Court Order: Freeze Rtd.Naval Officer, Yusuf’s accounts

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The Federal High Court in Abuja, on Wednesday granted permission to the Chairman of the Economic and Financial Crimes Commission (EFCC) to freeze the accounts of a retired Naval Officer, Admiral Tahir Yusuf.

The judge, Justice Ijeoma Ojukwu made the order following an ex-parte order filed by Mrs Elizabeth Alabi on behalf of the EFCC chairman, Ibrahim Magu.

She also ordered the directing Managing Director of Skye Bank to also issue a freezing order in respect to the same accounts in his bank.

Alabi informed the court that the commission received report regarding sums of money were transferred from the navy’s account to the account of Yusuf and Babajide Oguntade, both retired officers of the navy.

Inflow of about N2 billion into a joint account they had opened. Further investigation, revealed that the money had been spent.

Also discovered about seven accounts belonging to Yusuf with the bank and these are the accounts we want the court to freeze so we can conclude our investigation, “she said.

The counsel said that investigations were still on to know why cash were moved from the Nigerian Navy’s account into the individual accounts.

Justice Ojukwu adjourned the matter until April 20, for counsel to report back.

 

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