A Federal High Court in Abuja has ordered a temporary forfeiture of 378, 000 US dollars and a Mercedes Benz GLS 600 Maybach alleged to be proceeds of unlawful activities,l linked to Paul Chukwuma, the Managing Director and Chief Executive Officer of Sides Et Ratio Academy Limited to the Federal Government.
Justice Emeka Nwite, in a ruling, made the order after Osuobeni Akponimisingha, counsel for the Independent Corrupt Practices and Other Related Offences Commission (ICPC), moved a motion ex-parte to the effect
Justice Nwite, who granted the motion, also directed the commission to publish the notice in a national daily for interested person(s) to show cause why the cash and the vehicle should not be permanently forfeited to the Federal Government.
The judge adjourned the matter until Feb. 20 for report of compliance.
The money and the vehicle, allegedly said to be proceeds of unlawful activities, were linked to Paul Chukwuma, Managing Director and Chief Executive Officer of Fides Et Ratio Academy Limited.
In the motion ex-parte marked: FHC/ABJ/CS/1982/V/2024 and filed by the ICPC Chairman himself, Dr Musa Aliyu, SAN; Chukwuma, Prof Dr Klaus Stierstorfer, and Fides Et Ratio Academy Limited we sued as 1st to 3rd defendants respectively.
Aliyu, in the motion, sought an order temporarily forfeiting the sum of 378,000 dollars being funds restricted vide Post No Debit Order placed in the Zenith Bank Account of Fides Et Ratio Academy Limited-5074703084.
He also sought an order “temporarily forfeiting the movable property to wit: MERCEDES BENZ GLS 600 MAYBACH” to Federal Government.
Besides, he prayed the court for an order directing the commission to publish a notice in any national newspaper for interested person(s) to show cause why the said property should not be permanently forfeited to the Federal Government of Nigeria.
Aliyu further sought an order directing the anti-corruption commission to open an escrow (interest yielding) account with the Central Bank of Nigeria (CBN) in the name of the ICPC and Fides Et Ratio Academy Limited in respect of the alleged $378,000.00.
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