A Federal High Court in Abuja has requested the transitory relinquishment of landed property and money of N120,546,042.02 and $228,428.16 purportedly connected to resigned Air Vice Marshal (AVM) Chief Salu Atawodi and his wife, Winnie.
Equity Anwuli Chikere provided the between time relinquishment request in a decision on Thursday in an ex-parte movement contended by Ekele Iheanacho, legal counselor to the Economic and Financial Commission (EFCC).
Equity Chikere requested the EFCC to advertise the request for break relinquishment to empower anyone intrigued by the influenced property to show up under the steady gaze of the court and show cause inside 14 days why the property and reserve ought not be for all time relinquished to the Federal Government.
The appointed authority deferred further hearing till June 30 this year.
The EFCC, in a supporting affirmation, said the N120,546,042.02 and $228,428.16 are as of now remaining as interest for the second respondent (Winnie) with a speculation firm – ARM Investment Managers.
Named as third respondent in the movement stamped: FHC/ABJ/CS/537/2020 is a firm, Vector Integrated Limited.
The EFCC, who said it was examining claim of open finances redirection executed while Atawodi was the Chairman of the Presidential Implementation Committee on Maritime Safety and Security (PICOMSS), gave subtleties of how the resigned Air Force boss purportedly siphoned state’s assets, utilizing his wife,who was an administrator with Union Bank of Nigeria Plc somewhere in the range of 1982 and 2015.
It further expressed, in the supporting affirmation, that “the first respondent (Atawodi) was selected the Chairman of PICOMSS in 2006. He held the situation somewhere in the range of 2006 and 2012. In that limit, he was officially responsible for the everyday exercises of the council.
“PICOMSS got its subsidizing from Federal Government organizations like NIMASA, NPA, NNPC and ONSA. For example between December, 2010 and October, 2011, an all out total of N12, 902, 833, 200.00 was paid to the Committee (PICOMSS) by ONSA.
“As the Chairman of PICOMSS, the first respondent was a signatory to all the financial balances of PICOMSS in Union Bank Plc, Zenith Bank Plc, Oceanic Bank Plc (Now Eco Bank Plc) and Skye Bank Plc (presently Polaris Bank)
“By a letter dated twelfth November, 2010 and marked by the first respondent for the benefit of PICOMSS, an agreement for the entirety of $32,337,163.00 was granted to Xanatos Limited by PICOMSS.
“Xanatos acknowledged the honor of the agreement and the understanding was diminished into composing among PICOMSS and Xanatos Limited.
“In accordance with the said agreement PICOMSS paid a complete aggregate of N4,975,190,180.00 to Xanatos Limited between November, 2010 and October, 2011.
“After the primary installment of the aggregate of N600,000,000.00 to Xanatos ltd by PICOMMS, the organization moved the entirety of N300, 000, 000.00 to the second respondent’s organization Auswee Investment Ltd in Union Bank on twentieth December, 2010 and another N50, 000,000.00 on seventh January, 2011.
“The said Union Bank record of Auswee Investment Ltd was opened on 21St December, 2010 and got the above expressed N300, 000, 000.00 installment as its first credit.
“The Union Bank Plc record of Auswee Investment Ltd was opened in the Maitama Branch of Union Bank which branch was under the regulatory control of the second respondent as the bank’s representative.
“This record Auswee Investment Ltd was opened utilizing a bogus Board goals dated eighteenth June, 2010 which was purportedly approved and secured for the sake of Chief Asiruwa Uhuango to be the sole signatory to the said organization’s record.
“In 2011, the first respondent while still the executive of PICOMSS by and by contributed the aggregate of $5,000,000 with Mr. Mohammed Jibrin the Managing Director of Suntrust Saving and Loans Ltd in real money.
“The said entirety of $5, 000,000.00 venture yielded enthusiasm of U551, 120, 000.00 and both chief sum and the ‘premium were consequently moved to Asset and Resource Management Company Ltd (“ARM Investment Managers”) in 2013 for additional interest for the respondents.
“Both first and second respondents have to a great extent put these assets in securing of properties both locally and universally.
“In any case, the totals of N120,546,042.02 and $228,428.16 looked to be relinquished are remaining as interest for the second respondent in ARM Investment Managers.
“Around the period where the first respondent made the money speculations with the Mohammed Jubrin, an all out money withdrawals of N917,389, 500.00 was mysteriously produced using PICOMSS financial balances in the accompanying way: (a) money withdrawal of N733, 889, 500 between 22/3/11 to 28/09/11 from the Union Bank account No. 001057733 (b) money withdrawal of N183,500,000 between 1/9/11 and 29/9/11 from the Zenith Bank Account No. 1012681209.
“The respondents who worked a few ledgers where billions of naira were kept in neighborhood and outside monetary forms didn’t unequivocally clarify the wellsprings of the money.
“As a previous open official, the first respondent fizzled and would not proclaim his advantages for the Code of Conduct Bureau either while in administration or after leaving office.
“As a broker, the second respondent never announced her advantages notwithstanding working various financial balances in her name, invented names just as corporate names in Fidelity Bank, where finances running into billions of naira were saved into the records ( in nearby and remote monetary forms while she was in the work of the bank.