Home News Court Orders Interim Forfeiture Of N110.4m Traced To Primary School Teacher

Court Orders Interim Forfeiture Of N110.4m Traced To Primary School Teacher

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The Impartial Corrupt Practices and Different Associated Offences Fee (ICPC) has secured the interim forfeiture of N110.4 million traced to the financial institution accounts of 1 Mr. James Erebuoye and 7 different suspects.

In an ex-parte movement filed by Raheem Adesina on behalf of ICPC earlier than Justice D. Okorowa, the Fee additional prayed for an order of interim forfeiture of a Toyota Lexus Jeep and a Toyota Venza automotive, together with an Ipad gadget.

The properties had been seized by the Fee from Mr. Erebuoye and his accomplices who had been alleged to have benefitted from over N500 million illicit fund stashed within the account of a major college trainer, Mrs. Roseline Uche Egbuha.

Recall that Mrs. Egbuha, who teaches at Ozala Main Faculty, Abagana, Anambra State, was arrested in June 2020 by the Fee for allegedly laundering N550 million.

ICPC discovered that N110,364,592.4 was surreptitiously moved someday in 2020, from the checking account of the first college trainer, who was being investigated for cash laundering and different fraud, into completely different accounts owned by Erebuoye and eight different individuals, together with two corporations.

The cash to be forfeited consists of N17.4 million that was transferred to the checking account of Erebuoye, N14.2 million to an account owned by one Ojo Alonge, N16.4 million to an organization known as DY Bako and Sons Ltd and N30.8 million to a different firm often called Dorason Development ltd.

The order for interim forfeiture additionally covers the sums of N7.1 million traced to an account owned by Owoyemi Mayowa, N8.2 million, and N6.5 million traced to the financial institution accounts of Emon Aje Okune and Maureen Chidinma, respectively.

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