Former Commissioner of the National Insurance Commission, NAICOM, Chief Okechikwu Chukwulozie, on Thursday, was sentenced to 15 years imprisonment in an Abuja High Court over N10.4m fraud.
Consequently, the convict had been moved to Kuje Prison in the Federal Capital Territory, FCT.
He was 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.
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.
Chukwulozie was sentenced to three years on each of the five counts, without an option of fine and it will run concurrently.
Justice Mudashiru Oniyangi held that the ICPC had proved all the ingredients of Section 19 of the ICPC Act against him.
He also said: “The ICPC has proved beyond reasonable doubt that a commissioner of NICOM, Chukwulozie, demanded fifty per cent of fees paid to liquidators of Gateway Insurance Plc.