The Independent Corrupt Practices and other related offences Commission, ICPC says the commission has secured an interim forfeiture order from a High Court of the Federal Capital Territory, Abuja, to seize over two billion naira recovered from a former Managing Director of the Pipelines and Product Marketing Company, Haruna Momoh.
The said sum comprising foreign and local currencies stashed in multiple accounts in four different banks, as well as five landed properties located in different parts of Abuja.
ICPC made this known in a statement signed by it’s spokesperson, Rasheedat Okoduwa, revealed that the former PPMC boss misused his office to enrich himself, using cronies.
“The commission, before approaching Justice O. A. Adeniyi, for the interim forfeiture order, had found through investigation that the former PPMC boss allegedly abused his position by using cronies and shell companies to divert government funds.
“He allegedly used Multi-Functions Nigeria Limited, Blaid Property Limited and Blaid Construction Limited to carry out several unlawful activities running into billions of naira. Contracts were secured for the companies from the Nigerian National Petroleum Corporation without any corresponding evidence of execution.
“Investigation revealed that N1.4bn was traced to six accounts in two different banks operated by Momoh’s wife, Eileen Momoh, who is the owner of Blaid Construction as shown by the incorporation details of the company.”
