Ex-Nigeria oil boss challenges forex seizure

ABUJA, (CAJ News) – FORMER Nigerian National Petroleum Corporation Managing Director, Engineer Andrew Yakubu, is seeking the forfeiture of vast amounts of foreign currency anticorruption operatives found stashed in his house.
The sum of $9,772 million and £74 000 was found at his Kaduna home in February.
The Economic and Financial Crimes Commission is seeking his prosecution for alleged money laundering.
He has however filed an application at the Federal High Court in Kano seeking for an order of interim order against the forfeiture.
Presiding officer, Judge Zainab Abubakar, has adjourned the ruling on the application.
The prosecution is seeking the interim forfeiture granted in favour of the Federal Government of Nigeria.
The matter has been adjourned to May 10.
CAJ News

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