Graft: FG Seeks Forfeiture Of N2bn, Properties Linked To Petroleum Fund Official - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
July 25, 2019
The federal government has filed a motion before theFederal High Court in Abuja seeking for the interim forfeiture of monies andproperties allegedly traced to an official of Petroleum Equalization Fund, PEF.
The Federal Government, through the SpecialPresidential Investigation Panel on Recovery of Public Property, SPIP allegedthat the monies and properties traced to the General Manager, CorporateServices of PEF, Goody Nnadi, were ‘suspicious assets far and beyond’ hislegitimate income.
The chairman of the panel, Okoi Obono-Obla earliersaid that the panel’s investigation uncovered a total inflow of 2.2 billionnaira equivalent of Pound Sterling into the accounts of Nnadi from 2011 tilldate.
Aside the interim forfeiture of the monies andproperties, the government is also asking for an order of court restraining allthe listed commercial banks from posting any debit or making any withdrawals onall accounts.