…Federal Govt. Confiscates Slok’s Assets
A Federal High Court sitting in Lagos, South West Nigeria, today, Thursday December 5, 2019, sentenced a former Governor of Abia, State, Mr. Orji Kalu, to 12 years’ imprisonment for N7.2 billion fraud and money laundering. The court convicted Kalu, now a Senator of the Federal Republic of Nigeria on all the 39 counts preferred against him by the Economic and Financial Crimes Commission, EFCC.
Kalu was charged alongside a former Commissioner for Finance in the state, Mr. Jones Udeogo, and his company, Slok Nigeria Limited.
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 Slok Nigeria Limited should be wound up and her assets forfeited to the Federal Government.