• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • PRNigeria Fellows and CEO IMPR Yushau A Shuaib

      PRNigeria Fellowship: A Model for NIPSS Kuru

      Africa’s Economic Ties Deepen as Nigeria, Benin Sign Joint Trade Plan

      Customs Partners US Mission to Prevent Expanded Visa Ban

      Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

  • National
    • Inspector-General of Police Kayode Egbetokun Honours ACP Aliyu Shaba and CSP Sentome Obi with Police Officers of the Year Award

      IGP Egbetokun Honours Police Officers of the Year, Holds Talks on…

      Pantami Urges Presidential Rewards for Nigerian Teen, Nafisa Aminu Who Topped…

      Customs Unveils Reputation Handbook to Guide Officers’ Conduct, Rebrand Agency

      CDCFIB

      Correctional Service Elevates 30 Officers to Assistant Controller General Rank

      Troops Intercept Illicit Logistics Bound for Cameroon, Uncovers, Destroys 14 IEDs…

    • Government
      • Secretary to the State Government, Alhaji Umar Farouk Ibrahim presenting the report to Kano State Governor Alhaji Abba Kabir Yusuf

        Kano Governor Receives Report on Commissioner’s Role in Bail Controversy

        Pantami Urges Presidential Rewards for Nigerian Teen, Nafisa Aminu Who Topped…

        Secretary State Government Alhaji Umar Farouk Ibrahim receives report on Commissioner alleged role in drug baron bail

        Kano Govt Receives Report on Commissioner’s Alleged Role in Drug Baron’s…

        Group photograph of Staffs of VON and representatives from RATTAWU

        We are Here to Fix The Voice of Nigeria as A…

        The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin (L), receiving the President of the All Farmers’ Association of Nigeria (AFAN), Dr Farouk Rabiu Mudi (R), who led a delegation to pay him a courtesy visit in his office.

        Why Investments in Local Sugar Production is Profitable Now – NSDC…

  • Security
    • Wasiu Akinwande AKA Olori Eso

      Police Arraign Notorious Lagos Assassin, Wasiu Akinwande on 11-Count Murder Charge

      Inspector-General of Police Kayode Egbetokun Honours ACP Aliyu Shaba and CSP Sentome Obi with Police Officers of the Year Award

      IGP Egbetokun Honours Police Officers of the Year, Holds Talks on…

      Nigerian Army Launches New Welfare Initiatives for Retiring Soldiers

      CDCFIB

      Correctional Service Elevates 30 Officers to Assistant Controller General Rank

      PRNigeria logo fearured image

      After 21 Years, Gen. TY Danjuma Relaunches Union Dicon Salt to…

  • Features
    • Tinubu, Atiku and Peter Obi

      Atiku, Obi and the ‘Confused Marriage’ Called ADC

      Kwankwaso, Northern Nigeria and the Politics of Marginalisation

      Kemi Badenoch

      Kemi Oomoale Badenough: A Liar By no Other Name by Chief…

      DSS, NNPCL and EFCC

      NNPCL Controversy: Arewa Economic Forum Raises Alarm as EFCC, DSS Refute…

      Tinubu’s Greek gift by Festus Adedayo

  • State
    • Secretary to the State Government, Alhaji Umar Farouk Ibrahim presenting the report to Kano State Governor Alhaji Abba Kabir Yusuf

      Kano Governor Receives Report on Commissioner’s Role in Bail Controversy

      Wasiu Akinwande AKA Olori Eso

      Police Arraign Notorious Lagos Assassin, Wasiu Akinwande on 11-Count Murder Charge

      Secretary State Government Alhaji Umar Farouk Ibrahim receives report on Commissioner alleged role in drug baron bail

      Kano Govt Receives Report on Commissioner’s Alleged Role in Drug Baron’s…

      Rivers Police Arrest Suspects in Lawyer’s Murder, Recover Weapons

      Police Officer

      Police Eliminate 8 Terrorists in Zamfara as Bandits Abduct 5 Residents,…

  • Event
    • Pantami Urges Presidential Rewards for Nigerian Teen, Nafisa Aminu Who Topped…

      NIPR President Ike Neliaku and Customs Boss Bashir Adewale Adeniyi

      NIPR Lauds Customs’ Reputation Reforms, Announces Annual PR Officer Award

      Prof Pate donates laptops to UNIMAID

      Prof Pate donates 20 Laptop Computers to UNIMAID

      D'Tigress Basketball team

      Will Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th…

      The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

      Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

    • PR Nigeria Award
  • E-Paper
Home Anti-Corruption Haruna Momoh: Ex-PPMC Boss to Forfeit N2.4bn Cash, Properties in Abuja
  • Anti-Corruption

Haruna Momoh: Ex-PPMC Boss to Forfeit N2.4bn Cash, Properties in Abuja

By
Rasheedat A. Okoduwa
-
November 4, 2019
ICPC
ICPC Logo

Haruna Momoh: Ex-PPMC Boss to Forfeit N2.4bn Cash, Properties in Abuja
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has started moves to recover N2.4 billion and some landed properties, alleged to have been illegally acquired and linked to a former Managing Director of the Pipelines and Product Marketing Company (PPMC), Mr. Haruna Momoh.

Already, ICPC had secured an interim forfeiture order from a High Court of the Federal Capital Territory, Abuja, to seize the N2, 417, 037, 404 billion comprising of foreign and local currencies, stashed in multiple accounts in four different banks as well as five landed properties located in different parts of Abuja metropolis.

The Commission, before approaching Justice O. A. Adeniyi, for the order of interim forfeiture, 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 (NNPC) without any corresponding evidence of execution.

