Skip to content
July 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 N7.65bn Fraud: Orji Kalu to know fate in December
  • National News

Alleged N7.65bn Fraud: Orji Kalu to know fate in December

Admin October 22, 2019

Judicial symbol

 

 

The Federal High Court Sitting in Lagos is set to deliver judgment in an alleged fraud case of N7.65 billion against a former governor of Abia State, Orji Uzor Kalu, and two others.

In a ruling on Tuesday, Justice Mohammed Idris fixed December 2 for judgment after parties in the case adopted their written addresses and made their final arguments, 12 years after trial initially commenced.

In its final arguments, the prosecuting counsel for the Economic and Financial Crimes Commission (EFCC), Mr Rotimi Jacobs, asked the judge to jail the defendants as the prosecution had proved the allegations against them.

Jacobs, a Senior Advocate of Nigeria (SAN), also told the court that contrary to Senator Kalu’s statement that Abia did not have as much as N7 billion during his administration, information from the Office of the Accountant General of the Federation revealed that total allocation to the state when the lawmaker was governor was N137 billion.

The defence counsels, on their part, asked the court to dismiss the charges, acquit and discharge their clients.

They insisted that the prosecution failed to prove its case against them.

After listening to all the parties, Justice Idris fixed December 2 for judgment.

Senator Kalu, his company, Slok Nigeria Limited, and Udeh Udeogu, who was Director of Finance and Accounts at the Abia State Government House during Kalu’s tenure as governor, are standing trial on an amended 39-count brought against them by the EFCC.

The anti-graft agency accused them of conspiring and diverting N7.65 billion from the coffers of the state.

In one of the counts, the EFCC alleged that Kalu, who was Abia State Governor between 1999 and 2007, “did procure Slok Nigeria Limited – a company solely owned by you and members of your family – to retain in its account, domiciled with the then Inland Bank Plc, Apapa branch, Lagos, an aggregate sum of N7,197,871,208.7 on your behalf.”

The prosecution claimed that the money “formed part of the funds illegally derived from the treasury of the Abia State Government and which was converted into several bank drafts before they were paid into the said company’s account.”

Mr Jacobs said the offences were contrary to Section 17(c) of the Money Laundering (Prohibition) Act, 2004, and punishable under Section 16 of the same Act.

Apart from the N7.1bn, which he was accused of laundering, the former governor and the other defendants were also accused of receiving a total of N460 million 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.

However, the defendants all pleaded not guilty.

In an attempt to prove the allegations, the prosecution called a total of 19 witnesses while the defendants testified on behalf of themselves.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: EFCC Mohammed Idris Orji Uzor Kalu Slok Nig. Ltd Udeh Udeogu

Post navigation

Previous APC, PDP bicker over call for gov. Ishaku’s impeachment
Next Police arrest suspect in Nigeria’s first ever Bitcoin ransom kidnap, $15,000 paid

Related Stories

Apapa Customs intercepts N26.5bn Cannabis Indica concealed in vehicles federal republic of nigeria
  • National News

Apapa Customs intercepts N26.5bn Cannabis Indica concealed in vehicles

July 14, 2026
Reps rescinds state police bill, passes revised proposal for 2nd reading House of Representatives
  • National News

Reps rescinds state police bill, passes revised proposal for 2nd reading

July 14, 2026
Alleged fake agency: Judge issues arrest warrant against Adeniyi Adeyemi FG vs ASUU
  • National News

Alleged fake agency: Judge issues arrest warrant against Adeniyi Adeyemi

July 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

Apapa Customs intercepts N26.5bn Cannabis Indica concealed in vehicles federal republic of nigeria
  • National News

Apapa Customs intercepts N26.5bn Cannabis Indica concealed in vehicles

July 14, 2026
PenCom Mandates 48-Hour Pension Approvals as Assets Surge to N31.5 Trillion Pension Compliance Certificate
  • Business & Economy

PenCom Mandates 48-Hour Pension Approvals as Assets Surge to N31.5 Trillion

July 14, 2026
N27bn Alleged Fraud: Court Clears Ex-Taraba Gov Darius Ishaku for Medical Trip in UAE Federal High Court
  • Crime and Justice

N27bn Alleged Fraud: Court Clears Ex-Taraba Gov Darius Ishaku for Medical Trip in UAE

July 14, 2026
Police uncovers syndicate linked to N1bn vehicle fraud in Lagos Police
  • Metro News

Police uncovers syndicate linked to N1bn vehicle fraud in Lagos

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