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Court orders forfeiture of ex-gov Yari's N284m to Nigerian govt

Justice Ijeoma Ojukwu of the Federal High Court, Abuja, on Tuesday ordered the final forfeiture of over N284 million linked to a former governor of Zamfara, Abdulaziz Yari, to the Federal Government.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) had arraigned Yari and two companies – Kayatawa Nigeria Limited and B.T. Oil and Gas Nigeria Limited for allegedly taking the money from Zamfara State treasury.
The commission alleged that the funds – $687,874.81 and N24, 289,522.89 – were lodged in accounts domiciled in Zenith Bank Plc and Polaris Bank.
At Tuesday’s proceeding, the ex-governor’s lawyer, U.Kelechi, argued that his client was rich before he assumed office in May 2011. ....

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Court orders final forfeiture of over N700m linked to ex-Zamfara Gov, Yari -

By Ikechukwu Nnochiri
ABUJA-The Abuja Division of the Federal High Court, on Tuesday, ordered the final forfeiture of about a N700million linked to former Governor of Zamfara State, Abdulaziz Yari, to the Federal Government.
The forfeiture order followed an application that was brought before the court by the Independent Corrupt Practices and other related offences Commission, ICPC.
ICPC had alleged that the former governor kept the funds in two accounts in two new generation banks, using his companies – Kayatawa Nigeria Limited and B.T. Oil and Gas Nigeria Limited.
The Commission alleged that the money was siphoned from Zamfara State treasury. ....

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96 Firms Bid for Rehabilitation of NNPC Pipelines, Depots

Emmanuel Addeh in Abuja
Ninety-six companies from various jurisdictions have indicated interest in rehabilitating the Nigerian National Petroleum Corporation (NNPC) downstream infrastructure, including critical pipelines, depots and terminals.
A statement yesterday in Abuja by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, said the 96 companies emerged during a virtual public bid opening for the pre-qualification of bidders for the contract.
It stated that the public opening of the bids for the contract was in keeping with the NNPC management’s commitment to transparency and accountability in all its processes and transactions.
The NNPC noted that the public’s response to its Build, Operate and Transfer (BOT) financing model, was buoyed by the prevailing culture of Transparency, Accountability and Performance Excellence (TAPE) of the current management of the corporation. ....

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