Assets Forfeiture:Presidential Panel Seals Nwaoboshi’s Properties

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The Special Presidential Investigation Panel for the Recovery of Public Property has sealed up suspicious assets and properties belonging to Senator Peter Nwaoboshi, located in Warri, Asaba in Delta State, Lagos State and Abuja. 

The Presidential Panel carried out the action on the premise of the last ruling of a Federal High Court in Abuja which ordered an interim forfeiture of properties belonging to the senator representing Delta North, Peter Nwaoboshi,
Ruling in the suit filed by the Special Presidential Investigation Panel for the Recovery of Public Property on behalf of the Federal Government, Justice Taiwo Taiwo, also placed a post-no-debit order on 22 bank accounts linked to Nwaoboshi.
The embattled lawmaker was recently referred to the Office of the Department of Public Prosecution, Federal Ministry of Justice by the Special Presidential Investigation Panel led by Okoi Obono-Obla for allegedly making false assets declaration in his Form CCB1 submitted to the Code of Conduct Bureau.
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 several banks to block Senator Nwaoboshi from operating multiple accounts maintained by him in the banks pursuant to the Order of Interim forfeiture given by the Court.
Some of the properties sealed by the Presidential Panel include; Summing Electrical Company located at Asagba along Asaba Airport Road, Asaba; PON filling station along Asaba Airport Road, Asaba, and a Multibillion Naira Estate under construction at Maryam Babangida Road, Asaba, Delta State.
Others are Cartage Cinema located at Okpanam Road, beside Rain Oil Petrol Station, Asaba; Newbridge filling Station along Airport Road, Warri; and a house at No 8 Monu Olanrewaju Crescent, GRA, Asaba, Delta State.
Senator Nwaoboshi’s properties sealed in Lagos are Guinea House, No 27, Marina Road, Apapa: A multi-billion Naira building located at 41, Burma Road, Apapa, Lagos.
In Abuja, House No. 25 6932 roads, Adban Estate, Gwarimpa; and Plot 3011B Kuranakh Close, Maitama were sealed. Also, a number of plots of land were sealed by the Panel.

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