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Nairaland Forum / Nairaland / General / Politics / Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG (17265 Views)
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Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by LivingHuman: 6:21pm On Feb 14, 2017 |
A Federal High Court sitting in Kano presided over by Justice Zainab B. Abubakar today 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. According to a statement by the EFCC, the order was sequel to an application by the EFCC seeking an interim forfeiture of the recovered money to the Federal Government. The presiding Judge held that the recovered sum of $9, 772,000 which is now in the custody of the EFCC be forfeited to the Federal Government. Read the full statement below; "A Federal High Court sitting in Kano presided over by Justice Zainab B. Abubakar today ordered the forfeiture of the sum of $9,772,00 (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. 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. http://www.cambellsblog.com/2017/02/court-orders-forfeiture-of-yakubus-98m.html 4 Likes
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Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Splinz(m): 6:21pm On Feb 14, 2017 |
Good. Those Northerners can steal for Africa sha. 12 Likes 3 Shares |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Nobody: 6:22pm On Feb 14, 2017 |
That and more |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by GlorifiedTunde(m): 6:27pm On Feb 14, 2017 |
Splinz: Every tribe steals bro. We do not need tribalism. Stealing is not apportioned to a specific tribe alone, let us evolve in our thinking and submissions unbiasedly. GlorifiedTunde: 52 Likes 4 Shares |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Waspy(m): 6:43pm On Feb 14, 2017 |
A jail term of 5 years ( at least) must accompany the forfeiture ooo. That's the way to go. Enough is Enough 9 Likes |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by freeradical(m): 6:54pm On Feb 14, 2017 |
Fair enough. In this crucial era of dollar scarcity d recovered loot should ameliorate the rise in forex. My fear tho is that d corrupt ruling class will simply transfer d money to their cronies who will use it to further enrich themselves. If we had a credible judicial system, d office of the public prosecutor will see that every law broken by d perpetrator of this act is charged against him and surely if convicted he pays for committing such an act against the state. But I fear this may just be another selective show of anti corruption. 2 Likes 1 Share |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by fuckingAyaya(m): 7:02pm On Feb 14, 2017 |
nice move but the money should not be restolen 5 Likes |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by NeedGiftcards(m): 7:03pm On Feb 14, 2017 |
Soft work Meanwhile,If you have Amazon and iTunes gift cards for sale..I'm interested. Check my signature to contact me |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by LivingHuman: 7:34pm On Feb 14, 2017 |
NeedGiftcards: |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by veekid(m): 8:30pm On Feb 14, 2017 |
Buhari sef 1 Like 1 Share |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by darfay: 8:31pm On Feb 14, 2017 |
Who una dey deceive something wey una go still thief again. Mtcheew 1 Like |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by dfrost: 8:31pm On Feb 14, 2017 |
High time. Kudos. |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Nobody: 8:31pm On Feb 14, 2017 |
Authority Stealing 1 Like |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by bengasyl(m): 8:31pm On Feb 14, 2017 |
Oooooo God |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by LIBSocials: 8:32pm On Feb 14, 2017 |
See money |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Yello1(m): 8:32pm On Feb 14, 2017 |
On top d seizing recession still dey. Watin dem dey take all dis things wey dem seize do? Make government kuku seize us all ooo 1 Like |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by barackodam: 8:32pm On Feb 14, 2017 |
Wetin FG go use the money do still? Iranu oshi 2 Likes |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by KanwuliaExtra: 8:33pm On Feb 14, 2017 |
Eeeyah! El Rufai don whistle-blowrrram finish! One 2019 gubernatorial opponent down. Many more to go. Muchechechecheche! Aboki don begin bite demselves o. Power sweeeeeeet o! 2 Likes |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Koolking(m): 8:34pm On Feb 14, 2017 |
We needed no court here to tell the government what to do. Forfeiture should not include the whistleblower's 10%? Else you enter into bad business 1 Like |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Nobody: 8:34pm On Feb 14, 2017 |
Mmm |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Nobody: 8:34pm On Feb 14, 2017 |
Ehen. Good. Let Adesina not coman be telling us stories that touch of how recovered loot can't be touched till conclusion of court cases. 1 Like |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by somehowpenis(m): 8:35pm On Feb 14, 2017 |
The FG will still even steal it 1 Like |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by darkckUSA: 8:35pm On Feb 14, 2017 |
GlorifiedTunde: Well said my brother it is time for the people to come together.. Irrespective of tribe to weed out corruption.. 3 Likes 1 Share |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Pavore9: 8:36pm On Feb 14, 2017 |
The whistleblower don hammer! 1 Like |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Nobody: 8:37pm On Feb 14, 2017 |
Waspy: He stole enough to kill generations for the next 20 years and infact he has done just that.. and you think 5 yrs is ok.. in some countries who take corruption seriously - He would be executed publicly and all his assets forfeited to the government.. but as usual we Nigerians prefer our future to be doomed by half-measures.. these people should be killed and buried in the desert. Their actions have killed thousands in Nigeria already. Death is not good enough 9 Likes 2 Shares |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by SexyNairalander: 8:37pm On Feb 14, 2017 |
booked |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by MARKone(m): 8:37pm On Feb 14, 2017 |
Na only God know the number of "money cells" this man has, he is a certified money terrorist. 2 Likes |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Royalfurnitures: 8:38pm On Feb 14, 2017 |
Good news.. He should also be prosecuted Contact us for all your roofing jobs and roof maintenance etc |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by Olukat(m): 8:40pm On Feb 14, 2017 |
This government should wake up No court will just order for such without proper procedure. Lets stop all this madness and do what's right |
Re: Court Orders The Forfeiture Of Andrew Yakubu's $9.8m To FG by AdonaiRoofing(m): 8:41pm On Feb 14, 2017 |
Good development.. Hope the money won't be re -looted Contact us for all your roofing jobs and roof maintenance etc |
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