Kalu was convicted alongside his firm, Slok Nigeria Limited and his former Abia State director of finance, Ude Udeogu.
The court also ordered forfeiture of all assets of his company to the federal government.
Justice Mohammed Idris, who delivered the sentence, had earlier declared him guilty of the charge in the case that had been on for 12 years.
In an amended 39-counts-charge, they were accused by the Economic and Financial Crimes Commission (EFCC) of conspiring and diverting over N7 billion from the coffers of the state.
In one of the counts, the EFCC alleged that Kalu “did procure Slok Nigeria Limited – a company solely owned by you and members of your family – to retain in its account, domiciled with the then Inland Bank Plc, Apapa branch, Lagos, an aggregate sum of N7,197,871,208.7 on your behalf.”
On public opinions so far, some persons are claiming that he was set up, but some others feels that he received exactly what we deserves.More updates soon.
Compiled by Knight Fredel
Wonder Planet Newspaper