A Federal High court sitting in Kano yesterday ordered that the $9.8 million and 74,000 pounds recovered from the former Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, be forfeited to the federal government.
The court presided over by Justice Zainab Abubakar, gave the order while ruling on an ex parte application filed before it by Counsel to the Economic and Financial Crimes Commission (EFCC).
Mr. Salisu Sani, counsel to the commission moved the application seeking an interim forfeiture of the recovered money to the federal government.
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”
The EFCC had last Friday announced the recovery of the N3bn from the residence of the former NNPC boss located in Kaduna.