Court Freezes Bank Accounts Linked to Ex-NNPCL GMD, Kyari, over Suspicious Transactions

The Federal High Court in Abuja has ordered the temporary freezing of four bank accounts linked to the former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari.

The Economic and Financial Crimes Commission (EFCC) sought the freeze as part of an ongoing fraud investigation into suspicious transactions. The court granted the order following an exparte application, stating that there is sufficient reason to warrant the freezing of the accounts to preserve funds pending the conclusion of the investigation.

The accounts in question are held at Jaiz Bank and are believed to be connected to alleged misappropriation of funds and criminal breach of trust. The EFCC investigator revealed that the funds in these accounts were allegedly used to receive suspicious inflows from NNPC and various oil companies.

The case has been adjourned until September 23 to allow the EFCC to conclude its investigation and report back to the court.