News Beyond Boundaries

Senator to forfeit 14 properties, 22 bank accounts

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By Daniel Atayi

Senator Peter Nwaobishi has been ordered by an Abuja High Court, an interim forfeiture of 14 properties and 22 Bank accounts adjudged to be criminally acquired.

Senator Peter, who represent Delta North was given 30 days to justify how he acquired the properties and convince the court not to grant a permanent forfeiture of the assets to the Nigerian government.

The bank accounts were traced to Zenith Bank, UBA, Access Bank and Sterling Bank, and they were all joined in the suit.

The order came amidst investigation and probe of Mr Nwaoboshi’s wealth, alleged by federal authorities as ill-gotten and should be forfeited.

The senator was arraigned previously on allegations of false assets declaration, but the tribunal that had powers to hear the case in Abuja threw it out, citing prosecutors’ failure to follow procedures for filing such a case.

Mr Nwaoboshi, who is already serving a second term as Senator, is been locked in a tough battle for the seat with Ned Nwoko, a business Lawyer based in Abuja. The Supreme Court had granted an accelerated hearing in an appeal filed by Mr Nwoko against the victory of Mr Nwaoboshi at the Court of Appeal, with final judgement expected in the next few days.


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