Update: Court sentences Olisa Metuh to seven years imprisonment

The Federal High Court in Abuja on Tuesday sentenced former National Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh, to seven years imprisonment having found him guilty of N400 million money laundering.

Justice Okon Abang delivering judgement on Tuesday on seven count charges of money laundering and criminal diversion of funds in the sum of N400 million found Metuh guilty and convicted after four years of protracted prosecution.

Justice Abang in his judgement, sentenced Metuh to seven years imprisonment in respect to Counts One to Three.

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On Count Four, the presiding Judge sentenced Metuh to five years imprisonment, giving another seven, three and seven years for Counts Five, Six, and Seven years, respectively.

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

The trial judge 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.

The charges were filed against Metuh and his company, Destra Investment, by the Economic and Financial Crimes Commission (EFCC).