Justice Zainab B. Abubakar of the Federal High Court, Kano on Tuesday, ordered the forfeiture of the $9,772,000 and £74,000 recovered from a former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu to the Federal Government.
A press release issued by the Economic and Financial Crimes Commission, EFCC's Head of Media, Mr Wilson Uwujaren explained that the order followed an ex parte application by the anti-graft agency for an interim forfeiture of the recovered money to the Federal Government.
Ruling on the application, Justice Abubakar 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.”
Recall that the EFCC had on February 3 recovered the said sums of money in Kaduna following a raid on a building belonging to the former GMD of the NNPC.
Yakubu has been assisting the EFCC in their investigations since February 8 when he reported at their zonal office in Kano to admit ownership of the money and the building in which it was recovered.
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