The Economic and Financial Crimes Commission, EFCC, on Thursday, January 24, 2013 identified and attached a property belonging to former governor of Delta State, James Ibori who is serving a jail term in a United Kingdom prison.
The property situated at No 5, Alpha Beach Road, Lekki, Lagos, is suspected to be one of the proceeds of money laundering for which the ex-governor was convicted in the UK.
The attachment of the property is the fall out of continued efforts by the anti- graft agency to trace, find and seize properties that were acquired with stolen funds by the former governor.
The property is a mansion with a mini reception at the ground floor and a detached Boys Quarters.
Two occupants of the house, Moses Abu and Kaycee Kasim, were interrogated and made useful statements.
More Report From EFCC
..Two Arrested Over $240,000 Illegal Cash
The Economic and Financial Crimes Commission, EFCC on January 23, 2013, arrested the duo of Moghalu Maduakonam and Esho Femi David at the Nnamdi Azikwe International Airport, Abuja for attempting to smuggle $240,000 out of the country.
While Maduakonam was travelling to Dubai, United Arab Emirates with $200,000.00 which he failed to declare; Istanbul, Turkey- bound David declared only $5,000 out of $40,050 in his possession.
The suspects have made useful statement.
They will be charged to court as soon as investigation is concluded.
Two days ago, precisely on January 23, 2013, a Federal High Court sitting Abuja and presided over by Justice Adamu Bello convicted one Mallam Abulrasheed Ibrahim for the offence of money laundering. He was arrested on Wednesday, November 7, 2013 by operatives of the commission as he prepared to board a Dubai, United Arab Emirates-bound Ethiopian airline, at the Nnamdi Azikwe International Airport when he declared the sum of $45,000 but a search revealed additional $143,858.
Justice Adamu Bello ruled that 25% of the total sum, which is $188,858 be forfeited and paid into the Federal Government Treasury by the court accountant and the remaining money returned to the convict through his counsel.
