A Federal High Court sitting in Abuja has dismissed an application by a contractor to stop the Independent Corrupt Practices and Other Related Offences Commission, ICPC, from prosecuting him and his company in a $65 million money laundering case.
The contractor, Mr. Tarry Rufus, who is the Chief Executive of Good Earth Power Nigeria Limited, is being prosecuted by the ICPC alongside the former Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Gimba Kumo Ya’u and the former Executive Director of FMBN, Mr. Bola Ogunsola, over an alleged diversion of $65,000,000 meant for the development of 962 units of residential housing in Kubwa District of Abuja.
Justice Yilwa H. Joseph of the Federal High Court, Maitama, Abuja, upheld that the evidence before the court proved that a prima facie case of alleged misappropriation had been established through legal investigation and thus the court could not hinder the ICPC “from carrying out and performing its statutory duties”.
