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High Court Orders Temporary Seizure Of Yari’s Bank Accounts

Jayfred Ugo

Jayfred Ugo

One Justice Taiwo Taiwo of the Abuja Division of the Federal High Court has ordered the temporary seizure of funds in all bank accounts linked to former Zamfara State Governor, Abdulaziz Yari, pending the resolution of the corruption allegations against him.

The federal government had issued a seizure order which was accepted by the high court. The federal government also noted that the seizure of funds in Abdulaziz Yari's bank accounts would enable the government conclude its investigation of corruption allegations against the former governor.

The funds are said to be in both local and foreign currencies amounting to billions of naira. The six bank accounts said to be operated by Yari include Zenith and Polaris Banks. Further reports suggest that two of the six accounts were opened and operated in Yari’s name. The remaining four were operated in the name of Yari's companies, Kayatawa Nigeria Limited as well as B. T. Oil and Gas Nigeria Limited.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), had filed a lawsuit against the former Governor of Zamfara, through an ex parte application submitted by one of the commission’s lawyers, Osuebeni Akponimisingha.

The motion, with number: FHC/ABJ/CS/916/2019, prayed the court for:

“An order of interim forfeiture of the sum of N12, 912, 848.68, being proceeds of some unlawful activity allegedly stashed in Zenith Bank Plc with account number: 1001381684 in the name of Abdulazeez Abubakar Yari.

“An order of interim forfeiture of the sum of $56, 056.75, being proceeds of some unlawful activity allegedly stashed in Polaris Bank with account number: 21 10000928 in the name of Abdulazeez Abubakar Yari.

“An order of interim forfeiture of the sum of N11, 159, 674.17 (Eleven Million, One Hundred and Fifty-Nine Thousand, Six Hundred and Seventy-Four Naira, Seventeen Kobo), being proceeds of some unlawful activity allegedly stashed in Zenith Bank Plc with account number: 1010757436 in the name of Kayatawa Nigeria Limited.

“An order of interim forfeiture of the s.um of $301, 319 99 (Three Hundred and One Thousand, Three Hundred and Nineteen Dollars, ninety-nine cents), being proceeds of some unlawful activity allegedly stashed in Zenith Bank Plc with account number: 5360050304 in the name of Kayatawa Nigeria Limited."