A primary school teacher, Mrs. Roseline Uche Egbuha has been arrested following an investigation which exposed her alleged involvement in money laundering.
The Independent Corrupt Practices Commission (ICPC) said investigation showed that the money found in the bank account of the primary school teacher identified as Mrs. Roseline Uche Egbuha, are proceeds of money laundering from Malaysia.
Upon being interrogated, Egbuha said the money found in her account belonged to her 24-year-old son, Chidozie Fabian Ejeaka whose whereabouts could not be established.
She was arrested alongside three bank staff and her lawyer, Fredinard Isa due to their connivance in lifting the restriction placed on her account and the subsequent transfer of N550m (principal sum and interest) into the GTB account of FBI Legal, a company owned by the lawyer.
The agency said in its statement;
ICPC arrests Primary School Teacher, GTB Officials, Lawyer over N550m Money Laundering ICPC has arrested a primary school teacher, Mrs. Roseline Uche Egbuha, three staff of Guaranty Trust Bank (GTB) and a lawyer for allegedly laundering N550 million.
Mrs. Egbuha, a teacher with Ozala Primary School, Abagana, Anambra State, was earlier arrested in 2019 by ICPC and granted bail, after an investigation into her financial transactions consequent upon the receipt of a petition, had shown her alleged involvement in money laundering.
Also in ICPC custody are a Compliance officer of GTB, Beckley Ojo, an Operations Manager, Chisomaga Daly-Okoro, a staff of the legal dept. of the bank, Sarah Ugamah & a lawyer to GTB Nsikak Udoh. They were alleged to have connived with the sch. teacher to perpetrate the fraud.
ICPC, in a series of investigation, found that the school teacher had N539.5 million in her Guaranty Trust Bank account alleged to have been proceeds of money laundering from Malaysia.
She had told investigators during interrogation that the money found in her account belonged to her 24-year-old son, Chidozie Fabian Ejeaka, whose whereabouts could not be established.