The former governor of Abia State, Orji Uzor Kalu, has been sentenced to 12 years’ imprisonment by Justice Mohammed Idris of a Federal High Court in Lagos over N7.65billion fraud.
In 39 counts, the EFCC accused Mr Kalu and others for conspiring and diverting N7.65bn from the coffers of the state.
In one of the counts, the EFCC said Mr Kalu, procured Slok Nigeria Limited, a company solely owned by him and members of his family to retain its account, domiciled with the then Inland Bank Plc, Apapa branch, Lagos, an aggregate sum of N7,197,871,208.7
The prosecution claimed that the sum N7.1billion formed part of the funds illegally derived from the treasury of the Abia State Government and therefore violating Section 17(c) of the Money Laundering (Prohibition) Act, 2004, liable to be punished under Section 16 of the same Act.
Apart from the N7.1billion, the ex-governor and the other defendants were also accused of receiving a total of N460million allegedly stolen from the Abia State Government treasury between July and December 2002.
The prosecutor said they breached Section 427 of the Criminal Code Act, Cap 77, Laws of the Federation of Nigeria, 1990.