A Federal High Court sitting in Kano presided over by Justice Zainab Abubakar has 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.
The order followed an ex parte application by the Economic and Financial Crime Commission (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 ruled, “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”
Abelnewsng.com recalled that on February 3, 2017, EFCC stormed a building allegedly belonging to the ex- NNPC helmsman and recovered a total of $9,772,000 and £74,000 stashed in a fire proof safe.
On February 8, 2017, Yakubu reported to the Commission’s Kano Zonal Office where he admitted that the money in question is for him