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.
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 commission also alleged that the sum of N510m was found in an account belonging to a company owned by Ebong, Elionenai International College. The companies, according to the commission, include Magnificent 5 Ventures Ltd, Tripple Kay Company Nigeria Ltd and Elionenai International College Ltd. “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.”
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