Court Orders Forfeiture Of ₦3 Billion Found With Former NNPC Boss To FG

The Federal High Court in Kano presided over by Justice Zainab Abubakar on Tuesday ordered the forfeiture of $9.8 million and £74,000 recovered from a house belonging to Andrew Yakubu to the Federal government.

The anti-graft agency, EFCC, last Friday announced it recovered the money (about ₦3 billion in total) from a Kaduna home of the former Group Managing Director of the NNPC.

Mr. Yakubu, who reportedly admitted owning the money has since been arrested and is in custody of the EFCC.

The huge cash was hidden in a fire proof safe, the commission had said.

EFCC operatives moving a cabinet with cash uncovered at Kaduna bunker of former Group Managing Director of NNPC, Andrew Yakubu. Source: SaharaReporters
EFCC operatives moving a cabinet with cash uncovered at Kaduna bunker of former Group Managing Director of NNPC, Andrew Yakubu. Source: SaharaReporters

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EFCC operatives at sight where $9.3m and £74,000 belonging to a former Group Managing Director, Nigerian National Petroleum Corporation, Mr. Andrew Yakubu, were discovered. Source:  SaharaReporters
EFCC operatives at sight where $9.3m and £74,000 belonging to a former Group Managing Director, Nigerian National Petroleum Corporation, Mr. Andrew Yakubu, were discovered.
Source: SaharaReporters

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 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

The spokesperson for the EFCC, Wilson Uwujaren, said in a statement that the surprise raid of the facility was sequel to an intelligence which the commission received about suspected proceeds of crime believed to be hidden in the slums of Sabon Tasha area of Kaduna.

On arrival at the facility, the caretaker of the house, one Bitrus Yakubu, a younger brother to Andrew Yakubu, disclosed that both the house and the safe where the money was found belong to his brother, Andrew Yakubu.

When the safe was opened it was discovered that it contained the sum of $9,772,800 and another sum of £74,000.

On February 8, Mr. Yakubu reported to the Commission’s Zonal office in Kano and made statement wherein he admitted ownership of the recovered money, claiming it was a gift from unnamed persons, Mr. Uwujaren said.

// premiumtimesng.com

1 comments

News App In 2016, the commission said it seized the ex-minister rsquo;s $ mansion in the Asokoro area of Abuja but Diezani has denied all the allegations levelled against her, saying all the seizures never belonged to her.

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