Nigeria News

Metuh jailed 7 years for N400m fraud

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

He was convicted by Justice Okon Abang on all seven counts filed against him the Economic and Financial Crimes Commission, EFCC.

Metuh was jailed for 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).

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.

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

He 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.

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