Court Okays Interim Forfeiture Of Ex-NNPC Director's $9.77m, £74,000

The Kaduna Division of the Court of Appeal on Friday affirmed the decision of the Federal High Court, Kano which ordered the interim forfeiture of the money found in a house in Kaduna belonging to former Group Managing Director of NNPC, Andrew Yakubu.

It would be recalled that on the 3rd of February, 2017, operatives of the Economic and Financial Crimes Commission stormed a house allegedly belonging to the former NNPC boss and uncovered the sum $9,772,800 and another £74,000 stashed in a fireproof safe.


The money, according to Yakubu, were gifts from well wishers. However the Commission suspected that the money were proceeds of crime and that prompted the EFCC to secure an interim forfeiture from the Federal High Court on the money.


In a judgment delivered by Justice Obietonbara Daniel Kalio who headed the panel of the three judges, the appellate court resolved all the issues in favour of EFCC.


From pm news