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Breaking News: ICPC seizes N2.4b from ex-PPMC boss, traces over N1b to wife


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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Monday said it has secured an interim forfeiture order from a High Court of the Federal Capital Territory, Abuja, to seize N2, 417, 037, 404 billion illegally acquired by a former Managing Director of the Pipelines and Product Marketing Company (PPMC), Mr. Haruna Momoh.

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It also said it has started moves to recover the N2.4 billion permanently alongside some landed properties linked with Momoh.

It said the cash includes foreign and local currencies, stashed in multiple accounts in four different banks as well as five landed properties located in different parts of Abuja metropolis.

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It also said it uncovered four bank accounts owned by Eileen Ochuko Momoh, the wife of the ex-PPMC boss, with the United Bank for Africa (UBA) where the combined sum of N469.2 million in foreign and local currencies was stashed.

More details later…

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