Home / Metro / Assets Forfeiture: Presidential Panel Seals Nwaoboshi’s Properties In Delta, Abuja And Lagos

Assets Forfeiture: Presidential Panel Seals Nwaoboshi’s Properties In Delta, Abuja And Lagos

Nwaoboshi Appeals Judgment Sacking Him As Delta North Senator-Elect
A file photo of Senator Peter Nwaoboshi


The Special Presidential Investigation Panel for the Recovery of Public Property says it has sealed up certain suspicious assets and properties belonging to the Senator representing Delta North Senatorial District, Senator Peter Nwaoboshi.

The assets are said to be located in Warri and Asaba in Delta State as well as some in Lagos State.

A statement issued by Mr Emmanuel Nwachukwu, the Media Adviser to the Chairman of the panel, Chief Okoi Obono-Obla, said the panel carried out the action against the background of last week’s ruling of a Federal High Court sitting in Abuja which ordered an interim forfeiture of properties belonging to Senator Nwaoboshi.

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The Senator was recently referred to the Office of the Department of Public Prosecutions, Federal Ministry of Justice by the Special Presidential Investigation Panel for allegedly making false assets declaration in his Form CCB1 submitted to the Code of Conduct Bureau.

On the 2nd of July, Justice Taiwo Taiwo, made the order for the interim forfeiture of the assets. The judge also placed a post-no-debit order on some bank accounts linked to Sen. Nwaoboshi.

According to the ruling, 14 properties and 22 bank accounts linked to the senator are to be temporarily forfeited to the federal government.

Aside from sealing up the properties, the Panel also wrote to 4 banks to block Senator Nwaoboshi from operating the accounts maintained by him in these banks pursuant to the Court’s Order of Interim forfeiture.

Some of the properties sealed by the Presidential Panel includes Summing Electrical Company located at Asagba along Asaba Airport Road, Asaba, Delta State; PON filling station along Asaba Airport Road, Asaba, Delta State, and a Multibillion Naira Estate under construction at Maryam Babangida Road, Asaba, Delta State.

Others are: Cartage Cinema located at Okpana Road beside Rain Oil Petrol Station, Asaba, Delta State; Newbridge filling Station along Airport Road, Warri, Delta State and a house at No 8 Monu Olanrewaju Crescent, GRA, Asaba, Delta State.

Other properties sealed in Lagos are Guinea House, at No 27, Marina Road, Apapa and a multi-billion building located at 41, Burma road, Apapa, Lagos.

In Abuja, House No 25, 6932 road, Adban Estate, Gwarimpa; and Plot 3011B Kuranakh Close, Maitama were also sealed.

The court also ordered that the Senator and or any person interested in the assets shall within 30 days show cause why they should not be permanently forfeited to the Federal Government.

Further proceedings were then fixed for the Oct. 8.

Source: Channels. You can read more stories Channelson

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