Read Also:

  • Kano Governor Receives Report on Commissioner’s Role in Bail Controversy
  • Police Arraign Notorious Lagos Assassin, Wasiu Akinwande on 11-Count Murder Charge
  • IGP Egbetokun Honours Police Officers of the Year, Holds Talks on Improved Retirement Benefits

Investigation revealed that the sum of N1.4 billion was traced to six bank accounts in two different banks operated by Momoh’s wife, Eileen Ochuko Momoh, who is the owner of Blaid Construction as shown by the incorporation details of the company.

The wife has four bank accounts with the United Bank for Africa (UBA) where the combined sum of N469.2 million in foreign and local currencies was stashed and two other accounts with Union Bank, where the Commission found $1, 678, 975 million and N496, 137, 895 million respectively.

ICPC further discovered Euro 173, 601.55, $5, 563.21 and N876, 209, 744 million three Stanbic IBTC bank accounts traced to Multi-functions Nigeria Limited and the sum of N800, 663.43 in Citibank also belonging to the same company.

The properties likely to be forfeited are Plot 199, Ebitu Ukiwe street, Utako, Nos. 21, 22, 23 and 26 Olympia Estate, Kaura District, Plot 1824, Cadastral Zone, BO7, Katampe, plot 1827, Cadastral Zone, BO7, Katampe and No. 6 Casamance street, Wuse Zone 3, all in Federal Capital, Abuja.

Justice Adeniyi, while granting the interim forfeiture ruled that the money be placed in an interest-yielding escrow accounts in the name of ICPC.

Signed:

Mrs. Rasheedat A. Okoduwa, mni
Spokesperson for the Commission

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Haruna Momoh
  • ICPC
  • PPMC
Previous articleNigerian Army Vows to Nab Suspects in Extra-Judicial Killing of Terrorists
Next articlePHOTO: A Cheating Tailor Convicted for overpayment Fraud of N99,000
Rasheedat A. Okoduwa
Rasheedat A. Okoduwa
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Secretary to the State Government, Alhaji Umar Farouk Ibrahim presenting the report to Kano State Governor Alhaji Abba Kabir Yusuf

Kano Governor Receives Report on Commissioner’s Role in Bail Controversy

Wasiu Akinwande AKA Olori Eso

Police Arraign Notorious Lagos Assassin, Wasiu Akinwande on 11-Count Murder Charge

Inspector-General of Police Kayode Egbetokun Honours ACP Aliyu Shaba and CSP Sentome Obi with Police Officers of the Year Award

IGP Egbetokun Honours Police Officers of the Year, Holds Talks on Improved Retirement Benefits

Pantami Urges Presidential Rewards for Nigerian Teen, Nafisa Aminu Who Topped Global English Competition

Customs Unveils Reputation Handbook to Guide Officers’ Conduct, Rebrand Agency

Rivers Police Arrest Suspects in Lawyer’s Murder, Recover Weapons

Police Officer

Police Eliminate 8 Terrorists in Zamfara as Bandits Abduct 5 Residents, Rustle Cattle

Troops Intercept Illicit Logistics Bound for Cameroon, Uncovers, Destroys 14 IEDs in Borno

PRNigeria Fellows and CEO IMPR Yushau A Shuaib

PRNigeria Fellowship: A Model for NIPSS Kuru

International Press Institute IPI

IPI Nigeria Demands Immediate Reopening of Badegi FM, Threatens to List Governor Bago in Black Book

Troops Kill 3 Terrorists in Borno, Recover Weapons, Motorcycles

NDLEA Logo

NDLEA Intercepts Cocaine, Tramadol Hidden in Vehicle Side Mirrors, Arrests Multiple Suspects Nationwide

Recent Posts

  • Kano Governor Receives Report on Commissioner’s Role in Bail Controversy
  • Police Arraign Notorious Lagos Assassin, Wasiu Akinwande on 11-Count Murder Charge
  • IGP Egbetokun Honours Police Officers of the Year, Holds Talks on Improved Retirement Benefits
  • Pantami Urges Presidential Rewards for Nigerian Teen, Nafisa Aminu Who Topped Global English Competition
  • NIPR Lauds Customs’ Reputation Reforms, Announces Annual PR Officer Award
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Kano Governor Receives Report on Commissioner’s Role in Bail ControversyPolice Arraign Notorious Lagos Assassin, Wasiu Akinwande on 11-Count Murder ChargeIGP Egbetokun Honours Police Officers of the Year, Holds Talks on Improved Retirement BenefitsPantami Urges Presidential Rewards for Nigerian Teen, Nafisa Aminu Who Topped Global English CompetitionNIPR Lauds Customs’ Reputation Reforms, Announces Annual PR Officer AwardCustoms Unveils Reputation Handbook to Guide Officers’ Conduct, Rebrand AgencyAtiku, Obi and the ‘Confused Marriage’ Called ADCNigerian Army Launches New Welfare Initiatives for Retiring SoldiersCorrectional Service Elevates 30 Officers to Assistant Controller General RankAfter 21 Years, Gen. TY Danjuma Relaunches Union Dicon Salt to Revive Local IndustryKano Govt Receives Report on Commissioner's Alleged Role in Drug Baron's BailRivers Police Arrest Suspects in Lawyer's Murder, Recover WeaponsPolice Eliminate 8 Terrorists in Zamfara as Bandits Abduct 5 Residents, Rustle CattleTroops Intercept Illicit Logistics Bound for Cameroon, Uncovers, Destroys 14 IEDs in BornoWe are Here to Fix The Voice of Nigeria as A True Instrument of National Power – DG VON
X whatsapp