Jane Asuquo, an Unbiased Corrupt Practices and Different Similar Offences Fee (ICPC) witness, has informed a Federal Top Courtroom, in Abuja, that Haruna Momoh, ex-Managing Director, Pipelines and Merchandise Advertising and marketing Corporate (PPMC), used his spouse, Ochuko, to launder $700million.
She mentioned this on Wednesday whilst attesting as the first prosecution witness sooner than Justice Taiwo Taiwo, mentioned the act used to be perpetrated between 2012 and 2015 when Haruna used to be the MD.
NAN reviews that Ochuko, used to be on March 9, arraigned sooner than Justice Taiwo through the ICPC.
Ochuko used to be arraigned along Blessing Azuka-Ngozi, Stanbic-IBTC Financial institution %, Energopol Nigeria Restricted, Blaid Building Restricted and Blaid Farms Restricted on a 22-count fee however later lowered to 13 counts.
The first defendant within the new fee, Haruna Momoh, is at huge.
All over exam through the ICPC Attorney, Osuobeni Akponimisingha, Asuquo mentioned “someday in 2015, ICPC gained a petition towards Haruna Momoh freezing PPMC about 700 million greenbacks.
“The petition used to be first of all assigned to every other workforce at the moment which had Paul Bassey, James Udoh and so on, as individuals.”
Asuquo, an Assistant Leader Investigative Officer with the fee, mentioned the case used to be reassigned to her workforce on July 19, 2018.
“We went during the document to look what our colleagues had finished,” she recalled, including that the workforce found out that Ochuko had plenty of firms which she utilized in conniving along with her husband to defraud the PPMC.
“When we went during the document, we despatched letters of invitation to 1st and second defendants and asked paperwork from monetary establishments used, the Bureau de Trade (BDC) operators, Company Affairs Fee (CAC), FCTA and different firms registered beneath the Corporations and Allied Issues Act, and so on.
“We gained responses to letters despatched out equivalent to statements of account, account opening paperwork and different related paperwork,” she mentioned.
She mentioned letters had been written to Stanbic-IBTC Financial institution, Union Financial institution, UBA, Get right of entry to Diamond Financial institution Heritage Financial institution and Citibank.
Asuquo, alternatively, mentioned 3 letters had been written to Ochuko, inviting her to the place of job however she didn’t honour them.
The witness narrated how cash used to be moved out of PPMC in tranches within the identify of award of contracts.
Asuquo mentioned investigations through the fee printed that Ochuko and her kids had over 50 accounts domiciled in numerous banks.
“There have been a lot of money flows in those accounts working into billions in naira and in greenbacks. The investigation additionally printed that the accounts had been opened between 2012 and 2015 when Momoh used to be head of PPMC.
“We had a route to ask some banks like Stanbic-IBTC as a result of once we went during the financial institution statements of Stanbic-IBTC, we found out a lot of unusual inflows; a scenario of anyone creating a deposit of about N10 million in someday.
“We drew the eye of the financial institution to those and invited them if such transactions had been customary and in the event that they document this to NFIU and CBN,” she remarked.
Asuquo mentioned that the financial institution, in a reaction letter, admitted that such an act used to be “unusual.”
She mentioned throughout the investigation, it used to be found out that Energopol Nigeria Restricted had no place of job in Port Harcourt as claimed of their paperwork.
“The corporate cope with best exists on paper,” she said, noting that additional investigation confirmed that the financial institution statements of Blaid Building Restricted, despite the fact that duly registered with CAC, didn’t point out how salaries of the workforce had been paid opposite to the declare that they’ve over 10 workers running within the corporate.
“We asked for contract paperwork from PPMC and so they obliged us. We found out that during 2013, when Momoh used to be nonetheless the MD, he awarded a freelance of N250 million to Blaid Building Corporate, owned through his spouse. We sought to ask the previous PPMC MD however they answered that he may just now not be traced via his ultimate cope with”.
Asuquo mentioned Azuka-Ngozi may just now not give you the fee with any report since she mentioned she used to be now not running with Energopol Nigeria Restricted.
“We wrote letters to CAC at the following firms: Ambassador World and Go well with Ltd, Blaid Engineering, Blaid Building Ltd, and so on and so they answered. We wrote to PPMC to ask Haruna Momoh however they wrote to us that they couldn’t get his ultimate cope with.
“We write for the record of contracts awarded and PPMC wrote to us via a letter,” she mentioned.
She added that the 313 Bureau De Trade operator, one Abubakar Bashir, additionally wrote a letter to the fee in keeping with its findings.
The ICPC legal professional tendered the paperwork in proof.
Justice Taiwo later adjourned the topic till October 28 and October 29.