Presidential panel directs 4 banks to freeze Nwaoboshi’s accounts


The Special Presidential Investigation Panel for the Recovery of Public Property said it had written to Zenith Bank Plc, UBA Plc, Sterling Bank Plc and Access Bank Plc to freeze all accounts operated by the senator representing Delta North, Mr. Peter Nwaoboshi.

The panel which disclosed this in a statement by its chairman, Mr. Okoi Obono-Obla, on Saturday in Abuja also disclosed that it had sealed off all suspicious assets and properties belonging to Nwaoboshi, located in Abuja, Warri, Asaba in Delta State, and Lagos State respectively.

The statement also said 14 properties and 22 bank accounts linked to the senator “are to be temporarily forfeited to the federal government.”

It added that the panel carried out the action based on the ruling of a Federal Capital Territory High Court ruling last week, ordering an interim forfeiture of properties belonging to the senator.

In a suit the panel filed on behalf of the federal government, the presiding judge, Justice Taiwo O. Taiwo placed a post-no-debit order on Nwaoboshi’s bank accounts.

It would be recalled that Nwaoboshi was recently referred to the office of the department of public prosecutions, federal ministry of justice for allegedly making false assets declaration in his Form CCB1 submitted to the Code of Conduct Bureau.

Some of the properties sealed include Summing Electrical Company located in Asagba along Asaba Airport Road, Asaba; PON filling station, Asaba Airport Road, Asaba and a multi-billion naira estate under construction on Maryam Babangida Road, Asaba.

Others are Cartage Cinema, Okpana Road, Asaba; Delta State; Newbridge Filling Station, Airport Road, Warri and a house at 8 Monu Olanrewaju Crescent, GRA, Asaba.

The properties sealed in Lagos are Guinea House, 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 sealed.

In addition, the panel sealed a number of plots of land.


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