Home POLITICS This governor has just lost N700m to the federal government

This governor has just lost N700m to the federal government

by Bioreports
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This governor has just lost N700m to the federal government

– A whopping sum of money linked to a former governor will now be forfeited to the government

– This is according to a court order issued at the federal capital territory in Abuja recently

– According to ICPC, the money was stolen from the Zamfara state treasury

The Abuja Division of the Federal High Court has ordered the final forfeiture of about a N700million linked to former Governor of Zamfara state, Abdulaziz Yari, to the Federal Government.

The forfeiture order followed an application that was brought before the court by the Independent Corrupt Practices and other related offences Commission, ICPC.

ICPC had alleged that the former governor kept the funds in two accounts in two new generation banks, using his companies – Kayatawa Nigeria Limited and B.T. Oil and Gas Nigeria Limited.

The Commission alleged that the money was siphoned from Zamfara State treasury.

The court had on August 16, 2019, ordered interim forfeiture of the funds pending when Yari and his companies could prove why it should not be permanently forfeited to FG.

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