Skip to content
August 15, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Alleged N400m fraud: EFCC to re-arraign Olisa Metuh May 30
  • National News

Alleged N400m fraud: EFCC to re-arraign Olisa Metuh May 30

Admin April 11, 2022
Olisa Metuh

Olisa Metuh

April 11, 2022

The Economic and Financial Crimes Commission (EFCC) will, on May 30, re-arraign former National Publicity Secretary of Peoples Democratic Party (PDP), Chief Olisa Metuh, on allegations bordering on N400 million fraud.

Metuh is expected to be re-arraigned before Justice Emeka Nwite of a Federal High Court (FHC), Abuja.

On Monday from Court 8, where Justice Nwite presides, that hearing notices had already been issued, though it could not confirm if counsel to the parties had been communicated.

On Feb. 15 that the retrial of the ex-PDP spokesman had been reassigned to Nwite, the new judge in the Abuja division.

Prior to the reassignment, the matter was before a sister judge, Obiora Egwuatu.

The matter was assigned to Justice Egwuatu last year following his transfer to Abuja division of the court.

Egwatu had fixed Oct. 14, 2021, for Metuh’s re-arraignment after the Court of Appeal’s decision which nullified the trial court’s judgment.

But on the adjourned date, the judge was not in court.

He was said to have gone for the judges’ seminar in Lagos State.

The court, therefore, fixed Feb. 15 for the former PDP spokesman’s retrial.

The matter was expected to take place showed that the case between the Federal Government and Metuh was not on the cause list.

The matter, which was yet to commence before Egwuatu, had been reassigned to Justice Nwite, who was recently transferred to Abuja division after the retirement of Justice Anwuli Chikere.

It was, however, gathered at Court 8, the chamber of Nwite, that the deputy chief registrar of FHC had informed that many case files be transferred to Nwite’s court, including Metuh’s matter.

The Court of Appeal, Abuja had, on Dec. 16, 2020, nullified a Federal High Court judgement that convicted and sentenced Metuh to seven years imprisonment for money laundering.

In a unanimous decision, a three-man panel of Justices of the appellate court held that the judgment of the trial judge, Okon Abang, delivered against Metuh on Feb. 25, 2020, was tainted with bias.

The appellate court held that Abang had by disparaging remarks he made in the judgement betrayed his premeditated mindset against the defendant (Metuh) whom he accused of writing various petitions against him.
According to Justice Stephen Adah who delivered the lead verdict of the appellate court, allowing the trial court’s verdict to stand “will set a dangerous precedent.”

Consequently, it voided the conviction and sentence that was handed to Metuh and his firm, Destra Investment Limited, and remitted the case file back to the high court for a re-trial by another judge.

Metuh was jailed over an allegation that he received the sum of N400 million from the former National Security Adviser, Col. (retd.) Sambo Dasuki, prior to the 2015 presidential election, without contract approval or execution.
His earlier conviction followed a seven-count charge that was preferred against him and his firm by the EFCC. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Chief Olisa Metuh Destra Investment Limited EFCC Emeka Nwite Justice Anwuli Chikere Okon Abang PDP Sambo Dasuki

Post navigation

Previous Alleged extrajudicial killing: Police begin probe in Osogbo
Next Between Okowa and Ibori: Fallacies and Fiction, by Onome Umukoro

Related Stories

Tinubu Signs Landmark Bill: Nigerian Shippers’ Council Transformed into Full Port Economic Regulator
  • National News

Tinubu Signs Landmark Bill: Nigerian Shippers’ Council Transformed into Full Port Economic Regulator

August 14, 2026
Kebbi: Sharia court remands 29-year-old for alleged desecration of Holy Qur’an schools
  • National News

Kebbi: Sharia court remands 29-year-old for alleged desecration of Holy Qur’an

August 14, 2026
737,073 displaced in Northwest, 74% lack shelter – IOM federal government
  • National News

737,073 displaced in Northwest, 74% lack shelter – IOM

August 14, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

NPFL–Murphy Ben International Deal: Meet The YouTube Powerhouse Behind The Partnership
  • Sports

NPFL–Murphy Ben International Deal: Meet The YouTube Powerhouse Behind The Partnership

August 15, 2026
Oil climbs over $1 on tanker attacks, no progress on peace reserves crude oil
  • Business & Economy

Oil climbs over $1 on tanker attacks, no progress on peace

August 14, 2026
Tinubu Signs Landmark Bill: Nigerian Shippers’ Council Transformed into Full Port Economic Regulator
  • National News

Tinubu Signs Landmark Bill: Nigerian Shippers’ Council Transformed into Full Port Economic Regulator

August 14, 2026
NUPRC Proposes Domestic Crude & Gas Swap to Boost Supply, Cut Costs PIA
  • Business & Economy

NUPRC Proposes Domestic Crude & Gas Swap to Boost Supply, Cut Costs

August 14, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.