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Saturday 30 July 2022

School teacher, others forfeit N120m, cars as ICPC finds N540m in account


The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Thursday, July 28, announced that it found a total of N540 million in the account of a public primary school teacher with a salary of N76,000.

 The Federal High Court sitting in Abuja has also ordered the final forfeiture of N120 million traced to the teacher, Roseline Egbuha who teaches at Ozala Primary School, Abagana, Anambra State.

Roseline Egbuha, ICPC, Federal High Court, Money laundering, primary school teacher
Mrs Roseline Egbuha . Photo: ICPC Source: UGC

A statement by the commission's spokesperson, Azuka Ogugua said that the court headed by Justice D.U Okorowo also ordered the forfeiture of cars traced to Egbuha and some of her accomplices in money laundering activities.   

According to the ICPC, the court's order is a sequel to an ex-parte motion filed by the commission in 2021.

The motion also followed an allegation surrounding N540 million linked to Egbuha and her accomplices who tried to hide the funds in her Guaranty Trust Bank account.

Investigations by the commission also prompted the ICPC to place a Post-No-Debit on her account which led to her obtaining a court order from the Federal High Court, Abuja to lift the PND placed on the account.

It was gathered that the accused immediately withdrew the funds and distributed them to multiple accounts owned by Bureau de Change owners and some other private individuals including James Erebouye, Emon Okune and Chisom Iwueke.

Others are Alonge Ojo, Maureen Chidimma, Owoyemi Mayowa and Ejeaka Ifeoma in addition to two private companies charged to court over fraudulent activities and warehousing proceeds of the alleged crimes.

Other items forfeited by the respondents are cars which include Toyota Lexus and Venza sport utility vehicles.

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