N7.2bn Fraud: Kalu Jailed 12 Years, Forfeits Firm, Slok To FG

A Federal High Court, Lagos, today, convicted and sentenced a former Governor of Abia State, Senator Orji Uzor Kalu to a concurrent jail term of 12 years imprisonment over N7. 2 billion fraud.

The Economic and Financial Crimes Commission (EFCC) for 12 years, prosecuted Kalu alongside his former Commissioner for Finance, Udeh Jones  Udeogo, and his Company, Slok Nigeria Limited on the alleged offences. 

The EFCC had on October 31, 2016, made a 34 count-charge bordering on N3.2 billion fraud against the accused.

The charges were however, on July 16, 2018, subsequently amended, and the charge increased to 39 counts with the sum increased to N7.2 billion.

The convicts had each pleaded not guilty to the charges, and were granted bails. 

However, in May 2018, Justice Idris who sat as trial judge in the charge against Kalu, was elevated to the Court of Appeal.  But was granted a Fiat by the President of the Court of Appeal to continue and decide the case. 

Following accelerated hearing, Idris concluded trial of the defendants in August 2019 and adjourned the case for adoption of addresses. 

On October 22, both the prosecution and defence counsel had respectively adopted their written submissions before the court and the matter was adjourned for judgment

At the resumed for judgment today, Justice Idris who came into the court at exactly 9.10a.m. informed parties that the judgment was 288 pages.

In his judgement, Justice Idris first chronicled all counts of the charge, and found Kalu and his company guilty of all counts one to 39 of the charge. While the second defendant (Udeogo) was pronounced guilty of 34 counts of the charge.

Justice Idris sentenced Kalu as follows: “on counts one, two, three, and four, he sentenced the convict to five years imprisonment on each count, while on counts six to 11, he sentenced him to three years imprisonment each.

On counts 23 to 33 the judge sentenced Kalu to three years imprisonment on each count, while on counts 34 to 38, he sentenced him to 12 years imprisonment each.

On the last count 39, he sentenced him to five years imprisonment.

For the second convict, Udeogu, he was sentenced to three years imprisonment on counts 23 to 33, and sentenced him to 10 years imprisonment on counts 34 to 38, while he sentenced him to five years imprisonment on counts 39.

For the Company, Slok Nigeria Limited, the court ordered that it be wound up and all its assets forfeited to the Federal government.

Justice Idris held that the terms of imprisonment shall run concurrently.