FEDERAL High Court, Lagos, on
Monday, ordered the temporary
forfeiture of a 12-storey
building belonging to Senator
Peter Nwaoboshi (PDP-Delta).
The property is located at 27,
Marine Road, Apapa, Lagos.
The court’s order was sequel
to an ex-parte application filed
by the Economic and Financial
Crimes Commission, EFCC.
Nwaoboshi and his two
companies, Golden Touch
Construction Project Ltd,
and Bilderberg Enterprises
Ltd are listed as respondents.
Arguing the application,
EFCC’s Counsel, George Chiayakua,
informed the court that
the application was pursuant to
Section 44(2)(k) of the constitution,
as well as Section 28 and 29 of the
EFCC (Establishment) Act 2004.
The EFCC counsel informed
the court that the commission
received a petition from an
anti-corruption group, ‘Anti-
Corruption and Integrity
Forum’, against the senator
and his companies on
alleged money laundering.
The EFCC stated that upon
receipt of the petition several
investigations were carried out.
It said it included making
enquiries from the Code of
Conduct Bureau, banks, Delta
State Governor’s office, Delta
State Tenders Board, Nigeria
Customs Service, and Lagos
State Ministry of Lands.
It noted that investigations were
also made at the Federal Inland
Revenue Service, FIRS, and
Corporate Affairs Commission,
CAC, with a view to tracing the
movement of funds suspected to
be proceeds of Illegal activities.
The EFCC stated that in 2010,
the Tender Board of Delta
State awarded a contract to
the senator’s second company
to purchase new construction
equipment for the Delta
State Direct Labour Agency.
It said this was at the sum of
N1.58 billion, adding that rather
than buying new equipment,
the company only imported and
supplied used equipment, while
the Delta State Government
fully paid for new ones.
It stated that upon investigation,
it was revealed that the senator
moved the proceeds to various
accounts linked to him and his
company bidded and bought the
said 12 storey building formerly
known as Guinea House.
It said this was for the sum of
N805 million, through the use
of his first company, Golden
Touch Construction Project Ltd.
The commission also stated
that further investigation
revealed that Nwaoboshi’s
Bank Verification Number
had about 20 bank accounts,
while his private companies
had about 23 bank accounts.
It therefore, urged the court
to grant the application in
order to prevent the disposal
of the building pending the
conclusion of investigation and
when a criminal charge will be
filed against the respondents.
After listening to the
submissions of counsel to the
applicant, Justice Anka ordered
that the 12-storey building be

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