The Indepedent and Corrupt Practices Commission has secured an order from a Federal High Court, Abuja, for an interim forfeiture of N110.04 million traced to a primary school teacher identified as Mr James Erebuoye, and seven other accomplices.
The Spokesperson of the commission, Mrs. Azuka Ogugua, stated in statement on Thursday that the money was suspected to be proceeds of crime.
Ogugua said that Commission further prayed for an order of interim forfeiture of a Toyota Lexus SUV and a Toyota Venza, and an iPad in an ex-parte motion filed by Raheem Adessina on its behalf before Justice D. Okorowa.
She explained that “the properties were seized from Mr. Erebuoye and his accomplices who were alleged to have benefitted from over N500 million illicit fund stashed in the account of a primary school teacher, Mrs. Roseline Uche Egbuha.”
According to her, the commission’s investigation revealed that N110,364,592.4 was moved from an account owned by Mrs Egbuha who was being investigated for money laundering into different accounts belonging to Erubuoye and eight others and two other companies.
She said, “The money to be forfeited includes N17.4 million that was transferred to the bank account of Erebuoye, N14.2 million to an account owned by one Ojo Alonge, N16.4 million to a company called DY Bako and Sons Ltd and N30.8 million to another company known as Dorason Construction ltd.
“The order for interim forfeiture also 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 bank accounts of Emon Aje Okune and Maureen Chidinma, respectively.”
The commission had arrested Mrs Egbuha, a teacher at Ozala Primary School, Abagana, Anambra State, in June 2020 allegedly laundering N550 million.
