The large scale confiscation of assets belonging to the detained DCP.Abba Kyari for allegedly involving in transnational drug trafficking was certain on Tuesday after approval was given by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami.
The approval followed a request by the National Drug Law Enforcement Agency (NDLEA) in accordance with Act setting up the agency, stating that a drug trafficker loses proceeds of crime relating to the drugs.
With approval Kyari would lose huge cash in Bank accounts and assets worth billions of naira.
Some of the properties of the former police chief to be seized are personal houses, commercial buildings, wristwatches, and jewellery.
The federal government through the Ministry of Justice under Attorney-General, Abubakar Malami has approved the request to seize assets belonging to the former commander, of Inspector-General of Police Intelligence Response Team, DCP Abba Kyari on Monday, March 21.
List of assets to be forfeited to the Federal government are:
Vehicles
Hotels,
Personal houses
Commercial buildings
Wristwatches
Jewellery
Stocks
Bonds
Shares with First Bank Insurance PLC
Confirming the decision of the AGF, an officer of the Justice Mlinistry said:
“The AGF has endorsed the request by the NDLEA seeking approval for the confiscation of the assets of Abba Kyari, Ubua, and the other police officers involved in drug dealing.
“With the approval, the drug agency can now go after their property such as real estate, bank accounts, cash, vehicles, stocks, bonds and anything of monetary value.”
The officer whose identity was not revealed noted that the seizure of the properties of Kyari and his co-accused was to ensure that they did not benefit from ill-gotten riches.
