A primary school teacher's account containing N540 million is found by the ICPC, and the court rules strongly.

ICPC Uncovers N540 Million in Teacher’s Bank Account, Court Orders Asset Forfeiture

On Thursday, July 28, the Independent Corrupt Practices and Other Related Offenses Commission (ICPC) revealed that N540 million was discovered in the bank account of Roseline Egbuha, a primary school teacher earning N76,000 per month.

According to Premium Times, the Federal High Court in Abuja also ordered the final forfeiture of N120 million linked to Egbuha, who teaches at Ozala Primary School, Abagana.

The court, presided over by Justice D.U. Okorowo, also ordered the confiscation of vehicles connected to Egbuha and her associates involved in money laundering activities.

Court Ruling Specifics

• The ICPC’s attorney received the Certified True Copy of the ruling on July 27, though the court issued its orders on June 26 and 27.
• The court ruling responds to an ex-parte motion filed by ICPC in 2021, concerning N540 million allegedly concealed in Egbuha’s Guaranty Trust Bank account.

Breakdown of Forfeited Assets

• Dorason Construction Ltd.: N30.8 million (Polaris Bank)
• James Erebouye: N17.4 million (Sterling Bank)
• Dybako and Sons Nig Ltd.: N16.4 million (Zenith Bank)
• Ojo Alonge: N14.1 million (First Bank & Ecobank accounts)
• Owoyemi Mayowa: N7.1 million (Zenith Bank)
• Emon Okune: N8.2 million
• Chisom Iwueke: N9.7 million
• Maureen Chidimma: N6.5 million
• Ejeaka Ifeoma: N122,100

Additionally, sport utility vehicles, including a Toyota Venza and a Toyota Lexus, were forfeited.