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
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. (Daily Post)
With this much amount of money found in one person’s house, how much money collectively can be found in the houses of all the top management team of NNPC?
The sad thing about all this is that, the president and his team of so called “corruption fighters,” either know this, has thought about it, or should know about it. Should they not?
Cash Ezimako