EX-PPMC BOSS’ WIFE MOVES TO RECOVER ASSETS SEIZED OVER 2.4 FRAUD

 Eric Ikhilae, Abuja   FORMER Managing Director of Pipelines and Products Marketing Company (PPMC), Haruna Momoh, his wife, Ochuko Okor Momoh, and their companies have begun moves to retrieve the assets and cash the Federal Government seized from them. The government, through the Independent Corrupt Practices and Other Related Offices Commission (ICPC), on October 25, 2019, obtained an ex parte order of interim forfeiture against Momoh, his wife and their two companies, from Justice Olukayode Adeniyi of the High Court of the Federal Capital Territory (FCT) in Apo, Abuja. ICPC…

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NIGERIA EXPECTING 400MIL LOOT FROM US SAYS ICPC BOSS

Joseph Jibueze   NIGERIA is expecting the return of $400 million hidden in the United States by former Head of State, the late General Sani Abacha, Independent Corrupt Practices and Other Related Offences Commission (ICPC) Chairman  Prof Bolaji Owasanoye, said on Wednesday. He said Nigeria also expects compensation after the ongoing Malabu case is decided in Italy. According to Owasanoye, securing the return of looted funds is not easy because of legal hurdles and huge financial implications. He said the Abacha loot is hidden in over 12 countries, each with…

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ICPC SEIZES 44 ASSETS WORTH 14.7BILLION AFTER OWNERS DENY OWNERSHIP

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Friday said it had seized 44 assets valued at N14.7 billion. Spokesperson of the anti-graft agency, Mrs Rasheedat Okoduwa, disclosed this in a statement in Abuja. Okoduwa said the assets, located in the Federal Capital Territory, comprised two mansions, 27 pieces of land, one factory building and 15 buildings at Asokoro, Maitama and other districts. She stated that the assets were linked to 32 corporate entities and that the seizures followed the denial of ownership by the supposed owners.…

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POWER TO SEIZE ASSETS: MAGU BATTLES MALAMI: SAYS CORRUPT PEOPLE OUT TO WHITTLE EFCC POWERS

Yusuf Alli, Abuja   THERE is no plan to reduce the asset recovery powers of the Economic and Financial Crimes Commission (EFCC), Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN) has said. He said the anti-graft agencies would retain their powers to seize assets from corrupt suspects. Malami made the clarifications in a statement through his Special Assistant on Media and Public Relations, Dr Umar Jibrilu Gwandu. Acting EFCC chairman Ibrahim Magu on Thursday claimed there was a plot to amend the agency’s enabling Act to reduce…

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ICPC LIED, WE HAVE NO MONEY IN STANBIC IBTC SAYS EX- PPMC MD

By Robert Egbe A former Managing Director of the Pipelines and Product Marketing Company (PPMC), Haruna Momoh, and his wife, Eileen, yesterday said a court was misled into temporarily forfeiting N2.4 billion said to belong to them. It was reported on Monday that a High Court of the Federal Capital Territory (FCT), Abuja, had ordered the interim forfeiture of the sum, following an ex parte application by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The commission said it had initiated moves to recover the N2,417,037,404 billion permanently…

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AGF MALAMI REDUCES ICPC, EFCC POWERS, SEE THE AREAS AFFECTED

Eniola Akinkuotu, Abuja The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), has whittled down the powers of the Economic and Financial Crimes Commission and other anti-graft agencies as regards seizure of assets. The AGF also scrapped all asset recovery and tracing committees. The directive is contained in the Federal Republic of Nigeria Official Gazette Vol. 106, No 163,  titled, ‘Asset Tracing, Recovery and Management Regulation 2019’, dated October 29, 2019. The AGF directed in Part 3, Section 5(1) of the gazette that all non-conviction based forfeiture…

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RESIDENCY OPENS CAN OF WORMS ON OBONO OBLA, SEE THE PETITIONS THAT NAILED HIM

Omololu Ogunmade in Abuja The presidency yesterday reeled out several records of wrongdoing allegedly committed by the suspended Chairman of Special Presidential Investigation Panel for the Recovery of Public Property (SPIP), Okoi Obono-Obla, saying the embattled fugitive ex-chairman violated the mandate of the panel and engaged in all manners of rights’ abuses, conduct and actions which exposed the government to ridicule. Reacting to allegations by Obono-Obla in a letter he addressed to President Muhammadu on August 29, this year, where he accused Vice President Yemi Osinbajo of masterminding his travails,…

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FORMER PPMC MD LOSES 2.4BIL, PROPERTIES TO FG – ICPC

Olufemi Atoyebi, Abuja The Independent Corrupt Practices and other related offences Commission on Monday said the N2.4bn recovered from a former Managing Director of the Pipelines and Product Marketing Company, Haruna Momoh, as well as property illegally acquired and linked to him would be seized by the Federal Government after an interim forfeiture order was secured by the commission. A statement by the spokesperson for the commission, Rasheedat Okoduwa, said investigation revealed that the former PPMC boss misused his office to enrich himself, using cronies. The statement read, “Already, the…

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HOW OBONO OBLA OVERSTEPPED HIS BOUNDS: THE PETITIONS AGAINST HIM

Okoi Obono-Obla Yusuf Alli, Abuja   FORMER Chairman of the Special Investigation Panel for the Recovery of Public Property (SIPRPP) Mr. Okoi Obono-Obla was suspended because he was found to have gone beyond his mandate, it was learnt at the weekend. Besides, other members of the panel accused him of misconduct. Obono-Obla was nailed, following a recommendation by Attorney-General of the Federation and Minister of Justice Abubakar Malami (SAN), who was mandated to investigate his activities It was learnt that Malami investigated 10 petitions against Okono-Obla, including one from the…

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ICPC ARRESTS 2 OVER 68MIL NAIRA SCHOOL FEEDING PROGRAMME FRAUD IN KOGI

Soonest Nathaniel / The recently-launched collaboration between the National Social Investment Office (NSIO) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to root out corruption in the Social Investment Programmes (SIPs) has begun to yield fruits as two persons involved with the programme in Kogi State are currently under arrest by ICPC for alleged N68,097,053 fraud. The suspects include Hon. Adoga Ibrahim and Khadijat Karibo. While Ibrahim was appointed the State Focal Person in 2016 for the National Home-Grown School Feeding Programme (NHGSFP) for Kogi State and…

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