EFCC Secures AVM Obong’s  N510m As Interim Forfeiture + How Money Was Traced To Sterling Bank

By JUMOKE SANNI

 

Justice A.R. Mohammed of the Federal High Court, Abuja, on Monday, May 11, 2020, ordered the interim forfeiture of N510 million, belonging to Vice Air Marshal Uko Etim Obong, in an application filed by the Economic and Financial Crimes Commission, EFCC.

 

According to a statement sent to DAYLIGHTNG.COM, the Commission’s application for interim forfeiture  was pursuant to Section 44 (2) of the Constitution of the Federal Republic of Nigeria, 1999, as amended.

 

EFCC’s intelligence scooped the money stashed in Sterling Bank and discreet investigation revealed it was a  proceed of unlawful activities, traced to AVM Obong.

 

It could be recalled that AVM Obong was the Commander of the Presidential Air Fleet between 2013 and 2015, and allegedly enriched himself corruptly while serving in that capacity.

 

The former Air Chief was alleged to have used some of his cronies and companies, such as Magnificent 5 Ventures Ltd; Tripple Kay Company Nigeria Ltd, and Elionenai International College, as conduits to drain public funds while concealing his identity.

Justice Mohammed, thereafter, granted the prayers of the EFCC and ordered the interim forfeiture of the said sum and adjourned the matter to May 26, 2020 for hearing.