The Economic and Financial Crimes Commission (EFCC) is set to arraign Senator Peter Nwaboshi, who represents Delta North constituency.

The Commission is set to arraign the Senator at the Federal High Court sitting in Lagos tomorrow over purchase of a property described as Guinea House located on Marine Road, Apapa-Lagos.

The EFCC alleged that the money used to acquire the property by the Senator is from the part of the proceeds of an unlawful act of fraud.

The Commission had already filed a two count charge against the Senator in the two counts. He is charged alongside Golden Touch Construction Projects Limited and Suiming Electricals Nigeria Limited.

The first count says, “that you Peter Nwaboshi and Golden Touch Construction Projects Limited between May and June 2014 within the jurisdiction of the court did acquire a property described as Guinea House, Marine Road, Apapa-Lagos for the sum of N805million when you reasonably ought to have known that the sum of N322million out of the purchase price transferred to the vendors by order of Suiming Electricals Limited formed part of the proceeds of an unlawful act of fraud and you thereby committed an offender contrary to Section 15 (2) (d) of the Money Laundering Prohibition (Act) of 2011 (as amended) and punishable under Section 15 (3) of the same Act.

In the second count, “Suiming Electricals Lomited on or about 14th May 2014 within the jurisdiction of the court, aided Hon Peter Nwaboshi and Golden Touch Construction Projects Ltd to commit money laundering and you thereby committed an offence contrary to Section 18(a) of the Money Laundering Prohibition (Act) of 2011 (as amended) and punishable under Section 15 (3) read in conjunction with Section 15 (2) (d) of the same Act.

As at the time of this report, the Senator is still in the custody of the EFCC and would be brought by officials of the commission to the court tomorrow for his arraignment before Justice Mohammed Idris of the Federal High Court, Lagos.