A Federal High Court in Abuja has sentenced a former National Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh to seven-year imprisonment upon convicting him on charges of money laundering and fraud.
Justice Okon Abang delivering judgment at the proceedings which lasted over six hours convicted Metuh on all the seven counts, including the fraudulent receipt of N400m from the Office of the National Security Adviser in November 2014 and use of the money for political activities of the PDP and for his personal purposes.
The court also convicted Metuh for transacting with a cash sum of $2m without going through a financial institution.
The judge agreed with the Economic and Financial Crimes Commission successfully proved that the transaction violated the anti-money laundering law which pegs the maximum cash transaction an individual undertake outside a financial institution at N5m.
He imposed sentenced Metuh to 7 years imprisonment for counts 1, 2, 4 and 7, five years imprisonment in respect of count 3, and three years in respect of counts 5 and 6.
He, however, ruled that the sentences shall run concurrently which implied that he would only spend the highest number of years of jail term, which is seven, in prison.
The judge also directed Metuh to pay a fine of N375m to the Federal Government.
He also ordered Destra Investments to pay N25m to the Federal Government.
He ordered the accounts of Destra in Diamond Bank and Asset Resource Management to be closed and their proceeds forfeited to the Federal Government.