Senator Forfeits 12-storey Building to Federal Government

A 12-storey building belonging to a Peoples Democratic Party (PDP) Senator, Peter Nwaoboshi, has been temporarily forfeited to the Federal Government.
A Federal High Court in Lagos made the forfeiture order following application filed by the Economic and Financial Crimes (EFCC).
The property located at 27 Marine Road, Apapa, is said to belong to Senator Nwaoboshi, representing Delta North Senatorial District.
The EFCC said through its counsel, George Chia-Yakua, that the application was pursuant to section 44(2)(k) of the constitution as well as Section 28 and 29 of the EFCC (establishment) Act 2004.
The anti-graft agency held that the commission received a petition from an anti-corruption group, ‘Anti-Corruption and Integrity Forum’, against the Senator and his companies on money laundering allegations .
The EFCC said upon receipt of the petition several investigations were carried out.
It said it included making enquiries from the Code of Conduct Bureau, banks, Delta State Governor’s office, Delta State Tenders Board, Nigeria Customs Service, and Lagos State Ministry of Lands.
The agency stated further that subsequent investigations at the Federal Inland Revenue Services, and Corporate Affairs Commission (CAC), with a view to tracing movement of funds, revealed that the building is suspected to have been purchased with proceeds of Illegal activities.
The EFCC stated that in 2010, the Tender Board of Delta State awarded a contract to the Senator’s company to purchase new construction equipment for Delta State Direct Labour Agency.
It said that this was at the sum of N1.58bn, adding that rather than buying new equipment, the company only imported and supplied used equipment, while the Delta State government fully paid for new one.
It further stated that upon investigation, it was revealed that the Senator moved the proceeds to various accounts linked to him, and his company bidded and bought the said 12-storey building formerly known as Guinea House, located at 27, Marine Road, Apapa.
It said this was for the sum of N805m, through the use of his first company, Golden Touch Construction Project Ltd.
The commission also stated that further investigation revealed that the Senator’s Bank Verification Number had about 20 bank accounts while his private companies had about 23 bank accounts.
After listening to the submissions of counsel to the applicant, Justice Anka ordered that the 12-storey building be temporary forfeited to the Federal Government pending the outcome of its investigation.
Nwaoboshi and his two companies; Golden Touch Construction Project Ltd, and Bilderberg Enterprises Ltd are listed as respondents.

Author: News Editor

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