NDLEA Uncovers Abba Kyari’s Shocking Financial Activities – ₦200 Million Funneled Through 10 Bank Accounts

Ahmed Yero, a Chief Investigator with the National Drug Law Enforcement Agency (NDLEA), testified that the funds were traced through Kyari’s Bank Verification Number (BVN), which was linked to 12 accounts, 10 of which were active. Yero, the ninth prosecution witness (PW-9), stated that his team began investigating Kyari’s financial activities on February 14, 2022, under the NDLEA’s Directorate of Assets & Financial Investigation.

Yero revealed that Kyari initially declared only three bank accounts, but a forensic analysis of his BVN records, obtained from the Central Bank of Nigeria (CBN), showed that he operated 10 active accounts, including domiciliary accounts in Dollars, Euros, and Pounds Sterling.

“One of the accounts is a salary account through which Kyari received salaries and allowances from the Nigeria Police Force (NPF),” Yero testified.

The witness explained that the NDLEA analyzed Kyari’s bank records from 2006 to 2022 and discovered that deposits into his accounts significantly exceeded his official income. He further revealed that funds labeled as “operational funds” were directly transferred from the CBN to Kyari’s accounts. However, a large portion of these funds was subsequently transferred to Kyari’s family members and associates.

“We calculated everything the defendant earned in salaries and other entitlements and compared it with the inflows into his account. Our analysis showed that over ₦200 million was received beyond what he should have earned officially,” Yero added.

Kyari reportedly refused to provide a written statement to the NDLEA, stating that he would only address the matter in court.

Despite objections from Kyari’s defense counsel, Dr. Onyechi Ikpeazu (SAN), the court admitted Kyari’s bank statements and BVN analysis into evidence. Ikpeazu reserved his reasons for challenging the admissibility of the evidence for later in the trial.

Under cross-examination, Yero acknowledged that Kyari had once been considered a “super cop” due to his crime-fighting efforts. However, Yero noted that Kyari had failed to provide any evidence to support his claim of being involved in agriculture.