Admin
    November 24, 2014
  • Police foil another suicide bomb attempt in Borno, kill three bombers

    By Admin
    April 24, 2017
  • Your Kidney is Your Life, Watch Your Lifestyle, Counsels Dr. Amira

    By Admin
    February 27, 2015
  • Justopec
    on
    April 24, 2017

    Police foil another suicide bomb attempt in Borno, kill three bombers

    Good one for the ...
  • Justice Shedrack
    on
    April 24, 2017

    Police foil another suicide bomb attempt in Borno, kill three bombers

    Nice
  • Anonymouse
    on
    February 8, 2017

    Qatar Airways makes history, completes first longest non-stop flight of 16 hours from Doha to New ...

    This is nice...
  • Justice Shedrack
    on
    January 19, 2017

    Confusion in Gambia, Jammeh stays put, Barrow to be sworn in at Gambia embassy in Senegal

    Na wa ooooo

Find us on Facebook

Follow us

  • Home
  • About us
  • Contact us
  • Privacy Policy
© Copyright Political Economist. All rights reserved.