Primary school teacher, others forfeit N120m, cars to federal government, #Primary #school #teacher #forfeit #N120m #cars OLASMEDIA TV NEWSThis is what we have for you today:
A federal high court in Abuja has ordered the final confiscation to the federal government of N120 million, traced to an elementary school teacher, Ms. Roseline Egbuha, and her accomplices, by the Independent Corrupt Practices and Other Related Offenses Commission (ICPC).
A statement released by the commission says the money forfeited, as well as the cars, are part of the N540 million proceeds of crime traced to Ms Egbuha, a teacher of Ozala Primary School, Abagana, Anambra State.
The teacher who had a monthly salary of N76,000 at the time of her arrest in 2020 by ICPC had N.540 million in her bank account at Guaranty Trust Bank.
Further investigation by ICPC revealed its alleged complicity in money laundering, prompting the Commission to place a Post-No-Debit (PND) on the account.
However, the PND was lifted by Egbuha and her accomplices with a court order from a federal high court, Abuja, and the money was immediately split and transferred to multiple bank accounts owned by Bureau de Change operators and individuals.
The accomplices – one James Erebouye, Emon Okune, Chisom Iwueke, Alonge Ojo, Maureen Chidimma, Owoyemi Mayowa and Ejeaka Ifeoma, including two private companies, were brought to court by the Commission for involvement in fraudulent activities and storing crime proceeds .” statement reads
ICPC counsel, Adesina Raheem, alleged in an expart motion filed with Justice DU Okorowo in 2021 that the funds were proceeds of illegal activities deposited by Egbuha and her associates in six new-generation banks. He prayed that the court would order the federal government to permanently confiscate the money and cars.
Judge Okorowo, after presenting counsel’s arguments to the ICPC and the respondents, ruled that funds found in seven individual bank accounts and those of two private companies and the items should be forfeited to the federal government.
The forfeiture includes N30.8 million in a Polaris bank account of Dorason Construction Ltd, N17.4 million traced to a Sterling bank account of James Erebouye and N16.4 million found in the Zenith bank account of Dybako and Sons Nig Ltd.
Another accomplice, Ojo Alonge, will also forfeit to the federal government, N14.1 million traced to two separate accounts at First Bank and Ecobank, respectively. Owoyemi Mayowa for its part forfeited N7.1 million held in Zenith Bank.
Further, the final forfeiture includes the sum of N8.2 million, N9.7 million, N6.5 million and N122,100 held in different bank accounts by Emon Okune, Chisom Iwueke, Maureen Chidimma and Ejeaka Ifeoma, respectively.
Other items forfeited by respondents include a Toyota Lexus and Venza SUVs.