14 February 2017
Nigeria’s Federal Government on Tuesday got N3 billion richer, thanks to the ongoing anti-graft war.
A court on Tuesday ordered that the $9.8 million and 74,000 pounds recovered from a house belonging to Andrew Yakubu be forfeited to the Nigerian government.
The anti-graft agency, EFCC, last Friday announced it recovered the money (about N3 billion in total) from a Kaduna home of the former head of the state oil firm, NNPC.
Mr. Yakubu, who reportedly admitted owning the money has since been arrested and is in custody of the EFCC.
The Federal High Court in Kano presided over by Justice Zainab Abubakar ordered the forfeiture on Tuesday.
The order was sequel to an ex parte application by the EFCC 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 huge cash was hidden in a fire proof safe, the commission had said.