N550ml found in a female Primary school teacher bank account, see details

Eastern states Efogator Media reporter says a female primary school teacher in Abagana, Anambra State of Nigeria, Mrs. Roseline Uche Egbuha, was arrested yesterday afternoon, Friday, June 19th 2020 by officials of Independent Corrupt Practices Commission (ICPC)

The reason for the arrest is that  N550 million was found in her bank account.

It is alleged that the said amount was sent by her son into her Guaranty Trust Bank (GTB) account.

In addition, the commission arrested  four other person's which includes:

1. The compliance officer of GTB, Beckley Ojo.
2. An Operations Manager, Chisomaga Daly-Okoro.
3. A staff of the legal department, Sarah Ugamah.
4. Lawyer to GTB in Anambra State, Nsikak Udoh.

These persons were said to have helped the teacher in keeping the huge sum of money for her.

An ICPC official in a statement on his twitter handle reveals that Mrs. Egbuha, a teacher with Ozala Primary School, Abagana, Anambra State, was sometimes arrested in 2019 by ICPC and was granted bail.

It is recalled that she got the bail, and an investigation into her financial transactions consequent upon the receipt of a petition shows she was involved in money laundering.

The ICPC during series of investigation into the case found out that the female  school teacher had N539.5 million in her Guaranty Trust Bank account.

Investigations revealed that the money is the proceeds of money laundering from Malaysia which had yielded interest, and the total amount grew to become N550 million.

Our reporter gathered that she told officials of the commission during interrogation that the money found in her account belonged to her 24-year-old son, Chidozie Fabian Ejeaka.

But she could ascertain the whereabouts of the said son.

Therefore, a Post No Debit (PND) has been placed on the said account to allow the commission carry out further and thorough investigation.

Furthermore, a case of forfeiture of the suspected proceeds of crime was instituted against her in a court of law.

ICPC officials said her arrest with the staff of GTB and the lawyer was due to their connivance in lifting the restriction placed on her account and the subsequent transfer of N550 million (principal sum and interest) into the GTB account.

The ICPC found out that the money was transferred on 4th June, 2020, the same day the court order was obtained.

The commission also found out that the N550 million was promptly split and moved into multiple bank accounts owned by Bureau de Change operators and private individuals.

It said N340 million of the said money was moved in two instalments of N200 million and N140 million into the Polaris bank account of a Bureau de Change operator.

The commission said investigation is ongoing and appropriate actions will be taken upon conclusion.

Post a Comment