Home Crime Diverted millions: court orders interim forfeiture of money lodged in FCMB, Zenith Bank
CrimeNews

Diverted millions: court orders interim forfeiture of money lodged in FCMB, Zenith Bank

Share
Zenith Bank logo
Share
FCMB. Photo: Guardian.

A Federal High Court sitting in Lagos Friday ordered the interim forfeiture to the Federal Government (FG), the sum of N241million allegedly diverted from the office of the Senior Special Adviser (SSA) to the President on Sustainable Development Goals (SDG).

FCMB and Zenith Bank have been given an order for the interim forfeiture some money lodged in the banks to the Federal Government (FG) by a Federal High Court sitting in Lagos.

Confiance News gathered from a report by Newsroom Nigeria that the order which was given on Friday involved the sum of N241million allegedly diverted from the office of the Senior Special Adviser (SSA) to the President on Sustainable Development Goals (SDG).

Justice Nicholas Oweibo, who made the order, also forfeited Real Tower Centre Shopping Complex at Plot 1121, Ekukinam Street, Utako District, Cadastral Zone, Abuja, to the Federal Government.

The judge’s order was sequel to an ex-parte application filed and argued by Economic and Financial Crimes Commission (EFCC) counsel, Mr Rotimi Oyedepo.

Oyedepo told the judge that the N241m was warehoused in FCMB and Zenith bank in the sums of N65million, N61million, N50million and N65million.

The EFCC said its intelligence showed that the Abuja property was purchased with funds furtively diverted from SDG, office of the SSA to the President, where Mr. Abdulsalam Bawa is a Principal Accountant.

The EFCC fingered Bawa, as the key suspect, adding that the diversion was perpetrated in grand conspiracy with some SDG staff.

It also linked three firms, Kouchdim Unity Nigeria Ltd and Lankass Global Ventures, to the diversion.

Justice Oweibo adjourned the suit marked FHC/L/CS/90/2021 till September 6, 2021 for final forfeiture proceedings.

Oyedepo’s application was backed by a four-page affidavit of urgency deposed to by an EFCC operative, Ebunoluwa Amusan.

Amusan averred that he was assigned to investigate the “damning intelligence report received by the EFCC by some concerned citizens in respect of abuse of office, diversion of funds and monumental fraud perpetrated by some officers of the Sustainable Development Goals, office of the Senior Special Adviser to the President.”

The intelligence indicated that monies were diverted to some companies owned by some suspects.

“Our investigation revealed that one Abdulsalam Bawa, the key suspect is a signatory to two (2) corporate accounts where monies from the Agency and those meant for other organisations for projects were diverted to these companies’ accounts, and then further diverted to meet the suspects selfish ends.

“Investigation carried out so far revealed that Bawa is not a shareholder nor is he listed as shareholder in any of these companies; Kouchdim Unity Nigeria Ltd and Lankass Global Ventures, but he is signatory to the companies’ accounts.

“Investigation revealed Remita inflows traced from the Central Bank of Nigeria, meant for other organisations and for projects were traced to the suspect’s account personal and corporate accounts viz; Lankass Global Ventures and Kouchdim Unity Nigeria Ltd.

“The above mentioned companies alongside their alter ego were fraudulently used to divert funds from government coffer and used to purchase the property sought to be attached.”

The deponent further averred that “the Principal Accountant, in cohort with other staff of the SDG laundered and retained various sums of money through companies and individuals who made payments for the said property sought to be temporarily attached.

“So far, we have traced and discovered a landed property acquired with proceeds of the alleged diversion of public funds and criminal breach of trust by Mr. Abdulsalam Bawa.”

 

Source: Newsroom Nigeria

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Start your career with NNPC Limited

Start your career with NNPC Limited
Start your career with NNPC Limited

Member

Don't Miss

Why NCC plans to unveil incident reporting guidelines

W Please follow and like us:

Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...

Related Articles

Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been...

In four photos, NCC reacts to Executive Order on Critical National Information Infrastructure

By Chioma Obinagwam The infrastructure of the Nigerian Communications Commission (NCC) has...

Denmark’s Consul General, FC4S Lagos, others collaborate for enhanced access to dairy products

By Chioma Obinagwam For Nigeria to achieve its nutritional goals, its teaming...

Philanthropists appeal to Lagos govt, NNPC others to fund surgery of journalist

By Chioma Obinagwam Some concerned citizens including media and corporate affairs practitioners...

Advertisements