N 10.4 m Fraud: NAICOM Insurance Commissioner Bags 15 Years in Jail

Chief  Okechukwu Chukwulozie, a former Commissioner of the National Insurance Commission(NAICOM), on Wednesday began his journey to Kuje Prison in Abuja to serve  15 years  over N10.4 million fraud.

He was convicted last Wednesday at an Abuja High Court on 5  counts charge for using private interest to furnish his official residence and demanding for a percentage  in a contract he awarded.

The Independent Corrupt Practices and Other Related Offences Commission(ICPC),in 2007 jointly charged Chukwulozie, his wife, Angela; and a former Deputy Commissioner in charge of Finance and Administration, Adedolapo Ogungbe to court the  N10.4 million fraud without option of fine.

ICPC's Arrest 1. (1)It was on Wednesday that Chief Chukwulozie began his journey to Kuje prison from ICPC detention cell as it was late to convey him to Kuje after securing his conviction papers.

Delivering judgment, Justice Mudashiru Oniyangi, said that the court sentenced Chukwulozie to three years on each of the
five counts he is convicted for and it will run concurrently.

Oniyangi held that the ICPC had proved all the ingredients of Section 19 of the ICPC Act against him.

“The ICPC has proved beyond reasonable doubt that a commissioner of NAICOM, Chukwulozie, demanded fifty per cent of fees paid to liquidators of Gateway Insurance Plc.

“Beyond reasonable doubt is the standard of evidence required to validate a criminal conviction. Generally the prosecution
bears the burden of proof and is required to prove their case.

“The prosecution has presented to court evidence to support its charges against the convict.

“In this case, they have done so. The court hereby sentences you to three years each on each of the five counts level against you, which will run concurrently.

However,Justice Oniyangi  held that the ICPC had failed to prove its case against the secondICPC's Arrest 2 (Angela) and third accused (Ogungbe) persons.

“The court discharges the second and third accused persons charged with aiding and abetting the crime.

Author: NewsAdmin

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