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.
Wilson Uwujaren
Head Media & Publicity
14th February, 2017
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