Kaduna – A Federal High Court in Kaduna has issued an interim forfeiture order on N1.37 billion, which was allegedly misappropriated from the Kaduna State Government and funneled into a private account.
The funds were initially allocated for the now-abandoned Kaduna light rail project but were reportedly diverted during the tenure of former Governor Nasir el-Rufai, who served from 2015 to 2023.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) filed an ex parte motion on February 14, claiming that the el-Rufai-led administration failed to execute the project, depriving residents of its benefits.
The commission further alleged that certain officials funneled the funds through Indo Kaduna MRTS JV Nig. Ltd., a joint venture established in 2016 between the state government and Indian investors.
Presiding Judge Hauwa Buhari granted the ICPC’s request on February 28, ordering the temporary seizure of the funds. Additionally, the court mandated the anti-corruption agency to publish a notice in two national newspapers, inviting any interested parties to present their claims and justify why the funds should not be permanently seized by the federal government.
The matter has been adjourned until April 8, 2025, allowing potential claimants to argue their case before the court.
Background of the Case
The Kaduna State Government, under el-Rufai, entered a joint venture agreement with Indo Kaduna MRTS JV Nig. Ltd. in October 2016 to develop a light rail transport system. However, investigations revealed that payments were made before the company was officially registered.
Despite not being formally incorporated by the Corporate Affairs Commission (CAC) until May 10, 2017, records indicate that the administration began authorizing payments to the firm as early as December 2016.
Between December 2016 and January 2017, the former governor reportedly approved payments totaling N11.1 billion into the company’s account with Sterling Bank. Out of this sum, N1.37 billion was allegedly siphoned into a private account, later traced by the ICPC.
The case continues to unfold as authorities work to recover the diverted funds and ensure accountability.
By Damilola Adeleke| March 6, 2025
Adeleke Damilola (ACTION) is a versatile content writer with expertise in news writing and a seasoned media professional and broadcast specialist. Currently serving as News Editor for DNews Info, Damilola is also the CEO of the ACTION brand, committed to shaping lives and establishing a legacy of excellence for present and future generations.
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