TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Appeal Court okays forfeiture of Yakubu’s $9.77m, £74,000

The Citizen by The Citizen
April 28 2018
in Financial Crimes, Headlines
A A
0
Appeal Court okays forfeiture of Yakubu’s $9.77m, £74,000

The Kaduna Division of the Court of Appeal on Friday affirmed the decision of the Federal High Court, Kano which ordered the interim forfeiture of the money found in a house in Kaduna belonging to former Group Managing Director of NNPC, Andrew Yakubu.

It would be recalled that on the 3rd of February, 2017, operatives of the Economic and Financial Crimes Commission stormed a house allegedly belonging to the former NNPC boss and uncovered the sum $9,772,800 and another £74,000 stashed in a fireproof safe.

The money, according to Yakubu, were gifts from well wishers. However the Commission suspected that the money were proceeds of crime and that prompted the EFCC to secure an interim forfeiture from the Federal High Court on the money.

Yakubu, through his counsel Ahmed Raji SAN approached the Federal High Court in Kano asking the court to revoke the order.

The Federal High Court Kano presided over by Justice Z.B Abubakar on the 10th of May, 2017 dismissed the application of Yakubu and affirmed the order of  interim forfeiture it granted on the 13th February,  2017.

Yakubu being dissatisfied with decision of the Federal High Court, approached the court of appeal in his desperate bid to reverse the interim forfeiture order and get his money back.

The appeal was filed on the 22nd of May, 2017 while the Commission filed its response which was subsequently adopted on the 29th of January 2018 and matter was then adjourned to today for judgment.

The appeal was brought on grounds of Jurisdiction, misrepresentation of fact by EFCC that the money is suspected to be proceeds of illegal activities.

He further argued that Section  29 of the EFCC Establishment Act is null and void while at the same time submitted that, Section 28 of the EFCC Act offends the provision of Section 44 (2)(k). In Section 43 of the EFCC Establishment Act, he argued that the Attorney General of the Federation did not make regulations and guidelines consequently, all forfeiture made shall be null and void.

However, the respondents in their reply contended that the ruling of the lower court validating its order was not perverse and that sections 28 and 29 of EFCC Act are valid and operational notwithstanding the alleged failure of the AGF to make regulations for their operations.

In a judgment delivered by Justice Obietonbara  Daniel  Kalio who headed the panel of the three judges, the appellate court resolved all the  issues in favour of EFCC.

 

Previous Post

Anti-graft: I must recover all looted funds — Buhari

Next Post

Why I did not reply Obasanjo’s letter –Buhari

Related Posts

Reps in rowdy session over motion to summon Tinubu
Governance

Reps withdraw own state police bill, consider Tinubu’s proposal

July 15 2026
Police confirm arrest of embattled ‘fake’ agency DG
Headlines

Police confirm arrest of embattled ‘fake’ agency DG

July 15 2026
FG suspends WAEC, NECO fees hike
Headlines

FG suspends WAEC, NECO fees hike

July 14 2026
BREAKING: Kidnapped Oyo pupils, teachers regain freedom
Headlines

Gov. Makinde seeks UN probe into Oyo abduction

July 14 2026
David Mark-led ADC prays court to reverse INEC’s decision
Headlines

BREAKING: Appeal Court bars INEC from recognising Mark-led ADC congresses

July 13 2026
Low enrollment forces NECO to postpone 2024 entrance exams
Headlines

FG suspends proposed WAEC, NECO fee hike

July 13 2026
Next Post
Why I did not reply Obasanjo’s letter –Buhari

Why I did not reply Obasanjo’s letter –Buhari

Buhari heads to U.S today to meet Trump

Buhari heads to U.S today to meet Trump

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Sokoto LG chairman quits APC, resigns from office

Sokoto LG chairman quits APC, resigns from office

by The Editor
July 8 2026
0

...

Bauchi Electoral Commission fixes August 17 for LG election

Bauchi Electoral Commission fixes August 17 for LG election

by The Editor
June 19 2026
0

...

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

APPOINTMENTS

Tony Elumelu to step down as UBA chair, bank names successor

Tony Elumelu to step down as UBA chair, bank names successor

by The Editor
July 6 2026
0

...

