Ex-NNPC chief Yakubu loses bid to upturn forfeiture of $9.8m

Former NNPC supremo Andrew Yakubu
Justice Z.B Abubakar of the Federal High Court, Kano, Wednesday dismissed an application brought by a former Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu, seeking to set aside the interim forfeiture order of February 13, 2017 by the same court in respect of the sums of $9,772,000 and £74,000 found in the Kaduna home of the former NNPC boss.

The application was brought on grounds that the court lacks jurisdiction to entertain the matter and that the Federal Government lacks the competency or locus standi for the interim forfeiture order.

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Source: Today.ng

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