A Federal High Court sitting in Kano has ordered that the sum of $9,772,000 (Nine million, seven hundred and seventy two thousand US Dollars) and E74,000 (Seventy four thousand Pounds Sterling) recovered from Mr. Andrew Yakubu, the former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), be forfeited to the Federal Government.
The order came in response to an ex-parte application filed by the counsel to the Economic and Financial Crimes Commission (EFCC), Mr. Salihu Sani.
In her ruling, the Presiding Judge, Justice Zainab B. Abubakar held that the recovered money, which is now in the custody of the applicant (EFCC) be, in the interim, forfeited to the Federal Government of Nigeria.
Earlier this month, a building in Kaduna belonging to the former NNPC boss was raided by EFCC operatives and the staggering sum stacked in a large fire-proof safe was discovered.
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