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 N510,000,000 in Sterling Bank account No: 0029581583 recovered by the applicant, which funds are reasonably suspected to be proceeds of unlawful activities.” “These companies are Magnificent 5 Ventures Ltd, Tripple Kay Company Nigeria Ltd and Elionenai International College Ltd.
“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 bank account of Magnificent 5 Ventures Ltd.
One general yesterday forfeit 400m I can't understand the extent people went to aquire wealth that in the end you will be disgraced
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Source: TheNationNews - 🏆 6. / 69 Read more »
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