Paul Usoro acquitted of 1.4b money launderig charge

The EFCC  (Economic and Financial Crimes Commission) had since had Paul Usoro in court over an alleged 1.4bn fraud - 1.4bn supposedly belonging to the Akwa Ibom State Government.

There now has been an update on the case. 

Paul Usoro of Paul Usoro & co, also a former President of the Nigeran Bar association has been acquitted of the 1.4bn fraud levelled against him by the EFCC (Economic and Financial Crimes Commission).

Justice Rilwan Aikawa on Friday made the ruling owing to the no-case submitted on Usoro. Justice Rilwan said that the decision was based on the failure of the anti-graft agency to provide any ostensible evident of the labelled charge.

The EFCC (Economic and Financial Crimes Commission) had on an earlier date asserted that Usoro connived with others in laundering the 1.4bn of the Akwa Ibom State Government. Alongside this grievous charge, the EFCC had two witnesses and supposed documents. 

The evidence presented by the EFCC was however not enough to put Usoro into defence giving that Offiong Offiong the lead of Usoro's Legal team filed instead for no-case submission. 

Usoro is thereby discharged of any allegations levelled against him by the EFCC with regards to the 1.4bn loan.

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