Elombah
Take a fresh look at your lifestyle.

Court orders final forfeiture of ex-Gov Yari’s money in Zenith, Polaris banks

By Taiye Agbaje [NAN]

244

Federal High Court, Abuja, on Tuesday, ordered the final forfeiture of former Governor of Zamfara, Abdulaziz Yari’s funds domiciled in Zenith and Polaris Banks.

The funds include 56, 056.75 dollars in Polaris Bank; N12.9 million, N11.2 million, 301, 319.99 dollars; N217, 388.04 and 311, 872.15 dollars in different Zenith Bank accounts in the name of Yari and his companies.

Justice Ijeoma Ojukwu, in a judgment, held that the former governor had not shown good cause why the order sought by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) should not be granted.

The ICPC had instituted a suit, praying the court for the former governor to show cause why the money under investigation should not be finally forfeited to the Federal Government.

The News Agency of Nigeria (NAN) reports that while Yari was the 1st respondent in the suit marked: FHC/ABJ/CS/916/2019, his two companies; Kayatawa Nigeria Ltd and B. T. Oil and Gas Nigeria Ltd were 2nd and 3rd respondents respectively.

Justice Taiwo Taiwo had, on Aug. 16. 2019, granted the order for interim forfeiture of the assets in an expert motion brought by the commission’s lawyer, Osuobeni Akponimisingha.

The ICPC had alleged that the funds were proceeds of unlawful activity. (NAN)

 


© Copyright 2020 ElombahNews.

DISCLAIMER : Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers of ElombahNews!
Would you like to be receiving ALL ElombahNews links ‘On The Go’ on WhatsApp Or Telegram? If yes, join us here on WhatsApp or Telegram, or provide us your Telephone number via publisher@elombah.com or sms/inbox +2349050382526 and you are good to go!
DOWNLOAD ElombahNews mobile app here
Send eyewitness accounts/ reports/ articles  to publisher@elombah.com; follow us on twitter @ElombahNews; like our Facebook page ElombahNews 

For adverts & inquiries, call +447460770987, +2349050382526

Comments are closed.

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

ElombahNews will use the information you provide on this form to be in touch with you and to provide updates and marketing.