A Federal High Court sitting in Kano presided over by Justice Zainab B.
Abubakar today ordered the forfeiture of the sum of $9,772,00 and
£74,000 recovered from a former Group Managing Director of the Nigerian
National Petroleum Corporation, NNPC, Mr Andrew Yakubu to the Federal
Government.
According to a statement by the EFCC, the order was
sequel to an application by the EFCC seeking an interim forfeiture of
the recovered money to the Federal Government.
The presiding
Judge held that the recovered sum of $9, 772,000 which is now in the
custody of the EFCC be forfeited to the Federal Government.
Read the full statement below;
"A
Federal High Court sitting in Kano presided over by Justice Zainab B.
Abubakar today ordered the forfeiture of the sum of $9,772,00 (Nine
Million, Seven Hundred and Seventy-Two Thousand United States Dollars )
and £74,000 (Seventy Four Thousand Pound Sterling) recovered from a
former Group Managing Director of the Nigerian National Petroleum
Corporation, NNPC, Mr Andrew Yakubu to the Federal Government.
The
order was sequel to an ex parte application by the EFCC seeking an
interim forfeiture of the recovered money to the Federal Government.
The ex parte application was moved by Salihu Sani, counsel for the applicant.
In
her ruling, Justice Zainab held “That the sum of $9,772,000 (Nine
Million, Seven Hundred and Seventy-Two Thousand United States Dollars)
and £74,000 (Seventy Four Thousand Pound Sterling) which are now in the
custody of the applicant (EFCC) are in the interim forfeited to the
Federal Government of Nigeria”
It would be recalled that, on the
3rd day of February, 2017, operatives of the Commission had stormed a
building belonging to the former NNPC boss and recovered a staggering
sum of $9,772,000 (Nine Million, Seven Hundred and Seventy Two Thousand
United States Dollars) and £74,000 (Seventy Four Thousand Pound
Sterling) stashed in a huge fire proof safe. On February 8, 2017, Yakubu
reported to the Commission’s Kano Zonal Office where he admitted being
the owner of both the house and the money recovered.
Yakubu is still in custody assisting the investigation.
http://www.cambellsblog.com/2017/02/court-orders-forfeiture-of-yakubus-98m.html
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