A Federal High Court in Abuja has temporarily frozen four Jaiz Bank accounts linked to former NNPCL Group Managing Director Mr. Mele Kolo Kyari, amid serious allegations of fraud, abuse of office, and money laundering
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| Abuja Court Freezes Four Jaiz Bank Accounts Connected to Ex-NNPCL Boss Mele Kyari |
Court Ruling Brief
The bench, presided over by Justice Emeka Nwite, granted the Economic and Financial Crimes Commission’s (EFCC) ex parte motion after deeming it meritorious.
The freeze was set for 30 days, despite EFCC’s request for a longer term—though the court left room for renewal.
The matter was adjourned to September 23, 2025, for further updates on the investigation.
Below accounts are under scrutiny
1. Jaiz Bank Account 0017922724 – in the name of Mele Kyari (two entries appearing identical, possibly a duplication error)
2. Jaiz Bank Account 0018575055 – in the name of Guwori Community Development Foundation
3. Jaiz Bank Account 0018575141 – in the name of Guwori Community Development Foundation Flood Relief
EFCC’s Allegations and Investigation
The preliminary probe indicates that approximately ₦661,464,601.50 was held across these accounts—funds suspected to be proceeds of unlawful activities.
Investigators allege that Kyari funneled funds from NNPCL and associated oil companies into these accounts, disguising them as payments for a “book launch” and NGO activities.
The EFCC further claims that Kyari indirectly controlled the accounts through family members acting as fronts.
The action stems from a petition filed on April 24 by the Guardian of Democracy and Rule of Law, which triggered EFCC’s deeper audit.
The EFCC has issued a no-debit instruction to Jaiz Bank while awaiting comprehensive account details.
As investigations advance, EFCC has now placed Mele Kyari on its watchlist and is reportedly preparing to invite him for questioning regarding the ₦7.2 billion refineries turnaround maintenance funds.
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