Connect with us

News

Court Order: Andrew Yakubu forfeits $9.77m & £74,000 to FG

BellaNaija.com

Published

 on

Andrew Yakubu

Andrew Yakubu has forfeited the huge sum of money found in his secret safe in Sabon Tasha, in Kaduna town.

Justice Zainab B. Abubakar of the  Federal High Court sitting in Kano today ordered the forfeiture of $9,772,000 and £74,000 recovered from him to the Federal Government.

The order was sequel to an ex-parte application by the Economic and Financial Crimes Commission (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 EFCC.

In her ruling, Justice Zainab held  that the money now in the custody of the EFCC are in the interim forfeited to the Federal Government of Nigeria.

The money

On February 3, operatives of the Commission had stormed a building  in Sabon Tasha Kaduna City, belonging to the former NNPC boss and recovered the staggering stashed in a huge fire proof safe.
On February 8, 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. He was the GMD of Nigerian National Petroleum Corporation (NNPC) between 2012 and 2014.

9 Comments

  1. Udegbunam Chukwudi

    February 14, 2017 at 9:04 pm

    Forfeited asin he has struck a deal to just return the money to FGN and waka free without any prolonged court drama? I hope so oh.

  2. Me

    February 15, 2017 at 3:51 am

    How is he assisting the investigation?

  3. Feefeee

    February 15, 2017 at 4:54 am

    That’s because he has a lot more stashed somewhere. Come on EFCC get smart.

  4. John Doe

    February 15, 2017 at 6:17 am

    This is nothing to him. This is chump change compared to what he stashed away in other countries.

  5. Eric

    February 15, 2017 at 9:20 am

    This simply means this is probably 5% of what he has buried, stashed or in a cave somewhere. Bastard!!!

  6. Ayekooto

    February 15, 2017 at 11:09 am

    Just wondering..how wont dollars be scarce for crying out loud. This guy and some others in his category need to be tested for mental illness!

  7. Toks247

    February 15, 2017 at 1:01 pm

    Andrew Yakubu a.k.a Ole Jatiti a.k.a Greedy Bastard a.k.a Mental case. You are a big disgrace and God will punish you accordingly for your evil act. There is no other way to describe this but evil as there are millions of people suffering from poverty in Nigeria and you are stashing away $9.7m – Haba not even naira but forex in these hard times. Useless jagbajantis man!!!

  8. sharon

    February 15, 2017 at 1:52 pm

    So that’s it? How about prosecution? Hoow did he get the money?

  9. isaid!!

    February 15, 2017 at 4:06 pm

    This is someone’s dad, husband, brother,sister,son etc. i would die of shame if i were related in anyway to this man. He took greed to a new level

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Star Features

Recent Posts

Get The Pan-Atlantic Advantage

Advertisement
css.php