Court orders forfeiture of ex-gov Yari’s huge cash
Andrew Orolua, Abuja
Federal High Court, Abuja on Tuesday, ordered the final forfeiture of former Governor of Zamfara State, Abdulaziz Yari’s funds domiciled in two banks.
The funds include $56, 056.75 in one of the banks; N12.9 million, N11.2 million, $301, 319.99; N217, 388.04 and $311, 872.15 in different accounts in the other bank in the name of Yari and his companies.
Justice Ijeoma Ojukwu, in his 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.
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The ICPC had instituted the 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.
Yari was the first respondent in the suit marked: FHC/ABJ/CS/916/2019, his two companies, Kayatawa Nigeria Limited and B. T. Oil and Gas Nigeria Limited were the second and third respondents, respectively.
Justice Taiwo Taiwo ha, 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.
