Just In: Ex-NNPC boss Yakubu loses bid to retrieve forfeited $9.8 million


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Andrew Yakubu, a former Managing Director of Nigerian National Petroleum Corporation, has lost an application seeking to stop the forfeiture of his $9.8 million seized by the Economic and Financial Crimes Commission to government. Premium Times reports that a Federal High Court in Kano dismissed the application filed by Ahmad Raji, a counsel to Yakubu.
She also ruled that the EFCC was within its rights as stated in Section 29 of its Act to seek for the order of interim forfeiture. Justice Abubakar also noted that that the application seeking to set aside the case lacked basic legal framework.
Source: Naij

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