Sahara Group appoints Folake Soetan as Arahas MD to drive oilfield services transformation across Africa

Sahara Group appoints Folake Soetan as Arahas MD to drive oilfield services transformation across Africa

by The Editor
July 3 2026
0

...

Tinubu appoints new NUC chairman

Tinubu appoints new NUC chairman

by The Editor
June 23 2026
0

...

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

by The Editor
June 11 2026
0

...

ODDITIES

Court remands blogger over defamation of Soludo, son

Court remands blogger over defamation of Soludo, son

by The Editor
July 13 2026
0

My mother trained me selling akara, bananas – Tinubu’s aide backs First Lady’s remarks

My mother trained me selling akara, bananas – Tinubu’s aide backs First Lady’s remarks

by The Editor
June 28 2026
0

Of bandits and their informants/sponsors

Police, military, others lost 282 rifles to gunmen – Report

by The Editor
June 27 2026
0

GLOBAL NEWS

Nine European countries, Ukraine form defence coalition

Nine European countries, Ukraine form defence coalition

by The Editor
July 14 2026
0

...

Putin orders Russian nuclear forces on high alert

EU, UK hit Russia with joint sanctions over cyber attacks

by The Editor
July 14 2026
0

...

Reps in rowdy session over motion to summon Tinubu

Xenophobic attacks: Reps reject calls to suspend ties with South Africa

by The Editor
July 10 2026
0

...

US readies more Iran strikes after ditching ceasefire

US readies more Iran strikes after ditching ceasefire

by The Editor
July 8 2026
0

...

China test fires missile into Pacific, alarms regional powers

China test fires missile into Pacific, alarms regional powers

by The Editor
July 6 2026
0

...

State of the States

Anambra agency cracks down on illegal street trading, shanties in markets

Anambra agency cracks down on illegal street trading, shanties in markets

by The Editor
July 14 2026
0

...

Plateau Assembly moves to provide pensions for ex-lawmakers

Plateau Assembly moves to provide pensions for ex-lawmakers

by The Editor
July 10 2026
0

...

Gov. Nwifuru hails establishment of new Army Depot in Ebonyi

Gov. Nwifuru hails establishment of new Army Depot in Ebonyi

by The Editor
July 8 2026
0

...

Imo Police comb forests with drones, rescue kidnapped victim

Imo Police comb forests with drones, rescue kidnapped victim

by The Editor
June 28 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
UK-based Nigerian caregiver dies by suicide

UK-based Nigerian caregiver dies by suicide

July 15 2026
Reps in rowdy session over motion to summon Tinubu

Reps withdraw own state police bill, consider Tinubu’s proposal

July 15 2026
Police confirm arrest of embattled ‘fake’ agency DG

Police confirm arrest of embattled ‘fake’ agency DG

July 15 2026
Spain beat France 2-0, seal place in World Cup final

Spain beat France 2-0, seal place in World Cup final

July 15 2026

EDITORIAL REVIEW

Jega resonates loudly on Electoral Act underbelly – Punch

Jega resonates loudly on Electoral Act underbelly – Punch

by The Editor
July 14 2026
0

Almajiri Commission: Stop this budgeting absurdity – Punch

Almajiri Commission: Stop this budgeting absurdity – Punch

by The Editor
July 13 2026
0

Boko Haram destroyed over 500,000 houses in North-East – Agency

Deadly toll of living with terrorism – Punch

by The Editor
July 9 2026
0

Nigeria’s costly blackouts – Punch

Nigeria’s costly blackouts – Punch

by The Editor
July 8 2026
0

Herders’ violence: Enough excuses, implement ranching – Punch

Herders’ violence: Enough excuses, implement ranching – Punch

by The Editor
July 7 2026
0

Opinion

Remi Tinubu under fire over akara, roasted corn remarks

Beyond ‘akara’ leadership

by The Editor
July 6 2026
0

...

Trump’s U-turn on Iran war ends Israel’s Middle East dream

Trump’s U-turn on Iran war ends Israel’s Middle East dream

by The Editor
June 17 2026
0

...

Terrorists kidnap Army Major General, wife in Katsina

Slain General: When the protectors need protection

by The Editor
June 17 2026
0

...

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.