Stella Dimoko Korkus.com: Court Orders Forfeiture Of Andrew Yakubu’s $9.8m, £74,000 To FG

Advertisement

Advertisement - Mobile In-Article

Wednesday, February 15, 2017

Court Orders Forfeiture Of Andrew Yakubu’s $9.8m, £74,000 To FG

A Federal High Court sitting in Kano presided over by Justice Zainab B. Abubakar Tuesday ordered the forfeiture of the sum of $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.


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 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 EFCC custody assisting the investigation.

From dailypost.


*Nice but FG as in who exactly?



6 comments:

  1. And keep him behind bars till the trumpet sounds

    ReplyDelete
  2. I hope the money will not enter personal pockets, because they are all thieves.

    Since Buhari no dey, so many don they arrange their pockets. anyway shame on all who have looted this country badly

    ReplyDelete
  3. Good move. That was too much for a man to steal. Please lock him up for a long time as well.

    ReplyDelete
  4. Nigerians r wicked to demselves! Only one person??

    Chineke me nu mebere!!

    ReplyDelete
  5. Someone's sugar daddy just became broke. No more efizzy for her

    ReplyDelete

Disclaimer: Comments And Opinions On Any Part Of This Website Are Opinions Of The Writers Or Anonymous Persons And They Do Not Represent The Opinions Of StellaDimokoKorkus.com

Pictures and culled stories posted on this site will be given due credit and is not the fault of StellaDimokoKorkus.com if website culled from misrepresents source of story.

If you have a complaint or a story,Please Contact StellaDimokoKorkus.com Via

Sdimokokorkus@gmail.com
Mobile Phone +4915210329280