Mr Kalu was tried alongside his company, Slok Nigeria Limited, and Udeh Udeogu, who was Director of Finance and Accounts at the Abia State Government House during Mr Kalu’s tenure as governor.
According to TVC, Mr Kalu’s company, Slok Nigeria Ltd was ordered to be forfeited to the federal government.
The court found the second convict, his former commissioner of Finance Jonnes udeogo guilty of 34 counts counts.
In the Economic and Financial Crimes Commission, EFCC amended 39 counts charge, they were accused conspiring and diverting over N7 billion from the coffers of the state while he was in office.
In one of the counts, the EFCC alleged that Mr Kalu, who was Abia State Governor between 1999 and 2007, “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.”
The defendants had pleaded not guilty to all counts.