Seven years imprisonment has been hung on the neck of former National Publicity Secretary of the Peoples Democratic Party, PDP, Chief Olisa Metuh.
Justice Okon Abang of the Federal High Court in Abuja handed the jail term to Metuh after finding him guilty of the charges prefered against him.
The court also ordered Metuh to pay a total sum of N375million to the coffers of the Federal Government.
Justice Abang directed that his firm, Destra Investment Ltd, should be wound up with all funds standing to its credit forfeited to the government.
Court
Metuh and his firm were convicted on all the seven-count money laundering charges the Economic and Financial Crimes Commission, EFCC, preferred against them.
The court found them guilty of unlawfully receiving N400million from the Office of the National Security Adviser, ONSA, before the 2015 presidential election, without contract approval or execution.
Metuh was also convicted for involving in an illicit transaction that involved the exchange of $2million in violation of existing financial regulations.
While he was sentenced to seven years on counts 1, 2, 4, and 7 of the charge, the count handed him five years on count 3, three years on count 5, and 6.
The firm was ordered to pay N25m with respect to both counts 5 and 6 of the charge.
The court held that the sentence would run concurrently starting from today.
