• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Ex-NNPC GMD Drags CBN, EFCC To Court Over $9.8m

by Kunle Olasanmi
2 years ago
in News
Ex-NNPC GMD
Share on WhatsAppShare on FacebookShare on XTelegram

The former group managing director of the defunct Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, has instituted a suit against the Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) over the custody of $9.8m cash belonging to him.

Advertisement

The former NNPC GMD sued CBN and EFCC alongside a commercial bank, for their refusal to release the $9.8 million which belonged to him.

The suit marked: FHC/ABJ/CS/231/2023 is before Justice Inyang Ekwo of the Federal High Court Abuja.

Yakubu, through his counsel, Ahmed Raji, SAN, filed the suit seeking an order directing the defendants to immediately release the money to him in view of the court judgment.

In the originating summons filed on March 8, 2023, Andrew is asking the court whether the EFCC ought to still have his seized money in its custody after a judgment in his favour on March 31, 2022.

RELATED

Association Sacks BOT /NEC For Defying NSCDC Directive

NSCDC Officer Arrested Over Death Of Police Officer, Unlawful Obstruction

5 minutes ago
How Dearth Of English, Mathematics Teachers Affects Academic Excellence In Nigerian Schools

Anambra Gov’t Bans Use Of Textbooks For Writing Assignments In Schools

2 hours ago
ADVERTISEMENT

He also asked the court “whether the court did not become dominus litis of the respective sums of $9,773,200 and £74,000 belonging to” him when same was put in issue, and in evidence before the court in charge number: FHC/ABJ/CR/43/2017 between Federal Republic of Nigeria v. Engr Andrew Yakubu, and in respect of which judgment was delivered on the 31st of March, 2022.”

“Whether the monies ought not to be released to him forthwith, or paid into an account under the control of the registry of the court, pending the outcome of the appeal lodged by the EFCC against the said judgment.”

He sought “An order directing the respondents to immediately transfer the said monies into an account under the control of the FHC chief registrar or into an account to be operated by the chief registrar, the EFCC and him, pending the determination of the appeal.

ADVERTISEMENT

However, in a notice of preliminary objection, the EFCC asked the court to dismiss the suit.

EFCC argued that the suit constituted an abuse of court process and that the court lacked the jurisdiction to entertain the matter.

The EFCC also informed the court that two other appeals arising from the case, were pending at the Supreme Court with appeal number:. SC/CR/241/2020, between the Federal Government and Yakubu, and appeal number: $C/CR/223/2020 between Yakubu and FG.

It noted that an appeal regarding the said judgment is before the court of appeal in Abuja.

EFCC averred that while waiting for the apex court to fix a date for hearing, Mr. Andrew brought an application asking the supreme court to direct the commission to deposit the monies in a bank account to be managed by the registry of the Supreme Court.

The EFCC prayed the court to discountenance Andrew’s application and uphold its preliminary objection in the interest of justice.

At the resumption of hearing today, Andrew’s lawyer, A.A. Usman informed the court that they were in receipt of counter affidavits from the defendants and they would need time to respond.

GTB’s lawyer, Idaye Imbu, also told the judge that a motion to regularize their processes had been filed.

The court granted the Bank’s prayer as other party’s did not oppose to it, but subsequently, Justice Ekwo adjourned the matter until May 18 for hearing.

In 2017, the EFCC had raided Mr Andrew’s house and seized $9,772, 800 alongside £74,000 from his home,

The EFCC suspecting that the funds were proceeds of crime, arraigned him on March 16, 2017 on a six-count charge bordering on money laundering.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: CBNefccNNPC
SendShare10189Tweet6368Share
ADVERTISEMENT
Previous Post

Worker’s Day: Federal Govt Declares Monday Public Holiday

Next Post

Qatar To Host 2027 Basketball World Cup

Kunle Olasanmi

Kunle Olasanmi

You May Like

Association Sacks BOT /NEC For Defying NSCDC Directive
News

NSCDC Officer Arrested Over Death Of Police Officer, Unlawful Obstruction

2025/08/29
How Dearth Of English, Mathematics Teachers Affects Academic Excellence In Nigerian Schools
Education

Anambra Gov’t Bans Use Of Textbooks For Writing Assignments In Schools

2025/08/29
Federal Gov’t Unveils Boards Of South, West, North Dev’t Commissions
News

Federal Gov’t Unveils Boards Of South, West, North Dev’t Commissions

2025/08/29
Tony Elumelu
News

‘How I Became Bank Manager At 27’ — Tony Elumelu

2025/08/29
‘Best Decision Of My Life’, Falz Announces Introduction To ‘Mystery’ Woman
Entertainment

‘Best Decision Of My Life’, Falz Announces Introduction To ‘Mystery’ Woman

2025/08/29
Community, Bandit Leaders Sign Accord To End Insecurity In Katsina
News

Community, Bandit Leaders Sign Accord To End Insecurity In Katsina

2025/08/29
Leadership Conference advertisement

LATEST

NSCDC Officer Arrested Over Death Of Police Officer, Unlawful Obstruction

Anambra Gov’t Bans Use Of Textbooks For Writing Assignments In Schools

Germany Warns Citizens To Vacate Iran Amid Retaliation Concerns

Fenerbahce Sack Mourinho After Champions League Exit

JUST-IN: Thailand Court Sacks Prime Minister Shinawatra Over Misconduct

Federal Gov’t Unveils Boards Of South, West, North Dev’t Commissions

‘How I Became Bank Manager At 27’ — Tony Elumelu

‘Best Decision Of My Life’, Falz Announces Introduction To ‘Mystery’ Woman

Community, Bandit Leaders Sign Accord To End Insecurity In Katsina

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.