Primary School Teacher, Others Forfeit N120m, Exotic Cars to FG – THISDAYLIVE


Kingsley Nwezeh in Abuja

A Federal High Court sitting in Abuja has ordered the final forfeiture to the federal government of N120 million traced to a primary school teacher, Mrs. Roseline Egbuha and her accomplices by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

A statement by ICPC said the forfeited money as well as cars form part of the N540 million proceeds of crime traced to Mrs. Egbuha, a teacher with Ozala Primary School, Abagana, Anambra State.

The teacher, who was on a monthly salary of N76,000 as at the time of her arrest in 2020 by ICPC had N540 million stashed in her bank account with Guaranty Trust Bank.

Further investigations by ICPC revealed her alleged complicity in money laundering thereby prompting the commission to place a Post-No-Debit (PND) on the account.

It said the PND was lifted by Egbuha and her accomplices with a court order purportedly from a Federal High Court, Abuja, and the money…

Source: Thisday Newspaper