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Ex-Zamfara gov Yari forfeits N284m to FG
Friday Olokor, Abuja
A Federal High Court in Abuja on Tuesday ordered a final forfeiture of N284, 306, 294.04 linked to a former governor of Zamfara State, Abdulaziz Abubakar Yari, to the Federal Government.
The money was said to have been lodged with Zenith Bank and Polaris Bank.
Justice Ijeoma Ojukwu, who gave the final forfeiture order, said Yari could not prove how he made the huge sum of money while or before serving as governor of the state (between May 29, 2011 and May 29, 2019).
Yari and two companies belonging to him (Kayatawa Nig. Ltd and B.T. Oil and Gas Nig. Ltd.) were indicted for alleged fraud and were dragged to the court by the Independent Corrupt Practices and Other-Related Offences Commission.
Court Orders Forfeiture Of Ex-Gov Yari s N285m To Nigerian Government
Justice Ijeoma Ojukwu ordered that the funds in accounts of different companies linked to Yari being $56,056.75 in Polaris Bank; N12.9m, N11.2m, $301,319.99; N217,388.04 and $311,872.15 in different Zenith Bank be forfeited to the Federal Government.
by SaharaReporters, New York
Jan 27, 2021
A Federal High Court in Abuja on Tuesday ordered the final forfeiture of former Governor of Zamfara State, Abdulaziz Yari s hundreds of millions of naira to the Federal Government.
Justice Ijeoma Ojukwu ordered that the funds in accounts of different companies linked to Yari being $56,056.75 in Polaris Bank; N12.9m, N11.2m, $301,319.99; N217,388.04 and $311,872.15 in different Zenith Bank be forfeited to the Federal Government.
Ojukwu held that Yari had not shown good cause why the order sought by the Independent Corrupt Practices and Other Related Offences Commission should not be granted.
The ICPC had instituted the suit seeking an order compelling Yari to show why the funds under investigation should not be finally forfeited to the federal government.
The suit brought by ICPC counsel, Osuobeni Akponimisingha had two companies; Kayatawa Nigeria Ltd and B. T. Oil and Gas Nigeria Ltd as respondents.
The ICPC had in 2019 filed an ex parte motion before Justice Taiwo Taiwo of the same court seeking an interim forfeiture order, alleging that the funds were proceeds of unlawful activity, which was granted by the court.
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