Home Judiciary Court Orders Final Forfeiture Of Ex-Governor Yari’s Money In Naira, Dollar Kept In Banks

Court Orders Final Forfeiture Of Ex-Governor Yari’s Money In Naira, Dollar Kept In Banks

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

The funds include $56,056.75 in Polaris Bank; N12.9 million, N11.2 million, $301,319.99; N217,388.04 and $311,872.15 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.

Reports Indicated that while Yari was the first 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 second and third respondents respectively.

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

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

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