Court dismisses Yakubu’s application to recover forfeited $9.8m

Andrew Yakubu, former General Managing Director

A Federal High Court in Kano State has struck down an application filed by former Nigerian National Petroleum Corporation (NNPC) Group Managing Director Andrew Yakubu, which sought to dismiss an interim order of forfeiture granted to the Economic and Financial Crimes Commission (EFCC) allowing the anti-graft agency to seize $9.8m from Yakubu’s house.

The application was filed on behalf of the former NNPC boss by his counsel, Ahmed Raji.

Raji argued that the court lacked jurisdiction to hear the case, but Justice Zainab Abubakar ruled to the contrary.

The presiding judge also ruled that the EFCC was within its rights to obtain an interim order of forfeiture, citing Section 29 of the EFCC Act.

It would be recalled that on February, EFCC operatives stormed Yakubu’s Kaduna State home and recovered over $9.8m in cash.

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