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

That and more

Splinz:
Good. Those Northerners can steal for Africa sha.

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:





Chai!

Enough supporting PDP or APC.

These Old corrupt men do not care about anyone else.

We also are not helping the matter by supporting corruption.

There is an emergence of revolution - The New Nigeria Vanguard!

While many of us are sitting down by our keyboards complaining, other young, intelligent and resourceful Nigerians have begun taking steps.

We have no affiliations or sponsors

We are young Nigerians who will defy the anomaly.

Do not be left out

THE REVOLUTION IS HERE!!!


Check my signature

A jail term of 5 years ( at least) must accompany the forfeiture ooo. That's the way to go.







Enough is Enough

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.

nice move but the money should not be restolen

Soft work

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NeedGiftcards:
Soft work

Meanwhile,If you have Amazon and iTunes gift cards for sale..I'm interested. Check my signature to contact me

---

Buhari sef

Who una dey deceive something wey una go still thief again. Mtcheew

High time. Kudos.

Authority Stealing

Oooooo God

See money

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

Wetin FG go use the money do still?


Iranu oshi

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!

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

Mmm

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.

The FG will still even steal it

GlorifiedTunde:


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.

Well said my brother it is time for the people to come together.. Irrespective of tribe to weed out corruption..

The whistleblower don hammer!

Waspy:
A jail term of 5 years ( at least) must accompany the forfeiture ooo. That's the way to go.

Enough is Enough

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

Na only God know the number of "money cells" this man has, he is a certified money terrorist.

Good news.. He should also be prosecuted

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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

Good development.. Hope the money won't be re -looted

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