NewStats: 3,261,124 , 8,173,104 topics. Date: Wednesday, 28 May 2025 at 09:58 AM 2k4s44

IC explained that the teacher who was on a monthly salary of N76,000 as of the time of her arrest in 2020, had N540 million in her bank with Guaranty Trust Bank.

The Federal High Court in Abuja has ordered the final forfeiture of N120 million traced to a primary school teacher, Roseline Egbuha, and her accomplices, to the federal government.

The court also ordered the forfeiture of cars, traced to Mrs Egbuha, a teacher with Ozala Primary School, Abagana, Anambra State.

A statement by the Independent Corrupt Practices and Other Related Offences Commission (IC), said on Thursday that the judge, D.U Okorowo, also ordered the forfeiture of cars, traced to the teacher.

IC’s spokesperson, Azuka Ogugua, said the court issued the order on 26 or 27 June but the commission’s lawyers only obtained the Certified True Copy (CTC) of the order on Wednesday.

The commission said the court order followed an ex parte motion filed in 2021 following allegations surrounding N540 million linked to Mrs Egbuha and her alleged accomplices.

How suspects tried to hide funds
IC explained that the teacher who was on a monthly salary of N76,000 as of the time of her arrest in 2020 had N540 million in her bank with Guaranty Trust Bank.

It said investigations by IC revealed Mrs Egbuha was involved in money laundering thereby prompting the commission to place a Post-No-Debit (PND) on her .

The suspect, however, obtained a court order from the Federal High Court, Abuja, lifting the PND placed on the , according to IC. She was said to have then promptly withdrawn the money and distributed it into multiple bank s owned by Bureau de Change operators and private individuals.

IC listed Mrs Egbuha’s alleged accomplices to include: James Erebouye, Emon Okune, Chisom Iwueke, Alonge Ojo, Maureen Chidimma, Owoyemi Mayowa and Ejeaka Ifeoma. It also said two private companies were charged to court over fraudulent activities and warehousing proceeds of the alleged crimes.

IC’s lawyer, Adesina Raheem, had in his court filings sought an order for the final forfeiture of the money and cars to the federal government.

The judge, after taking arguments from lawyers to the IC and the respondents, ruled that the funds found in seven individual bank s and that of two private companies should be forfeited to the federal government.


Breakdown of forfeited assets

The money assets covered by the order are N30.8 million in a Polaris Bank of Dorason Construction Ltd, N17.4 million traced to a Sterling Bank of James Erebouye and N16.4 million found in the Zenith Bank of Dybako and Sons Nig Ltd.

Another alleged accomplice, Ojo Alonge, forfeited N14.1 million traced to two separate s with First Bank and Ecobank respectively. Owoyemi Mayowa, on her part, forfeited N7.1 million held in Zenith Bank.

Also forfeited are the sums of N8.2 million, N9.7 million, N6.5 million and N122,100 kept in different bank s by Emon Okune, Chisom Iwueke, Maureen Chidimma and Ejeaka Ifeoma respectively.

Other items forfeited by the respondents are Toyota Lexus and Venza sport utility vehicles.

https://www.timesng.com/news/top-news/545570-primary-school-teacher-others-forfeit-n120m-cars-to-nigerian-government.html

Chai cabals don blow.

This one na money miss road o, mumu of the highest order, opportunity wey guys dey find. She could have use the money to buy gold or invest the money in landed properties or build houses and rent it out. She will forever die poor insha Allah.

The only thing remaining now is for Nigeria to institutionalize corruption

Stargangz:
This one na money miss road o, mumu of the highest order, opportunity wey guys dey find. She could have use the money to buy gold or invest the money in landed properties or build houses and rent it out. She will forever die poor insha Allah.

Could be that she was saving the money for her next generation

Fortunately her generation will have to suffer from her ignorance

Everytime we are always blaming the Govt and Politicians wu be the Govt and politicians na we the citizens everybody's looking for a way to rip the system....



I don't think Corruption can be defeated in this country....

This one will be shouting "Obidient" as well. She will blame Buhari for the scarcity of rain in Maiduguri. Ole.

ElSudani:
This one will be shouting "Obidient" as well. She will blame Buhari for the scarcity of rain in Maiduguri. Ole.

leave them.even if 10 peter obi enter today without change in mind set of people we will continue to sink in poverty in the country.
Just look at people's comment above and to tell u same people want a change in governance where as their own mind set is already thievery. I weep for Nigeria

I fear Nigeria civil servants

Primary School teacher?
Damn, this beech is crazy!

For Nigeria?

Why haven't they forfeited ant general's 90 billion naira, I mean this one is not even 10 percent of that and the money was not traced to any government , though I'm not siding the woman...


but what is good for Paul should be good for Peter...

Okk

Lobatan. Nigerians are corrupt sha. This teacher doesn't want her reward in heaven , she wants her reward here on earth.


There's an element of corruption in every Nigerian just that the degree varies

Chai there's God ooo, don't just know why I find this news so funny check my signature do you need carton to package your product talk to us

Islie:
IC explained that the teacher who was on a monthly salary of N76,000 as of the time of her arrest in 2020, had N540 million in her bank with Guaranty Trust Bank.



https://www.timesng.com/news/top-news/545570-primary-school-teacher-others-forfeit-n120m-cars-to-nigerian-government.html

How much did the ant general that stole 81billion naira forfeit to the govt?

H

Totilopussylick:


Could be that she was saving the money for her next generation

Fortunately her generation will have to suffer from her ignorance

Ignorance is disease indeed!

Okay

lexy2014:


How much did the ant general that stole 81billion naira forfeit to the govt?

Good question

Old news

So much money looted in this country ahn ahn

540-120= 420
Mama still made her profit

I still do not understand the woman's crime.
That it was a crime to own more N500m in an acct by an individual? Or because she's earning just N76000 naira monthly.
crime of money laundering from where to where? They should say the exact place she got the money from rather.
Those money might just be from her private investments or businesses.
Allege proceeds from which crime?
Una no even if the woman own private schools
0

I learnt about this case around last year. She has a son outside the country, probably Malaysia who was wiring the money to her for safekeeping.

Na wao!

Lucky to have escaped not going to jail. Greedy mother encouraging her son to make people cry so they can rejoice.

They should have told us how she managed to have 540 million, was it from the primary school funds or what?

Some of you saying she should have invested the money, how can she invest money that is not her own without permission?

My guess is the money belongs to her son who is probably outside the country