A Federal High Court sitting in Abuja has ordered the final forfeiture of N120 million traced to a primary school teacher, Roseline Egbuha, and her accomplices, to the federal government.
The court also ordered the forfeiture of cars traced to Mrs Egbuha, a teacher with Ozala Primary School, Abagana, Anambra State.
Independent Corrupt Practices and Other Related Offences Commission (ICPC) in a statement on Thursday, July 18, said the forfeited money and cars form part of the N540 million proceeds of crime traced to Mrs. Egbuha.
“The teacher who was on a monthly salary of N76,000 as at the time of her arrest in 2020 by ICPC, had N540 million stashed in her bank account with Guaranty Trust Bank.
Further investigations by ICPC revealed her alleged complicity in money laundering thereby 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 purportedly from a Federal High Court, Abuja, and the money promptly split and moved into multiple bank accounts owned by Bureau de Change operators and private individuals.
The accomplices – one James Erebouye, Emon Okune, Chisom Iwueke, Alonge Ojo, Maureen Chidimma, Owoyemi Mayowa and Ejeaka Ifeoma, including two private companies, were charged to court for involving in fr@udulent activities and warehousing proceeds of crime by the Commission,” the statement reads
Counsel to ICPC, Adesina Raheem, in a motion exparte filed in 2021 before Justice D. U. Okorowo, alleged that the funds were proceeds of unlawful activities stashed away in six new generation banks by Egbuha and her associates. He prayed the court to order the final forfeiture of the money and cars to the Federal Government.
The judge on Thursday ordered the final forfeiture of the sum of N8.2 million, N9.7 million, N6.5 million and N122,100 kept in different bank accounts, by Emon Okune, Chisom Iwueke, Maureen Chidimma and Ejeaka Ifeoma respectively.
Other items forfeited by the respondents are a Toyota Lexus and Venza sport utility vehicles.