BREAKING: N400m Fraud: Court finds Olisa Metuh guilty

An Abuja Federal High Court, has found Olisa Metuh, former National Publicity Secretary of the Peoples Democratic Party, PDP, guilty of some of the charges levelled against him.

Justice Okon Abang found Metuh guilty of count 1, 2, 3 and 4 of the corruption charges levelled against him by the Economic and Financial Crimes Commission, EFCC.

The Judge held that Metuh, who is standing trial for alleged N400m fraud should have known that the money he received was the proceeds of crime.

EFCC had arraigned Metuh on charges for allegedly laundering the sum of N400m as PDP former spokesperson during the tenure of former President Goodluck Jonathan.
The anti-graft agency had accused Metuh of receiving the money from the Office of the National Security Adviser, NSA.
Metuh was arraigned alongside his company Destra Investment Ltd.

However, the judge held that “Olisa Metuh and Destra Investment Ltd were guilty on count 1 for taking possession and control of N400m from the Office of the National Security Adviser which he ought to know was a proceed of crime.”
”Guilty on count 2 for converting the sum of N400m to fund PDP activities and for his personal use.
Metuh and Destra Investment Ltd were also found guilty of count 3 for concealing the sum of N400m, a proceed of crime received from the ONSA.

The judge also found Metuh and his company guilty of count 4 using N400m of taxpayers money from ONSA to fund the campaign activities of PDP.
The erstwhile PDP spokesman was also found guilty of count 7 for transferring N51.7m to one Anthony Anene which was part of the N400 Million paid to his office by ONSA.