JUST IN: ICPC seizes N2.4b from ex-PPMC boss

JUST IN: ICPC seizes N2.4b from ex-PPMC boss

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Monday, November 4 seized some monies illgeally acquired by a former federal government appointee.

In a statement sent to journalists, the ICPC said it has secured an interim forfeiture order from a High Court of the Federal Capital Territory, Abuja to carry out the act.

The statement noted that the amount is N2, 417, 037, 404 billion and the former government official involved is a former managing director of the Pipelines and Product Marketing Company (PPMC), Mr. Haruna Momoh.

The ICPC also said it has started moves to recover the money permanently alongside some landed properties linked with Momoh.

It said the cash includes foreign and local currencies, stashed in multiple accounts in four different banks as well as five landed properties located in different parts of Abuja.

According to the statement, four bank accounts owned by Eileen Ochuko Momoh, wife of the ex-PPMC boss, was uncovered with the combined sum of N469.2 million in foreign and local currencies.

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“ICPC further discovered Euro 173, 601.55, $5, 563.21 and N876, 209, 744 million three Stanbic IBTC bank accounts traced to Multi-functions Nigeria Limited and the sum of N800, 663.43 in Citibank also belonging to the same company.

“The properties likely to be forfeited are Plot 199, Ebitu Ukiwe street, Utako, Nos. 21, 22, 23 and 26 Olympia Estate, Kaura District, Plot 1824, Cadastral Zone, BO7, Katampe, plot 1827, Cadastral Zone, BO7, Katampe and No. 6 Casamance street, Wuse Zone 3, all in Federal Capital, Abuja,” the statement noted.

Meanwhile, 16 local government chairmen from Kwara state are presently being interrogated by the Ilorin zonal office of the Economic and Financial Crimes Commission.

The government officials are being questioned over alleged misappropriation of part of N4billion loan and 10% of state internally generated revenue.

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Source: Legit.ng News

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