• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Sunday, October 25, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

Court Freezes Company Assets Over Alleged NNPC Fraud

Nathaniel Irobi by Nathaniel Irobi
October 6, 2025
in News
0
Court Freezes Company Assets Over Alleged NNPC Fraud

Court Freezes Company Assets Over Alleged NNPC Fraud

0
SHARES
17
VIEWS
FacebookTwitterWhatsappEmailTelegram

The Abuja Division of the Federal High Court has ordered a temporary freezing of Mars Aviation Ltd.’s account domiciled in Fidelity Bank Plc over an alleged link with Nigerian National Petroleum Company Limited (NNPCL)’s fraud case.

Justice Musa Liman gave the order following an ex parte motion moved by the Economic and Financial Crimes Commission (EFCC)’s lawyer, Geraldine Ofulue, to that effect.

RelatedPosts

Senator Lau Condemns Taraba Killings, Calls For Urgent Security Action

—Whizdom Foundation awards N200,000 scholarships to debate finalists

Taraba Attack: Residents Claim 26 Killed, Police Confirm 10 Deaths

Ms Ofulue had told the court that the account was currently being investigated in a case of criminal misappropriation and money laundering.

She prayed the court to issue an order freezing the account pending the conclusion of the investigation.

After moving the motion, Justice Liman said the application was meritorious and was accordingly granted.

Though the order was made on September 22, its certified true copy was sighted on Monday.

The anti-graft agency had filed the ex parte motion, marked FHC/ABJ/CS/1299/2025. It was dated and filed on July 1.

The agency had sought an order empowering its executive chairman, Ola Olukoyede, or any other authorised officer of the commission, to instruct the managing director of the bank stated in the schedule to the application to freeze the account contained in the schedule.

According to the motion, the account number is 5250350283 (C03651082) with the account name Mars Aviation Limited.

In the affidavit in support of the motion ex parte, Abdulganiyu Olayide, an EFCC investigator in the Special Duties Committee, averred that his team was assigned to handle the case.

ALSO READ:  We are emboldened by the enactment of PIA, Host Communities

Mr Olayide said the anti-graft agency received an open-source intelligence alleging that some money had been paid by NNPCL to Mars Aviation Ltd for purported contracts that were phony and granted in default of the provisions of the Procurement Act.

He said that based on this, the commission launched an investigation and found that huge sums of money had indeed been paid to the account of Mars Aviation Ltd by NNPCL in various instalments.

Mr Olayide said an order of the court instructing the MD of Fidelity Bank to freeze the account as contained in the schedule would be imperative to enable further investigation into the case and prevent any transactions on the account.

According to the investigator, this interim application is basically to preserve the funds and prevent any transactions on the accounts, pending the conclusion of the investigation.

He said it was in the interest of justice to grant the application.

“That I make this affidavit in good faith, believing its contents to be true and correct and in accordance with the Oaths Act,” he concluded.

(NAN)

Tags: NNPC Fraud
Previous Post

2027: ActionAid, IJAP urge judges to focus on merit, not technicalities of petitions

Next Post

New 100-Bed Mother and Child Hospital Inaugurated in Gombe by First Lady

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Senator Lau Condemns Taraba Killings, Calls For Urgent Security Action

Senator Lau Condemns Taraba Killings, Calls For Urgent Security Action

by Ojimaojo Abubakar
October 24, 2026
0

By Nahum Sule, Jalingo Senator Shuaibu Isa Lau, representing Taraba North Senatorial District, has condemned the killing of innocent residents,...

—Whizdom Foundation awards N200,000 scholarships to debate finalists

—Whizdom Foundation awards N200,000 scholarships to debate finalists

by Ojimaojo Abubakar
October 24, 2026
0

The Whizdom Empowerment Foundation has awarded N200,000 education scholarships to four students who emerged finalists in the second edition of...

Police Rescue 28 Girls Abducted In Katsina

Taraba Attack: Residents Claim 26 Killed, Police Confirm 10 Deaths

by Ojimaojo Abubakar
October 24, 2026
0

By Nahum Sule, Jalingo Fear and grief have gripped Binnari village in Karim Lamido Local Government Area of Taraba State...

Next Post
New 100-Bed Mother and Child Hospital Inaugurated in Gombe by First Lady

New 100-Bed Mother and Child Hospital Inaugurated in Gombe by First Lady

NSITF Commits to Enhanced and Compassionate Support for ECS Subscribers

NSITF Commits to Enhanced and Compassionate Support for ECS Subscribers

Recommended

2027: Kutumbu Group Pledges Support for Kefas, Commends Takum Chairman

2027: Kutumbu Group Pledges Support for Kefas, Commends Takum Chairman

5 days ago
LEADERSHIP News Editor Book Launch To Hold At Army Resource Center

LEADERSHIP News Editor Book Launch To Hold At Army Resource Center

3 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Drama In FCT Polls As APC, PDP Candidates Step Down For Each Other

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    0 shares
    Share 0 Tweet 0
  • Tiv People Of Benue State Celebrates Cultural Day In Sokoto

    0 shares
    Share 0 Tweet 0
  • Karu SSA Mobilises Youths For APC Ahead Of 2027

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (26)
  • Business (877)
  • Education (286)
  • Entertainment (475)
  • Health (261)
  • National (3,558)
  • News (11,318)
  • Opinion (508)
  • Politics (2,363)
  • Science (15)
  • Security (422)
  • Sports (794)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform