Justice A.R. Mohammed of the Federal High Court, Abuja, on Monday, May
11, 2020, ordered the interim forfeiture of N510 million, belonging to
Vice Air Marshal Uko Etim Obong, in an application filed by the Economic
and Financial Crimes Commission, EFCC.
The Commission’s application for interim forfeiture was pursuant to
Section 44 (2) of the Constitution of the Federal Republic of Nigeria,
1999, as amended.
EFCC’s intelligence scooped the money stashed in Sterling Bank and
discreet investigation revealed it was a proceed of unlawful
activities, traced to AVM Obong.
It could be recalled that AVM Obong was the Commander of the
Presidential Air Fleet between 2013 and 2015, and allegedly enriched
himself corruptly while serving in that capacity.
The former Air Chief was alleged to have used some of his cronies and
companies, such as Magnificent 5 Ventures Ltd; Tripple Kay Company
Nigeria Ltd, and Elionenai International College, as conduits to drain
public funds while concealing his identity.
Justice Mohammed, thereafter, granted the prayers of the EFCC and
ordered the interim forfeiture of the said sum and adjourned the matter
to May 26, 2020 for hearing.