Court Jails Orient Petroleum MD Nnaemeka Nwawka 14 Years for N25billion Fraud

Nnaemeka Nwawka

By JUMOKE SANNI

Justice O. M. Anyachebelu of the Anambra State High Court sitting in Awka has convicted and sentenced Engineer Nnaemeka Nwawka, managing director, Orient Petroleum Resources Plc, and Sage Nebefeife Foundation to fourteen years imprisonment each for stealing, conversion and gratification to the tune of N25billion.

They were jailed after being found guilty of ten-count charges bordering on stealing, conversion and gratification.

Count one of the charges reads: “That you NNAEMEKA NWAWKA, JUDE ANNIEKWE CYRIL and THE REGISTERED TRUSTEES OF SAGE NEBEIFE FOUNDATION sometimes between 23rd April to 21st December, 2012 in Anambra State within the jurisdiction of this Honourable Court fraudulently converted to your personal use the aggregate sum of N82,856,934 (Eighty Two Million, Eight Hundred and Fifty Six Thousand, Nine Hundred and Thirty Four Naira) only which sum was transferred from Vhelbherg International Limited company account domiciled in Standard Chartered Bank account No. 0000777216 into the account of Sage Nebeife Foundation Domiciled in First Bank account No. 2017452111.”

Count two reads:

“That you NNAEMEKA NWAWKA, JUDE ANNIEKWE CYRIL and THE REGISTERED TRUSTEES OF SAGE NEBEIFE FOUNDATION sometimes between 8th January to 24th May, 2013 in Anambra State within the jurisdiction of this Honourable Court fraudulently converted to your personal use the aggregate sum of N29,620,733 (Twenty Nine Million, Six Hundred and Twenty Thousand, Seven Hundred and Thirty Three Naira) only which sum was transferred from Vhelbherg International Limited company account domiciled in Standard Chartered Bank account No. 0000777216 into the account of Sage Nebeife Foundation Domiciled in First Bank account No. 2017452111”