Former Managing Director of the Pipeline Product Marketing Company, PPMC, Prince Haruna Momoh is currently under the radar of the Independent Corrupt Practices Commission, ICPC over the sum of $700 Million he fleeced
from the Petroleum agency and laundered in foreign Banks, sources familiar with the investigation hinted Pointblanknews.com.

As part of the investigation, traveling documents of Prince Momoh have also been confiscated by Federal Authorities to prevent him from fleeing the country while investigation is on-going.

Pointblanknews.com gathered from very credible sources that officials of the Metropolitan Police in the United Kingdom had placed Prince Momoh under investigation when huge sums running into several Millions of Dollars were deposited in London branches of Access Bank and First Bank.

According to a source familiar with the investigation who pleaded anonymity because he is not authorized to speak on the matter, Aig Imoukhuede, the former Managing Director of Access Bank was notified of the Millions of Dollars deposited in Access Bank, London branch. Not wanting to get into trouble, he immediately asked that the account be
closed.

Soon after the account linked to the former PPMC boss was closed by Access Bank, Mr. Imoukhuede was said to have immediately alerted the Metropolitan Police who swiftly began investigations.

Sources told Pointblanknews.com that preliminary investigations indicated that the sum of $700 million belonging to Prince Haruna has been traced through a lady acquaintance whom he uses as a front at a Bank in the Isle of Man.

Officials of the ICPC are said to have been intimated of the development and are currently collaborating with officials of the Metropolitan Police to repatriate the funds to Nigeria.

Efforts to reach the spokesperson of the ICPC were not successful but an official who from the anti-graft agency who spoke to Pointblanknews.com said he is not aware of the $700 million looted funds.

He said although Prince Haruna is under investigation on other matters relating to money laundering and fraud while he served as the PPMC boss.

“I can confirm he is under investigation for money laundering but I am not aware of the $700million fraud. That seem to be another new area I would have to cross-check with my superiors,” the source said.

Sources said while Haruna served in PPMC, he looted the agency, acquired choice properties which include 11 estates in Abuja and 13 Houses in London

He is also alleged to have laundered a whopping sum of $30million through Sterling Bank Plc using one Biodun, a staff of Access Bank as point man.

Part of the atrocities linked to the former PPMC boss include the use of Kerosene as Aviation fuel for which he allegedly rakes in for himself the sum of $1million for every five thousand tons of Kerosene sold as Aviation fuel.

Only recently, Chairman of the Airline Operators of Nigeria, the umbrella body of the domestic airlines in the country, Captain Nogie Meggison accused Aviation fuel marketers of selling kerosene as aviation fuel to airlines in the country.

He said the practice was already affecting the performance of the local carriers’ aircraft engines.

Meggison spoke at a one-day breakfast meeting organized by Aviation Round Table, an industry advocacy body, in Lagos recently.

“Oil marketers are now selling kerosene to us as aviation fuel. The NCAA is aware of this because we have sent a document to the NCAA on the issue,” the AON chairman said.

He said that the International Air Transport Association had sent a Notice to Airmen (NOTAM) to all airline operators coming into the country to beware of aviation fuel being sold to them in Nigeria, stressing that the NCAA had been notified of the development.

Sources said Haruna, in collaboration with some top officials of the NNPC allegedly connived with some Aviation fuel marketers to sell Kerosene as Aviation fuel, making huge profits which are in turn banked in both Nigeria and foreign accounts.

When Pointblanknews.com sought to speak with the former PPMC boss, his numbers were switched off and text messages not delivering.


http://pointblanknews.com/pbn/exclusive/icpc-to-confiscate-700million-stolen-by-momoh-former-ppmc-boss/

See money

Ok

hmmm

All we see, on the pages of newspapers from day to day are fictious reports of financial impropriety cases being filed against X and O. We don't ever see anyone being docked and officially charged for corruption. When will this government, realise that you can not make giant strides in governance on the pages of newspapers. When will they sit down and start planning strategically how to bring to Nigerians the Eldorado government, they promised prior to the elections. When, how and who will be the questions that will plague them, till the month of March 2019. Whether or not they like it, this questions won't go away.

and what next

Hmmm
WE SHALL PURSUE, OVERTAKE AND RECOVER ALL THAT THE ENEMIES, LOOTERS, RAPISTS AND WICKED EX-LEADERS STOLE AND PLUNDERED FROM US IN Jesus NAME.
NIGERIA MUST BE GREAT AGAIN AND BE RESPECTED BY OTHER NATIONS OF THE WORLD.

Sai Buhari


".....United Kingdom had placed Prince Momoh under investigation when huge sums running into several Millions of Dollars were deposited in London branches of Access Bank and First Bank".

"Sources told Pointblanknews.com that preliminary investigations indicated that the sum of $700 million belonging to Prince Haruna has been traced through a lady acquaintance whom he uses as a front at a Bank in the Isle of Man".

Jonathanohhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh

What is that _bitches name?

Grand theft future .
Psychopaths everywhere.

Jesus!

hinwazaka:
All we see, on the pages of newspapers from day to day are fictious reports of financial impropriety cases being filed against X and O. We don't ever see anyone being docked and officially charged for corruption. When will this government, realise that you can not make giant strides in governance on the pages of newspapers. When will they sit down and start planning strategically how to bring to Nigerians the Eldorado government, they promised prior to the elections. When, how and who will be the questions that will plague them, till the month of March 2019. Whether or not they like it, this questions won't go away.

Arresting and punishing will be hard because they're all guilty and connected. Getting our money back is the key right now, to build this economy.

oduastates:
Grand theft future .
Psychopath everywhere.

Oga I don miss this handle. Se ko si?

chimoskyg:
See money

as in eh...

p

Moneyab:

as in eh...

See the way all place dry for Jos
Economy harsh diee

APC government and lies?

Charge them to court o

Its been over a 100 days dammit!!