Orji Uzor Kalu sentenced to 12 years imprisonment
Sen. Orki Uzor Kalu was sentenced to 12 years imprisonment after he was found guilty of N7.65 billion fraud.
Presiding over the case, Justice Idris Mohammed of the federal high court in Lagos found Kalu and his co-defendants guilty.
Justice Mohammed sentenced the defendants to 12 years imprisonment.
The former Governor and Senator of Abia state and his firm, Slok Nigeria limited and Udeh Udeogu was accused of laundering N7.65 billion state money between 1999 and 2007.
The Economic and financial crime commisision 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.
Senator Kalu was first arrested in 2007. He was accused of laundering N7.65 billion state money.
Orji Uzor Kalu sentenced to 12 years imprisonment – Facts 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 company in Nigeria, the Daily Sun, and the New Telegraph.
Apart from his investment in Media, Kalu also invested in Real estate, Oil and gas.
In 2007, kalu was charged on a 30 count charge, including N7.6 billion money laundering.
The EFCC alleged that he commited the offence while he was in public office
He was indicted with his former commisioner 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