● Court orders final forfeiture of $669,248 linked to Yari

● Court orders final forfeiture of $669,248 linked to Yari

A federal excessive courtroom in Abuja has ordered the everlasting forfeiture of over $669,000 in two financial institution accounts linked to Abdulaziz Yari, former governor of Zamfara state.

The funds embrace $56,056.75 in Polaris Bank; N12.9 million, N11.2 million, $301,319.99; N217,388.04 and $311,872.15 in numerous Zenith Bank accounts in the identify of Yari and his corporations.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) had accused the former governor of embezzling cash from the Zamfara state treasury.

But Yari, via his counsel, U. Kelechi, argued that he was wealthy earlier than his emergence as the state governor.

Delivering judgment on Tuesday, Ijeoma Ojukwu, the decide, held that Yari may not show how he earned the cash.

“There is nothing wrong in having huge sums of money in one’s account, but what the law requires is that such proceeds should emanate from legitimate sources or businesses,” Ojukwu mentioned.

“The respondents, who’ve been given the alternative to inform their story, have failed to present evidence for such authentic revenue. The respondents have not countered the case and info offered by the candidates.

“The respondents, having failed to set up the authentic supply of the monies as acknowledged on this case, the honourable courtroom hereby makes an order of final forfeiture of the following: An order of final forfeiture of the sum of N12,912,848.68, being proceeds of some illegal exercise stashed in Zenith Bank Plc in the identify of Abdulazeez Abubakar Yari.

“An order of final forfeiture of the sum of $57,056.75  being proceeds of some illegal exercise stashed in Polaris Bank in the identify 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 identify of Kayatawa Nigeria Limited.

“An order of final forfeiture of the sum of $319,000.91 being proceeds of some illegal exercise stashed in Zenith Bank Plc, in the identify of Kayatawa Nigeria Limited.

“An order of final forfeiture of the sum of N217,000.04 being proceeds of some illegal exercise allegedly stashed in Zenith Bank Plc, in the identify of B.T. Oil and Gas Nigeria Limited.

“An order of final forfeiture of the sum of $311,817.15 being proceeds of some illegal exercise stashed in Zenith Bank Plc, in the identify of B.T. Oil and Gas Nigeria Limited.

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

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