Alleged Corruption: Court Orders Forfeiture of Andrew Yakubu's $9.8m to FG - EazyFeeds

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Wednesday 15 February 2017

Alleged Corruption: Court Orders Forfeiture of Andrew Yakubu's $9.8m to FG

A Federal High Court in Kano headed by Justice Zainab Abubakar has ordered the forfeiture of the sum of $9.772million and £74,000, respectively, recovered from the 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 Economic and Finan­cial Crimes Commission (EFCC) seeking an interim forfeiture of the recovered money to the federal purse.

The application was moved by Salihu Sani, coun­sel for the applicant.
In her ruling, Justice Zainab held “That the sum of $9.772 million and £74,000 which are now in the custody of the applicant (EFCC) are in the interim forfeited to the Federal Government of Nigeria.”
On February 3 2017, EFCC operatives stormed a building belonging to the former NNPC boss and re­covered the money 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 EFCC custody assisting the inves­tigator.

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