WHY WE CAN'T RETURN $9.7M, £74,000 SEIZED FROM EX-NNPC GMD ~ EFCC
Why we can’t return $9.7m, £74,000 seized from ex-NNPC GMD — EFCC Andrew Yakubu (Globeraccess) •I want my money back—Yakubu The Economic and Financial Crimes Commission, EFCC, yesterday gave reasons it withheld alleged stashed loot that its operatives recovered from the home of a former Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu. Yakubu served as the GMD of the NNPC between 2012 and 2014. The EFCC, through its lawyer, Mr. Faruk Abdullah, told the Federal High Court sitting in Abuja, that it has gone before the Court of Appeal to set aside the judgement that dismissed a money laundering case it instituted against the former NNPC boss. According to the commission, since the seized funds are still subject of an ongoing litigation before the appellate court, it would be wrong to return them back to Yakubu. Consequently, it prayed the high court to dismiss an application the erstwhile NNPC GMD filed to compel it to return the funds ...