Former NAICOM Boss Bags 15yrs Imprisonment Over N10.4m Fraud

A former Commissioner of the National Insurance Commission, NAICOM, Chief Okechikwu Chukwulozie,  on Thursday, bagged 15 years imprisonment from an Abuja High Court over N10.4m fraud.

Chukwulozie arraigned by the Independent Corrupt Practices and Other Related Offences Commission, (ICPC), on a five-count charge for using private interest to furnish his official residence and demanding for a percentage in a contract he awarded has been moved to Kuje Prison in Abuja.

A statement by the commission’s Head of Media and Events, Mr. Folu Olamiti, said the convict was in 2007, with his wife, Angela, and a former Deputy Commissioner in charge of Finance and Administration, Adedolapo Ogungbe, were charged to court over  N10.4 million fraud.
In his judgment, Justice Mudashiru Oniyangi said the court convicted and sentenced Chukwulozie to three years on each of the five counts, without an option of fine, which will run concurrently.
Oniyangi held that the ICPC had proved all the ingredients of Section 19 of the ICPC Act against him.

He said, “The ICPC has proved beyond reasonable doubt that a commissioner of NICON, 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.