Court orders forfeiture of ex-gov Yari’s N284m to FG

By AdvocateNews on 26/01/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 570

Yari
Yari

A Federal High Court in Abuja on Tuesday ordered a final forfeiture of about N284, 306, 294.04 linked to a former governor of Zamfara, Abdulaziz Yari, to the Federal Government.

The money was said to have been lodged with Zenith Bank Plc and Polaris Bank.

Justice Ijeoma Ojukwu of the FHC who gave the final forfeiture order said that Yari could not show how he made the huge sum of monies while or before serving as governor of the state (between May 29, 2011, and May 29, 2019).

Yari and two companies belonging to him (Kayatawa Nig. Ltd and B.T. Oil and Gas Nig. Ltd) were indicted for alleged fraud and were dragged to the court by the Independent Corrupt Practices and Other-Related Offences Commission.

Justice Taiwo Taiwo, who had granted an interim order on those monies on August 16, 2019, told the respondents to exonerate themselves from the ICPC allegations.

The ICPC had accused the former governor of illicitly taking the money from the Zamfara State treasury to the detriment of his state.

The monies deposited at the two banks were $687,874.81 and about N24,289,522.89.

Yari’s lawyer, U. Kelechi, in his argument, claimed that he was rich before becoming the governor of the state.

His counsel also urged the court to set aside the interim order earlier filed against him.

Delivering her judgment, Ojukwu queried how one of Yari’s company’s bank accounts grew from zero to a humongous amount at the end of his tenure.

According to her, Yari cannot claim that the monies were his own without showing evidence.

While dismissing the allegation that it was a political witch-hunt, she ordered that the entire sum be forfeited to the Federal Government.

Justice Ojukwu said, “There is nothing wrong in having a huge sum of monies in one’s account. But what the law requires is that such proceeds should emanate from legitimate sources or businesses; the respondents who have been given an opportunity to tell their story, have failed to provide evidence for such legitimate income.

“The respondents have not countered the case and facts presented by the applicants. The respondents having failed to establish the legitimate source of the monies as stated in this case, the honourable court hereby makes an order of final forfeiture of the following:

“An order of final forfeiture of the sum of 12, 912, 848.68 naira being proceeds of some unlawful activity stashed in Zenith Bank Plc…in the name of Abdulazeez Abubakar Yari.

“An order of final forfeiture of the sum of $57, 056.75, being proceeds of some unlawful activity stashed in Polaris Bank with account number…in the name of Abdulazeez Abubakar Yari.

“An order of forfeiture of the sum of N11, 159, 674 .17, being proceeds stashed in Zenith Bank Plc…in the name of Kayatawa Nigeria Limited.

“The orders as identified and stated above shall be and are hereby forfeited to the federal government.”

Posted 26/01/2021 9:38:30 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Police dismiss 10 officers, demote 18 others

Togolese commits suicide for losing N7,000

Daura’s daughter reveals other side of Aisha Buhari...

Police arrest man who infected more than 200...

FG condemns Guinea coup, demands return to constitutional...

BREAKING: Bauchi gov’s elder brother kidnapped

Suspected kidnappers kill DSS operative after N5m ransom...

Kogi, Bayelsa election results were mere fiction –...

FG confirms another case of coronavirus in Nigeria...

Gunmen in military uniform kill scores in Narayi,...

Ruga: You cant’s force us to donate land...

PDP asks court to sack Dogara from House...

 

Latest News 2023: ‘Pairing of Governor Yahaya Bello and FFK as candidate and running mate untrue’ – APC Chieftain You’re just an attention seeker – PDP tells Umahi Maiduguri thrown into darkness again as ISWAP blows up high tension electricity towers Breaking: INEC office in Awgu, Enugu state set ablaze Angry residents set six suspected bandits ablaze in Sokoto community Ex-CBN Deputy Governor, Mailafia is dead Gunmen attack political meeting in Enugu, threaten no election in South East in 2023 EFCC arrests 16 internet fraud suspects in Enugu Osinbajo charges religious leaders to pay Pentecost tax Miyetti Allah chairman dies in the hands of kidnappers — Official Rumour of Ugwuanyi joining APC is false - Onoh Umahi sabotaged PDP in 2019 elections, PDP governors allege

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (169,331 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (167,441 views) Sickle cell support group seeks government intervention (167,439 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (167,439 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (167,438 views) Ebonyi bans embalming of corpses in homes (167,438 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (167,437 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (167,368 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (164,483 views) ASUU strike: Senate intervention ends in deadlock (164,071 views) All you need to know about Peter Obi, PDP VP Candidate (134,937 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (133,396 views)

 

 

SECTIONS FAITH (156) EDITORIAL (17) NEWS (6,642) POLITICS (493) SOCIETY (129) SPORTS (51) BUSINESS (364) HEALTH (57) EDUCATION (48) INTERNATIONAL (176) ENTERTAINMENT (49) TECHNOLOGY (1) COLUMNISTS (57) LETTERS (4) OPINION (37)

 

 


There are no video entries posted yet.