A Federal Capital Territory High Court sitting in Zuba, Abuja , has ordered the forfeiture to the Federal Government of properties worth N 124 . 5 m said to have been illegally acquired by a principal accountant at the Finance and Accounts Department of the Ministry of Niger Delta Affairs , Daniel Obah .
Obah was arraigned before Justice E. O . Ebong by the Independent Corrupt Practices and Other Related Offences Commission for acquiring a four – bedroom duplex in Abuja and plots of land in Rivers State through corrupt means.
The ICPC counsel , John – Paul Okwor, told the court that the commission was relying on Section 48 (2 ) (3 ) of the Corrupt Practices and Other Related Offences Act , 2000 , which gave it the power to obtain a ruling of forfeiture or seizure of assets acquired by individuals through corrupt means.
A statement by the ICPC spokesperson , Rashedat Okoduwa , on Monday in Abuja , said the commission argued before the court that Obah and two other employees of the ministry , Poloma Nuhu and Mangset Dickson , allegedly carried out a coordinated fraud resulting in the withdrawal of N 605 m from the ministry ’ s 2014 constituency project account with the Central Bank of Nigeria.
The ICPC said , “The assets forfeited by Obah , which included a Toyota Camry car and a 2013 Honda Accord , were ascertained to be from the proceeds of the fraud .
The landed properties were a four -bedroom duplex at the Janew Home , Plot No . 3 Cadastral Zone D02, Karsana South District , Abuja, valued at N 60m ; and a plot of land at Ohia Ngbakiri , Ozuoba, Port Harcourt, Rivers State, valued at N 30m .
“ Others include plots of land at Oliopobo , Rumuekini New Layout , Obio Akpor Local Government Area of Rivers State, valued at N 18m ; plot of land at Umuodili Odubo , Abe Ndoni community, valued at N 16. 5 m ; and plot of land at the Livingstone Estate, Umuogodo , Igbo – Etche , Obio Akpor Local Government Area of Rivers State. ”
Although Obah told the court that the four – bedroom duplex was acquired with his legitimate income , the judge dismissed his plea for failing to provide evidence.
In another development , the Economic and Financial Crimes Commission has arrested a businessman , Babagana Dalori , for allegedly duping investors in his companies of over N 7 bn.
Dalori, a graduate of Electrical Electronics and Managing Director , Galaxy Transportation and Construction Services Limited , was said to have fleeced over 20, 000 Nigerians in 11 states of the amount .
The EFCC accused Dalori, 35, of allegedly luring his victims with mouth- watering returns on investment of between 135 per cent and 200 per cent .
The suspect , according to the anti – graft agency , said during interrogation that he started his business in 2012 with a tricycle, adding that by 2014 , hundreds of people had shown interest in his ideas , prompting him to diversify into other ventures .
He claimed that he diversified into sand mining, haulage and transportation , which he said attracted hundreds of investors , who parted with their money following the promise of high returns on investment , which was increased from 135 per cent to 200 per cent .
In 2016, Dalori explained that he went into full transportation business by registering Galaxy Transport and Construction Company with his mother as a co -director.
In 2017 , he invested about N 400 m in acquiring a quarry licence and started mining at Mpape , Abuja , adding that he had offices in 11 states , which were used to lure his victims with promises of incredible returns.
“ Dalori continued collecting money from people until his investors increased to 20, 700 .
But instead of concentrating on the line of business for which the investors had put their money , he further diversified as he registered Galaxy Global Energy Limited , Galaxy Miners Concepts Limited,
Galaxy Global Farms, Galaxy Guest Palace Limited , Galaxy Hospital, Galaxy Computing , Galaxy Block- moulding and Galaxy Car Wash , ” an EFCC source said .
Several victims told investigators that they invested between N 2 m and N 20 m in Dalori’ s ventures but were not given anything in return .
Prior to his arrest by the EFCC, it was gathered that the suspect had been unreachable by his victims , who were agitated by his failure to address their concerns .
The acting EFCC spokesman , Tony Orilade, confirmed that the suspect was in custody and was undergoing interrogation .