Judge Explains Kyari’s Frozen Bank Account

Justice Emeka Nwite has given reasons for approving an ex parte motion filed by the Economic and Financial Crimes Commission (EFCC) to freeze the bank accounts of former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari.

The ruling, delivered on Tuesday, has further deepened the troubles facing the ex-oil boss.

According to the order, a total of ₦661.4 million kept in three Jaiz Bank accounts—linked directly to Kyari, the Guwori Community Development Foundation, and the Guwori Community Development Foundation Flood Relief Fund—will remain frozen while investigations continue.

EFCC’s counsel, Ogechi Ujam, argued that the measure was necessary to enable investigators to trace the flow of funds and determine their ownership. The motion, registered as FHC/ABJ/CS/1641, was subsequently granted.

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In his ruling, Justice Nwite said:

“I have considered the submissions of the applicant’s counsel and reviewed the supporting affidavit, exhibits, and written address. I am satisfied that this application has merit and it is hereby granted as requested.”

The court also set September 23 as the date for a report on the true ownership of the affected accounts.

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It will be recalled that President Bola Ahmed Tinubu dismissed Kyari from his position in April 2025, appointing Bayo Ojulari as his successor. Since then, multiple allegations of financial misconduct under Kyari’s leadership have surfaced, though he has consistently denied any wrongdoing.