The suspended Deputy Commissioner of Police, Abba Kyari, and his co-defendants are set to lose their properties and money in bank accounts to the Federal Government temporarily.
Recall that the National Drug Law Enforcement Agency (NDLEA) had in a letter sent to the Ministry of Justice penultimate week, asked the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), to grant approval for the seizure of assets belonging to Kyari and his co-accusers.
The suspended DCP and his co-defendants are facing eight counts of conspiracy, obstruction and dealing in cocaine, and other related offences before the Federal High Court in Abuja.
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Some of the assets include cash and money in bank accounts, stocks, bonds, vehicles, real estate, hotels, buildings, wristwatches, jewellery and other valuable possessions.
A senior justice ministry official revealed that Malami has granted a request made by the NDLEA to seize their assets pending the outcome of their case in court.
He disclosed that the seizure of assets of the former commander of the Intelligence Response Team (IRT) and his co-accused was to ensure that they did not benefit from the proceeds of crime.
“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 source said.
Recall that the NDLEA spokesman, Femi Babafemi, had confirmed that the agency had traced about N4.2bn to Kyari and his co-accused, ACP Sunday Ubua’s bank accounts.
Babafemi added that the accused persons’ bank accounts would be frozen in line with standard practice.