Ex-NNPC GMD, Yakubu fails to reclaim $9.8m “dash”
Moves by former Group Managing Director of the Nigerian National Petroleum Corporation, Mr Andrew Yakubu, to reclaim his $9.8m seized by the Economic and Financial Crimes Commission (EFCC) has hit the rock.
T he Federal High Court in Kano refused to grant the ex GMD’s application to repeal the interim order of forfeiture earlier granted the EFCC on the money.
The court ruled that it had the jurisdiction to hear the case contrary to the argument of Yakubu’s lawyer, Mr. Ahmed Raji.
Justice Zainab Abubakar of the Kano High court also said that the application seeking to set aside the case lacked basic legal framework and that the EFCC was competent according to Section 29 of its Act to seek for the order of interim forfeiture.
The EFCC had on February 13, 2017 secured the Federal High Court order on the forfeiture of the over $9.8 million retrieved from Mr. Yakubu’s house in Kaduna.