• About
  • Advertise
  • Careers
  • Contact
Saturday, March 14, 2026
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

N3bn loot: Return My Money Back To Me, Yakubu Tells Court

by ReportersAtLarge
February 19, 2017
in Featured, News
Reading Time: 2 mins read
0
Yakubu looted dollars
Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

ERSTWHILE Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, has asked a Federal High Court sitting in Kano to order the Federal Government to return to him, over N3billion that was found in his home in Kaduna.

Yakubu, in a motion on notice with suit number FHC/ICN/CS/24/2017, filed by his lead counsel, Mr. Ahmed Raji, SAN, asked the court to set aside the forfeiture order that granted FG ownership of the money which was discovered by operatives of the Economic and Financial Crimes Commission, EFCC, on February 9.

Specifically, he wants the court to set aside the order and return the $9,772,800 and £74,000,000 which he said belongs to him.

The former NNPC boss insisted that the court lacked the jurisdiction to grant FG ownership of his money.

According to him, the court, was bereft of the territorial jurisdiction to entertain the motion that culminated to the forfeiture order since it related to a crime that was alleged committed in Abuja.

RelatedPosts

Disability Group Petitions Oyo Assembly Over 10-Year Stagnation in Special Homes

Mark Carney’s Indo-Pacific Mission: Repositioning Canada For A New Global Economic Era

Oyo Assembly Begins Massive Probe of MDAs, LGAs Over Audit Queries

Raji, SAN, contended that going by section 45 of the Federal High Court Act, an offence should be tried only by a court exercising jurisdiction in the area or place where the offence was committed.

“No aspect of the perceived offence in respect of which the Order of February 13, 2017 was made, was committed within the Kano judicial division of this Honourable Court”, Raji argued. He further maintained that FG lacked the locus-standi to seek the interim order of the court granted on February 13.

“By Section 28 of the EFCC Act, only the commission, i.e. the EFCC has the vires to seek an order for the interim forfeiture of property under the Act.

“The power of this Honourable Court to make interim forfeiture order(s) pursuant to sections 28 & 29 of the Economic and Financial Crimes Commission Act, 2004 (herein after referred to a “EFCC Act”) is applicable ONLY to alleged offences charged under the EFCC Act and not to offences cognizable under any other law.

“The ex-parte order of this honourable court dated February 13, 2017, was made in respect of alleged offences under the Independent Corrupt Practices and other Related Offences Commission Act (herein after “ICPC Act”) and not the EFCC Act as prescribed by section 28 & 29 thereof.

“The conditions precedent to the grant of an interim forfeiture order under sections 28 & 29 of the EFCC Act were not complied with by the Applicant (FG) before the Order was made”, he submitted.

Besides, he argued that the combined effect of sections 28 and 29 of the EFCC Act was that a charge alleging infractions against the provisions of the EFCC Act ought to be brought against a suspect before the powers of the court under cections 28 & 29 of the EFCC Act, to order interim forfeiture of property, could be activated.

He insisted that without a formal charge, no prima-facie evidence could be established in order for the provisions of section 28 and 29 of the EFCC Act to be activated.

“In the instant case, no charge was brought against the Respondent/Applicant before the provisions of section 28 and 29 of the EFCC Act were activated to grant the ex-parte Order of February 13, 2017”, he stated.

Yakubu was Group Managing Director of the NNPC between 2012 and 2014. He was sacked by the administration of former President Goodluck Jonathan for alleged insubordination and corruption.

EFCC operatives raided his house situated in Sabon Tasha, Kaduna State, following a tip-off by a whistle-blower. The agency disclosed that it discovered the sum of $9.7m and £74,000 that Yakubu hid in a fireproof safe inside the house.

Tags: CorruptionLootNigeriaNNPC
SendShare2TweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Hon Adebo Ogundoyin, Speaker, Oyo State House of Assembly
News

Disability Group Petitions Oyo Assembly Over 10-Year Stagnation in Special Homes

by ReportersAtLarge
March 11, 2026
0

The Joint National Association of Persons with Disabilities (JONAPWD) has raised an alarm over "10 years of stagnation" in Oyo...

Read moreDetails
Prime Minister Mark Carney meeting Indo-Pacific leaders for trade and security alliances
Opinion

Mark Carney’s Indo-Pacific Mission: Repositioning Canada For A New Global Economic Era

by ReportersAtLarge
March 11, 2026
0

In the evolving landscape of global diplomacy and economic competition, nations that succeed are those that actively shape the international...

Read moreDetails
Oyo State House of Assembly Complex
News

Oyo Assembly Begins Massive Probe of MDAs, LGAs Over Audit Queries

by ReportersAtLarge
March 11, 2026
0

The Oyo State House of Assembly has commenced a rigorous two-week public hearing to scrutinise the Auditor-General’s reports on MDAs...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

AFCON Nigeria beat Sudan super eagles jubilate

AFCON 2025: Super Eagles To Face Tunisia, Uganda In Group C

1 year ago
Gunmen - Bandits Terrorists Attacks in Nigeria

Tragedy! Gunmen kill 3 Traditional Rulers In Imo

4 years ago

Popular News

  • toun soetan nigerian-gospel singer dead

    Gospel Music Legend Toun Soetan Passes On

    0 shares
    Share 0 Tweet 0
  • Iran’s New Supreme Leader Mojtaba Khamenei Defies Trump, Vows To Keep Strait of Hormuz Closed

    0 shares
    Share 0 Tweet 0
  • Strait Of Hormuz: Impact Of Iran Closing The Global Oil Corridor

    0 shares
    Share 0 Tweet 0
  • How Nigeria’s Hard-Won Sporting Reform Risks Being Undermined By Political Patronage

    0 shares
    Share 0 Tweet 0
  • ​E-AquaHealth Launches In Nigeria To Become Africa’s Leading Digital Aquaculture Ecosystem

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Gospel Music Legend Toun Soetan Passes On March 13, 2026
  • Iran’s New Supreme Leader Mojtaba Khamenei Defies Trump, Vows To Keep Strait of Hormuz Closed March 12, 2026
  • Strait Of Hormuz: Impact Of Iran Closing The Global Oil Corridor March 12, 2026
  • How Nigeria’s Hard-Won Sporting Reform Risks Being Undermined By Political Patronage March 12, 2026
  • ​E-AquaHealth Launches In Nigeria To Become Africa’s Leading Digital Aquaculture Ecosystem March 11, 2026
February 2017
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728 
« Jan   Mar »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights