Independent Corrupt practice and other related offence Commission(ICPC) says the agency has arrested a primary school teacher, Mrs. Roseline Uche Egbuha, three staff of Guaranty Trust Bank (GTB) and a lawyer for allegedly laundering N550 million.
ICPC made the disclosure in a statement in its official twitter handle on Friday
ICPC explained that it found out that the money was transferred on 4th June, 2020, the same day the court order was obtained. The lawyer claimed that the order vacating the restriction on the acct. was based on an out-of-court settlement with GTB which empowered his client to access her money.
The Commission said it also found out that the N550 million was promptly split and moved into multiple bank accounts owned by Bureau de Change operators and private individuals.
N340 million, in two instalments of N200 million and N140 million respectively, was allegedly moved into the Polaris bank account of a Bureau de Change operator.
N100m was transferred into the GTB account of Edokaf Multi-global while N18m was transferred to the private account of the lawyer, Isa. The balance of the money was moved into other accounts. The statement added that Investigation is ongoing and appropriate actions will be taken upon conclusion.
