EFCC takes over Orji Uzor Kalu’s Properties

The Economic and Financial Crime Commission has taken over properties linked to former Abia State governor, Orji Uzor Kalu.

Sen. Orji Uzor Kalu was sentenced to 12 years imprisonment after he was found guilty of N7.65 billion fraud.

Presiding over the case, Justice Idris Muhammed of the federal high court in Lagos found Kalu and his co-defendants guilty.

Uzor Kalu and his firm, Slok Nigeria Limited and Udeh Udeogu, were accused of laundering N7.65 billion state money between 1999 and 2007.

EFCC alleged that Senator Kalu, his company, and Udeogu converting money from Abia state treasury into several bank drafts before it was diverted into Slok Nigeria limited bank account.

EFCC takes over Orji Uzor Kalu’s Properties – More about Orji Kalu 

Kalu is an entrepreneur and politician; he was the governor of Abia state from 1999 to 2007.

He is the chairman of two media companies in Nigeria, the Daily Sun, and the New Telegraph.

Apart from his investment in Media, Kalu also invested in Real estate, Oil and gas.

READ ALSO: Tribunal sacked Orji Kalu as Abia North Senator

In 2007, Kalu was charged on a 30 count charge, including N7.6 billion money laundering.

The EFCC alleged that he committed the offense while he was in public office

He was indicted with his former commissioner of Finance, Ude Udeogo, and Slok Nigeria Limited.

Kalu was on Forbes 2015 Africa’s 50 richest. According to the list, The 59-year-Old net worth was $330 million

Meanwhile, in 2014, Forbes listed Kalu’s net-worth as $1billion

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