The Economic and Financial Crimes Commission (EFCC) has seized 46 properties allegedly belonging to the former deputy chairman,
A Federal High Court in Abuja on Monday ordered the temporary forfeiture of the properties.
The court order showed that the properties were located in several locations in Abuja, Delta, Enugu and Bayelsa States.
The properties comprise 27 buildings, including a bank, office buildings and houses, at various stages of development and several pieces of undeveloped land.
Some of the properties include: a twin duplex office building – Plot R/151 (No. 30A) Kingsway Road, Old GRA, Enugu State; a parcel of land measuring 4833.241 sq. metres located at Uberi Bush along Mbiama Road, Akenta, Yenegoa, Bayelsa State; and a parcel of land located at Igbandaden Bush, Emeya 2 Town, Ogbia LGA, Bayelsa.
Others include: Properties located at 196, Melford Okilo Road, Amarata-Epie, Yenegoa, Bayelsa State (six units of one bedroom apartments, one unit of five bedroom bungalows, a block of six units of office space); a mansion at 24 Kainji Crescent, Maitama, Abuja and a bank building (former Intercontinental Bank) located at Plot No. 933 Cadastral Zone B01, Gudu District, Abuja.
The former chairman of Nigeria Social Insurance Trust Fund (NSITF) is facing charges of criminal conspiracy, abuse of oﬃce, diversion of public funds and money laundering.
The former chairman is alleged to have along with Umar Abubakar, the former Managing Director of NSITF, mismanaged and diverted over N69billion in government funds into their personal accounts through the award of suspicious and bogus contracts to proxy companies.