Former Managing Director of the Petroleum Products Marketing Company, Mr. Haruna Momoh is currently swimming in stormy water as he is at the verge of forfeiting his deluxe houses in Dubai.
Mr. Haruna Momoh, ex-Managing Director of the Petroleum Products Marketing Company
Be that as it may, we can tell you for free that the Economic and Financial Crimes Commission (EFCC) has already obtained an interim forfeiture order from a Federal High Court in Lagos to confiscate the ex-PPMC boss’s numerous properties in Dubai.
We gathered the EFCC is already in talks with the United Arab Emirates with a view to seizing the properties said to worth N1.6billion. Sources said the properties are situated in highbrow areas of Dubai.
As if that is not enough, we further gathered that the former PPMC boss has also been linked to other illegal transactions reportedly perpetrated by the ex-Minister of Petroleum Resources, Diezani Alison-Madueke.
A reliable source disclosed to us document of the properties: “Unit 1402 PS, 14th Floor, located at Metro Central, Tecom, near Internet City Metro Station, Dubai, UAE; Unit 712 ES, 7th Floor, located at First Central, off Sheikh Zayed, Tecom, Al Barsha 3 Dubai, UAE; and Unit 512, 5th Floor, located at First Group, Marina Hotels, Al Seba Street, Plot 394-426 Dubai AE-AJ, UAE.”
“Unit 503 1 Bedroom Heritage, 5th Floor, located at First Central, Dubai Media City, Tecom, off Sheikh Zayed Tecom, Al Barsha 3, Dubai, UAE; Unit 1910 ES Heritage, 19th Floor, located at First Central, Dubai Media City, Tecom, off Sheikh Zayed Tecom; Unit 2507 Dubai Sports City; Unit 314 Dubai Sports City; and Unit 1002, Tecom Barsha 125616.”
However a source at the EFCC disclosed that: “We have informed the UAE authorities that from our investigation, we believe Momoh acquired those properties through corrupt means. The whole process is still ongoing but with the MLAT, signed by President Buhari, it has made work a lot easier for us.”
“The AGF is expected to write the UAE for the forfeiture of the properties after which they would be sold off and the proceeds returned to Nigeria.”
“Before the Federal Government signed the treaty, the UAE law prevented foreign officials from having access to properties in the country without the express permission of its owner. However, with the new treaty, the UAE authorities are more cooperative and would readily give information of properties from their Land Registry System.”