Court orders temporary seizure of N30.7m linked to NNPC fraud
A Federal High Court in Abuja has ordered the interim forfeiture of N30.7 million linked to alleged fraudulent activities involving officials of the Nigerian National Petroleum Company Limited. The order was granted following a request by the Economic and Financial Crimes Commission. Justice Emeka Nwite ruled that the funds should be temporarily forfeited to the Federal Government, pending further proceedings. The case involves high-profile individuals, including Mr Adamu Yakubu and Mr Ibrahim Sani, whose statements were taken during the investigation.
What happened
- The court granted the EFCC’s request for interim forfeiture of N30.7 million linked to alleged NNPC fraud.
- Justice Emeka Nwite ordered the publication of the forfeiture notice, giving interested parties 14 days to respond.
- The case was adjourned until January 22 for the EFCC to file a compliance report on the publication.
- Mr Adamu Yakubu, a Bureau De Change operator, and Mr Ibrahim Sani, a Federal Inland Revenue Services staff member, both denied ownership of the N30.7 million.
- The EFCC claims the funds are proceeds of unlawful activities and invoked the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
