Assets forfeiture: Presidential panel seals Nwaoboshi’s properties | The Guardian Nigeria News - Nigeria and World News

14 properties and 22 bank accounts linked to the senator are to be temporarily forfeited to the federal government.

According to Chief Okoi Obono-Obla, Head of the Panel the panel in a statement issued in Lagos on Sunday, the panel has written to four banks to block the embattled senator’s accounts.Obono-Obla said that the presidential panel carried out the action on the premise of the ruling of a Federal High Court sitting in Abuja.

Ruling in suit no FHC/ABJ/CS/1127/18 filed by the Special Presidential Investigation Panel for the Recovery of Public Property on behalf of the Federal Government, Justice Taiwo O. Taiwo, also placed a post-no-debit order on 22 bank accounts linked to Nwaoboshi. According to the ruling, “Some of the properties sealed by the presidential panel include Summing Electrical Company located at Asagba, along Asaba Airport Road, PON filling station along Asaba Airport Road and a Multibillion Naira Estate under construction at Maryam Babangida Road, all in Asaba, Delta State.

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