Court stops ex-NNPC DG Yakubu’s bid to retrieve $9.8m

by Azeez Adeniyi

A Federal High Court in Kano has rejected an application filed by former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Andrew Yakubu, seeking the retrieval of his forfeited monies.

The EFCC had discovered $9.8m and £74, 000 in a building belonging to Yakubu in Kaduna.

The agency then secured an interim forfeiture of the funds.

[Read Also: COURT STRIKES OUT ANDREW YAKUBU’S N1BN SUIT AGAINST EFCC, AGF]

But Ahmed Raji, counsel to Yakubu, filed an application, asking the court to set aside the order on the premise that it had no jurisdiction to entertain the matter.

Justice Zainab Abubakar however dismissed the application on Wednesday.

Yakubu is currently facing charges of money laundering before a federal high court in Abuja.

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