News, Politics

Senator Nwaoboshi In Money Laundering Mess

Senator Peter Nwaoboshi is in hot soup as insiders at the Economic and Financial Crimes Commission (EFCC) revealed that the agency is investigating him and his brother, Augustine Nwaoboshi over N2.1 billion contracts mess.

Our sources disclosed that: “The Delta State Government awarded contracts to the suspect’s company, Bilderberg Enterprises Limited, in the sum of N1,580,000,000 and N474,936,000 to supply new construction and waste management equipment to the Delta State Direct Labour Agency and Delta State Waste Management Board respectively. The company supplied used equipment contrary to the Bill of Quantity. Property in Lagos, Delta.”

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“The senator also laundered the proceeds of alleged criminal activity to acquire property in Delta State and Lagos. Among the property acquired from proceeds of the fraud is a 12-storey building at Apapa in Lagos belonging to Delta State government which Nwaoboshi bought for N805,000,000. The property was acquired through one of his companies, Golden Touch Construction Project Limited. The suspect also allegedly bought a warehouse at Apapa Wharf, Lagos for N800,000,000.”

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The anti-graft agency said it found a more ‘startling finding’ against Nwaoboshi, saying his Bank Verification Number, BVN, is linked to 23 other bank accounts which he did not disclose in his assets declaration record with the Code of Conduct Bureau as well as the fact that his younger brother, Augustine Nwaoboshi, is the sole signatory to some of the accounts.

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“We will charge the two brothers to court as soon as we conclude interrogating them because this is a clear case of money laundering.”