A Federal High Court in Abuja has granted an order of interim forfeiture of N510million contained in an account belonging to a company - Elioenai...
A Federal High Court in Abuja has granted an order of interim forfeiture of N510million contained in an account belonging to a company – Elioenai International College, allegedly owned by former Commander of the Presidential Air Fleet , Air Vice Marshal Uko Etim Ebong.
The judge said: “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.” “Magnificent 5 Ventures Ltd is a company registered with the CAC. Though directors of the company on paper are Mrs. Ebong Mercy Uko and Ekpo Ubong Asuquo ; AVM Ebong controlled the financial dealings of the company.
“The payments were made into the Sterling Bank Plc Account No. 0026142493 operated by Magnificent 5 Ventures Ltd. Mrs. Ebong Mercy Uko and her brother Ekpo Ubong Asuquo are also the signatories to the said Bank account of Magnificent 5 Ventures Ltd.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Importers worry over N2bn air cargo storage chargeThe COVID-19 lockdown resulted in un-cleared goods stuck in airport warehouses. ANNA OKON writes that the goods have accumulated N2bn in demurrage with owners and cargo handlers arguing over waiver...
Read more »
COVID-19: Pastor Poju Oyemade clears air on attacking Oyedepo over closure of churchesThe Senior Pastor of Covenant Christian Centre, Poju Oyemade, has clarified that his recent post on the closure of churches, was posted before the Presiding Bishop of Living Faith Worldwide, David Oyedepo, gave his opinion on the matter. Oyedepo had disagreed with the ban on religious gatherings amid the COVID-19 pandemic. He claimed that the
Read more »
'N21.4bn' fraud: AVM Adigun forfeits multibillion naira assets to FGThe Federal High Court in Lagos has approved the Federal Government’s request to temporarily sieze 12 landed properties linked to a former...
Read more »
Court orders forfeiture of ex-NAF chief’s houses to FG
Read more »
COVID-19: Multiple Deaths In Bauchi Town Normal, Says Deputy Governor | Sahara ReportersCOVID-19: Multiple Deaths In Bauchi Town Normal, Says Deputy Governor | Sahara Reporters Tela, who is also the Chairman of the Task Force on COVID-19, made this known on Saturday while giving an update on the pandemic in the state. READ MORE:
Read more »
Lockdown: Umahi suspends commissioner, perm sec, others over ‘porous’ boundariesGovernor David Umahi of Ebonyi State has ordered a one-month working suspension of the state’s Commissioner for Local Government and Chieftaincy Affairs, Chief Samuel Okoronkwo, over alleged bounda...
Read more »