Court orders forfeiture of Yakubu’s $9.8m, £74,000 recovered by EFCC | Nigeria News Today. Your online Nigerian Newspaper

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A Federal High Court sitting in Kano presided over by Justice Zainab B. Abubakar, Tuesday, has ordered the forfeiture of 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) recovered from a former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu to the Federal Government.


According to a press release signed by Wilson Uwujaren EFCC Head Media & Publicity 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 had 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 custody assisting the investigation. 14th February, 2017

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  1. What is he still doing with the c commission by now when his head suppose to have been removed.Let me tell you the truth youths are very bitter now with most of our past office holders with what we are seeing,hearing and happening now.A day is coming that the youths we fight for themselves as we no more trust many of them again.Youths are suffering from unemployment and many of these people are using the public funds to enrich their pockets and their family enough is enough we are seriously done for youths revolution if by now anybody caught in the acts is not quickly punished.The gate of prison is widely open send them there.Many cannot eat and some are being enjoying money meant for development of the country on their own this is bad and not religious.Youths are suffering please save the country from sudden collapse.Clemo

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    1. Pls have u eaten today?..na MI talk am

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