ICPC arrests teacher, Bank officials, lawyer for laundering N550m
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it has arrested a primary school teacher, Roseline Uche Egbuha, three staff of a new generation bank and a lawyer for allegedly laundering N550 million.
This was contained in a statement yesterday in Abuja by the agency spokesperson, Rasheedat Okoduwa
According to Okoduwa, Egbuha, a teacher with Ozala Primary School, Abagana, Anambra State, was earlier arrested in October 2019 by ICPC and granted administrative bail, after an investigation into her financial transactions consequent upon the receipt of a petition, had shown her involvement in money laundering.
Also in ICPC custody are a Compliance officer of the bank, Beckley Ojo, an Operations Manager, Chisomaga Daly-Okoro, a staff of the legal department of the bank, Sarah Ugamah and an external lawyer to the bank, Nsikak Udoh. They were alleged to have connived with Egbuha to perpetuate the fraud.
ICPC, in a series of investigation, found that she had N539.5 million in her account alleged to have been proceeds of money laundering from Malaysia. She had told investigators that the money belonged to her 24-year-old son, Chidozie Fabian Ejeaka, whose whereabouts could not be established.
A Post No Debit (PND) was placed on the account to allow the ICPC carry out further investigations, while a case of forfeiture of the suspected proceeds of crime was instituted against her in a court of law. However, Egbuha approached another court to challenge the restriction placed on her account, as well as ask for the enforcement of her fundamental human right.
Her fresh arrest with the staff of the bank and the lawyer was due to their alleged connivance in lifting the restriction placed on her account and the subsequent transfer of N550 million (principal sum and interest) into the account of FBI Legal, a company owned by Egbuha’s lawyer, Ferdinand Isa. The Commission said the money was transferred on 4th June 2020, the same day a court order was said to have been obtained. The money was split and moved into multiple bank accounts owned by Bureau de Change operators and private individuals.
Tanks for the update
Thanks for the update
Thanks for the update
Yahoo Yahoo work.
I cant stop imagining it
Thanks for the update
That is her lucky, they should give her the money
Thanks for update
Is her money na
Inside life
go and arrest the politicians laundering Nigeria’s money also
Hmm
This is serious
#550M
Yahoo woman
Omo ope
550M
This life no balance aswear
Thanks for this update
Thanks for updated
This life
Thanks
550 millions from Malaysia, what about those billions from Nigeria to European countries????
Lol….it well
Amazing
How on earth was she able to get that?
Its well…
Pls let her be o
Naso
Hmmm
Wow how come did she make that such of amount in primary school..
Naija corruption will not kill us
This is serious
Subhannallah
That is a huge amount of money
Inside life
Haha…. This is serious
Thank God they can track these things now
That is a huge amount of money I think they should interogate her well
Everybody day this matter
This life is terrible
Hmmm
This is strong
Oga ooo
Hmmm
Mad o
Lols
They should leave her
They should leave her
Àgbà yahoo
Cool
This world sha, when you become rich people investigate the source of your wealth, being rich is not a crime
Quick to see a teacher
Thanks for the update
Corruption everywhere