A Federal High Court in Kano has dismissed the application filed by a former Managing Director of the state oil firm, NNPC, Andrew Yakubu, seeking to quash the interim forfeiture order of $9.8 million found in his house in Kaduna by Economic and Financial Crimes Commission.
Justice Zainab Abubakar said the court has jurisdiction to hear the case, contrary to the argument of Mr. Raji,the ex-NNPC GMD counsel
His arraignment was sequel to a raid which was carried out by the operatives of the commission on his property at Kaduna. The search led to the discovery of $9,772,000 and £74,000 stashed in fire- proof safes.
The judge also ruled that the application seeking to set aside the case lacks basic legal framework and that the EFCC is competent according to Section 29 of its Act to seek for the order of interim forfeiture.
The EFCC had on February 13, 2017 secured the court’s order on the forfeiture of the over $9.8 million retrieved from Yakubu’s house in Kaduna.
Yakubu is already being prosecuted by the anti-graft agency for the money found in his house on February 2.
On Tuesday, a witness told a Federal High Court in Abuja, where the ex-NNPC GMD is being prosecuted, how the money was found.