Court orders forfeiture of ex-presidential fleet commander’s N510m

By AdvocateNews on 12/05/2020

Share on facebook Yahoo mail icon Gmail icon

Views: 1,052


The Federal High Court, Abuja, on Monday, granted an order of interim forfeiture of N510m allegedly owned by a former Commander, Presidential Air Fleet, Air Vice Marshall Uko Ebong.

Ebong served as the commander of PAF between 2013 and July 2015.

Justice Ahmed Mohammed granted the interim forfeiture order of the fund linked to Ebong in a ruling on an ex-parte application filed by the Economic and Financial Crimes Commission.

The anti-graft agency, through its counsel, Mr Ekele Iheanacho, alleged that the sum of N510m was part of proceeds of illegal acts.

The commission also alleged that the sum of N510m was found in an account belonging to a company owned by Ebong, Elionenai International College.

The commission alleged that “AVM Ebong, while being a public officer managed and used private companies to carry out financial transactions while concealing his identity”.

The companies, according to the commission, include Magnificent 5 Ventures Ltd, Tripple Kay Company Nigeria Ltd and Elionenai International College Ltd.

It stated that the directors of Magnificent 5 Ventures Ltd registered with the Corporate Affairs Commission were Ebong’s wife, Mrs Ebong Mercy Uko, and her brother, Ekpo Ubong Asuquo.

It stated that Ebong controlled the financial dealings of the company.

The commission also claimed, “Without any contractual agreement, a total sum of N731, 000, 000.00 was paid to Magnificent 5 Ventures Limited between May, 2014 and October, 2014 by the ONSA under the guise of payment for renovation of PAF barracks, PAF staff quarters.

“There is no proof of any work carried out by Magnificent 5 Ventures Ltd based on which the above payments were made to it.

“The payments were made into the Sterling Bank Plc Account No. 0026142493 operated by Magnificent 5 Ventures Ltd. Mrs Ebong Uko and her brother, Ekpo Asuquo, are also the signatories to the said bank account of Magnificent 5 Ventures Ltd.”

It added, “That upon receipt of the above funds into the account of Magnificent 5 Ventures Ltd, the funds were transferred and fixed-deposited in the Sterling Bank Account of Tripple Kay Company Nigeria Ltd.

“The transfer instructions were purportedly authorised by Mrs Ebong, the wife of AVM Ebong.”

On the EFCC’s request for the interim forfeiture of the fund, Justice Mohammed, ruled on Monday, “An order is hereby made for the interim forfeiture of the sum of N510,000,000 in Sterling Bank account No: 0029581583 recovered by the applicant, which funds are reasonably suspected to be proceeds of unlawful activities.”

He also ordered the EFCC to publicise the said order for anyone interested in the funds to appear before the court within 14 days to prove why the money should not be permanently forfeited to the Federal Government.

Posted 12/05/2020 06:16:21 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Power generation collapses to 145MW

NAF denies dropping weapons in Enugu forest through...

Next Level Scandal: PDP Mocks Buhari Over Plagiarism...

Coronavirus: Northern Italy Quarantines 16m people

‘I never jumped out of a moving Police...

Plea for pardon: Vacate office now, PDP tells...

Afenifere, Gani Adams, Igboho lead campaign against beef...

I’m worried about youth anger, frustration — Obasanjo...

Kaduna govt distributes 230,000 free uniforms to secondary...

Police in Enugu arrest herder, recover AK-47

We’ll improve lives with high impact facilities --Buhari...

Hoodlums burn Ojodu police station in Lagos

 

Latest News ISWAP terrorists sack military base in Buratai’s village I sacrificed my parents for Biafra, I will sacrifice everything – Nnamdi Kanu vows COVID-19: I won’t take vaccine, I’m not guinea pig – Bishop Oyedepo Why I supported Boko Haram, al Qaeda, Taliban — Buhari’s Minister S-East govs, Ohanaeze, monarchs compiling names of IPOB members, ESN operatives for FG – Spokesperson Printing of N60bn by CBN, wake up call for Buhari, APC – PDP warns Police confirm death of Abuja pastor, Evans Unaegbu Buhari snoring while Nigeria sinks under him – Dino Melaye Nine govs stealing LG funds through cronies–NULGE Abductors of Kaduna students demand N500 million ransom Police arrest Woman for poisoning 3-year-old stepson with Sniper Insecticide Forces against NIN policy behind attacks against me – Pantami

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (84,817 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (72,956 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (69,596 views) Sickle cell support group seeks government intervention (69,595 views) Ebonyi bans embalming of corpses in homes (69,593 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (69,592 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (69,584 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (69,515 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (68,248 views) ASUU strike: Senate intervention ends in deadlock (67,557 views) All you need to know about Peter Obi, PDP VP Candidate (56,989 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (55,023 views)

 

 

SECTIONS FAITH (99) EDITORIAL (14) NEWS (4,968) POLITICS (482) SOCIETY (125) SPORTS (43) BUSINESS (346) HEALTH (50) EDUCATION (44) ENTERTAINMENT (33) INTERNATIONAL (143) TECHNOLOGY (1) COLUMNISTS (57) LETTERS (3) OPINION (32)

 

 


There are no video entries posted yet.