Connect with us

Headlines

ICPC secures forfeiture of N110.4m traced to primary school teacher, others

Published

on

ICPC secures forfeiture of N110.4m traced to primary school teacher, others

The Independent Commission on Corrupt Practices and Other Related Crimes, ICPC, says it has secured the seizure of N110.4 million traced to the bank accounts of James Erebuoye and seven other suspects, including an elementary school teacher, Roseline Uche Egbuha.

Ms. Egbuha, who teaches at Ozala Primary School, Abagana, Anambra State, was arrested in June 2020 by the Commission for the alleged laundering of N550 million.

Issuing a statement Thursday, CIPC spokeswoman Azuka Ogugua said the court order followed an ex parte motion filed by Raheem Adesina on behalf of the CIPC before Judge D. Okorowa of the Federal High Court in Abuja.

The statement read: “The commission seized the property of Erebuoye and his accomplices, who allegedly benefited from more than N500 million illicit funds hidden in the account of an elementary school teacher, Roseline Uche Egbuha.

“The money to be lost includes N17.4 million that was transferred to Erebuoye’s bank account, N14.2 million to an account owned by Ojo Alonge, N16.4 million to a company called DY Bako and Sons Limited and N30. 8 million to another company known as Dorason Construction Limited.

“The provisional confiscation order also covers the amounts of N7.1 million linked to an account owned by Owoyemi Mayowa, N8.2 million and N6.5 million linked to the bank accounts of Emon Aje Okune and Maureen Chidinma, respectively.”

Short Link: https://wp.me/pcj2iU-3GPr

NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. We are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and we strive diligently to ascertain the truth in every news report. Contact: editor @ nnn.ng. Disclaimer.