Sen. Peter Nwaoboshi…… PHOTO: Premium timesThe Federal High Court in Lagos on Wednesday ordered the remand of Senator Peter Nwaboshi in Ikoyi Prison.The remand order follows the arraignment of the senator by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud.Senator Nwaboshi, the lawmaker representing Delta North district at the National Assembly, was arraigned by the anti-graft agency on Wednesday on two counts of alleged fraud.After listening to the arguments for and against his bail application, Justice Mohammed Idris ordered that the lawmaker be remanded in prison till Friday when a ruling would be given on whether or not to admit him to bail.Counsel to Senator Nwaboshi had asked the court to grant his client bail on self-recognisance, but the EFCC opposed the bail application.The anti-corruption agency informed the court that there were still pending charges against the lawmaker.Senator Nwaboshi is being arraigned over the purchase of a property identified as Guinea House located on Marine Road, Apapa-Lagos.The EFCC alleged that the money used to acquire the property by the senator formed part of the proceeds of an unlawful act of fraud.The accused is being charged alongside Golden Touch Construction Projects Limited and Suiming Electricals Nigeria Limited.One of the counts read, “That you Peter Nwaboshi and Golden Touch Construction Projects Limited between May and June 2014 within the jurisdiction of the court did acquire a property described as Guinea House, Marine Road, Apapa-Lagos for the sum of N805million when you reasonably ought to have known that the sum of N322million out of the purchase price transferred to the vendors by order of Suiming Electricals Limited formed part of the proceeds of an unlawful act of fraud and you thereby committed an offender contrary to Section 15 (2) (d) of the Money Laundering Prohibition (Act) of 2011 (as amended) and punishable under Section 15 (3) of the same Act.”-Channels tv