• Contact Us
  • About Us
Sunday, April 5, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Andrew Yakubu’s $9.7m stands forfeited to FG: Appeal Court

metro by metro
April 27, 2018
in News
0
0
SHARES
0
VIEWS
Andrew Yakubu
Former Group Managing Director, NNPC, Dr Andrew Yakubu (R) being escorted by Officials of the EFCC during his appearance at the Federal High Court in Abuja in March last year

The Kaduna Division of the Court of Appeal today affirmed the decision of the Federal High Court Kano which ordered the interim forfeiture of the money found in a house in Kaduna belonging to former Group Managing Director of NNPC, Engineer Andrew Yakubu.

On 3 February, 2017, operatives of the Economic and Financial Crimes Commission stormed a house allegedly belonging to the former NNPC boss and uncovered the sum $9,772,800 (Nine Million, Seven Hundred and Seventy Two Thousand, Eight Hundred Dollars ) and another £74,000 (Seventy Four Thousand Pounds Sterling) stashed in a fireproof safe.

Read Also

Downed Planes Raise New Perils For Trump As Tehran Hunts For Missing US Pilot 

Plateau Attack: Governor Claims Community, Security Operatives Blindsided

Amid Rising Insecurity, Tinubu Pledges Safer, More Secure Nigeria In Easter Message

The money according to Yakubu, were gifts from well wishers.

However the Commission suspected that the money was a proceed of crime and that prompted the EFCC to secure an interim forfeiture from the Federal High Court on the money.

Yakubu through his counsel Ahmed Raji SAN approached the Federal High Court in Kano asking the court to revoke the order.

The Federal High Court Kano presided over by Justice Z.B Abubakar on  10 May, 2017 dismissed the application of Yakubu and affirmed the order of interim forfeiture it granted on the 13th February,  2017.

Yakubu being dissatisfied with decision of the Federal High Court, approached the court of appeal in a  bid to reverse the interim forfeiture order and get his money back.

The appeal was filed on the 22nd of May, 2017 while the Commission filed its response which was subsequently adopted on the 29th of January 2018 and matter was then adjourned to today for judgment.

The appeal was brought on grounds of jurisdiction, misrepresentation of fact by EFCC that the money was suspected to be proceeds of illegal activities.

He further argued that Section  29 of the EFCC Establishment Act is null and void while at the same time submitted that, Section 28 of the EFCC Act offends the provision of Section 44 (2)(k). In Section 43 of the EFCC Establishment Act.

The learned silk argued that the Attorney General of the Federation did not make regulations and guidelines consequently, all forfeiture made shall be null and void.

However, the respondents in their reply contended that the ruling of the lower court validating its order was not perverse and that sections 28 and 29 of EFCC Act are valid and operational notwithstanding the alleged failure of the AGF to make regulations for their operations.

In a judgment delivered by Justice Obietonbara  Daniel  Kalio who headed the panel of the three judges, the appellate court resolved all the issues in favour of EFCC.

Tags: Andrew YakubuNNPC
Previous Post

Court orders Kogi govt to pay civil servant’s salary

Next Post

Buhari leaves for U.S on Saturday

Related Posts

Downed Planes Raise New Perils For Trump As Tehran Hunts For Missing US Pilot 
News

Downed Planes Raise New Perils For Trump As Tehran Hunts For Missing US Pilot 

April 4, 2026
Plateau Attack: Governor Claims Community, Security Operatives Blindsided
News

Plateau Attack: Governor Claims Community, Security Operatives Blindsided

April 3, 2026
Tinubu Signs Four Executive Orders, Suspends 5% Telecoms Tax On Calls & Data, Excise Duties 
Breaking

Amid Rising Insecurity, Tinubu Pledges Safer, More Secure Nigeria In Easter Message

April 3, 2026
Trump Upset As US Partners Reject Call For Hormuz Warship Escorts 
Breaking

US Fighter Jet Shot Down Over Iran, Search Underway For Crew, US officials Say

April 3, 2026
Next Post

Buhari leaves for U.S on Saturday

Amid Middle East War, Iran Set To  Participate In 2026 World Cup,  FIFA Boss Confirms

Amid Middle East War, Iran Set To  Participate In 2026 World Cup,  FIFA Boss Confirms

April 4, 2026
Downed Planes Raise New Perils For Trump As Tehran Hunts For Missing US Pilot 

Downed Planes Raise New Perils For Trump As Tehran Hunts For Missing US Pilot 

April 4, 2026
Capital Raising, Windfall Gains Put Banking Industry Under Scrutiny

Nigeria’s Recapitalised Banks In History- Making Era As Judiciary, Government Weigh In On Keystone, Polaris, Union

April 4, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version