Orji Kalu is being sentenced after being found guilty of engaging in fraud to the tune of N7.2 billion naira.
Mr Kalu’s co-defendants are his firm, Slok Nigeria Limited and Mr Udeh Udeogu, who was Director of Finance and Accounts at the Abia State Government House during Kalu’s tenure as governor.
In an amended 39 counts, the EFCC accused them of conspiring and diverting N7.65bn from the coffers of the state.
In one of the counts, the EFCC alleged that Mr Kalu, who was Abia State Governor between 1999 and 2007, procured Slok Nigeria Limited – a company solely owned by him and members of his family – to retain its account, domiciled with the then Inland Bank Plc, Apapa branch, Lagos, an aggregate sum of N7,197,871,208.7
The prosecution claimed that the sum N7.1bn formed part of the funds illegally derived from the treasury of the Abia State Government and therefore violating Section 17(c) of the Money Laundering (Prohibition) Act, 2004, liable to be punished under Section 16 of the same Act.
Apart from the N7.1bn, the ex-governor and the other defendants were also accused of receiving a total of N460million allegedly stolen from the Abia State Government treasury between July and December 2002.
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