Nigeria News

SEC Estacodes: Appeal Court Discharges, Acquits Azubuogu

The Abuja Division of the Court of Appeal has discharged and acquitted the Vice Chairman of the House of Representatives Committee on Capital Market, Hon. Chris Emeka Azubuogu over allegations that he dishonestly converted the sum of $4,095 given to him by the Securities and Exchange Commission for a conference in the Dominican Republic.
 
The court, in a lead judgement read by Justice Amiru Sanusi, held that the Abuja High Court which had held that azubogu had a case to answer, erred in law when it dismissed his no-case submission after the respondent (the Economic and Financial Crimes Commission) had failed to prove the essential elements of the offence of dishonest conversion.
 
Azubogu had consistently maintained that he did not do anything wrong and that the  Director General of SEC, Aruma Oteh was merely using the EFCC to harass and persecute him because she was being investigated by his  committee.

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