N7.6 Billion Fraud: Kalu Sentenced To 12 Years Imprisonment, To Forfeit Slok To FG

A Federal High Court in Lagos on Thursday sentenced a former Governor of Abia, Orji Kalu, to 12 years’ imprisonment for N7.2 billion fraud and money laundering.

The court convicted Kalu,  now a senator and the Cheif Whip of the Senate,  on all the 39 counts preferred against him by the Economic and Financial Crimes  Commission charge.

Kalu was charged alongside a former Commissioner for Finance, in the state Jones Udeogo, and his company, Slok Nig. Ltd.

While Kalu and his company were found guilty of all the 39 counts,  Udeogo was convicted on 34 counts and sentenced to 10 years’ imprisonment.

The court ordered that the Slok Nig. Ltd. Should  be wound up and its assets forfeited to the Federal Government
The fraud allegations flowed from his time as governor of Abia State between 1999 and 2007.

Kalu was elected governor on the platform of the Peoples Democratic Party, PDP but subsequently defected to the Progressive Peoples Alliance, PPA.

He was, however, elected to the Senate on the platform of the All Progressives Congress, APC and he is presently the chief whip of the Senate.

The charges flowed from the time when fellow party member, Mallam Nuhu Ribadu, was chairman of the Economic and Financial Crimes Commission, EFCC.

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