A former National Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh has bagged seven-year imprisonment upon convicting him on charges of money laundering and fraud.
Justice Okon Abang, while delivering judgement at the Federal High Court in Abuja sentenced Metuh to seven-year imprisonment on counts 1, 2, 4 and 7; five-year imprisonment on count 3; and three-year in respect of counts 5 and 6.
Justice Abang directed that the sentences shall run concurrently, meaning that he would only spend the highest number of years of jail term, which is seven, in prison.
The judge ordered the winding up of Metuh’s firm, Dextra Investmen, t and ordered Metuh to pay a fine of N375m to the Federal Government.
He equally ordered Dextra Investments to pay N25m to the Federal Government. He said the accounts of Dextra in Diamond Bank and Asset Resource Management to be closed and their proceeds forfeited to the Federal Government.
Justice Abang had convicted Metuh and his firm, Dextra Investment, on all the seven counts, including the fraudulent receipt of N400m from the Office of the National Security Adviser in November 2014 and use of the money for political activities of the PDP and for his personal purposes.