The Deputy Commissioner of Police and former head of the Intelligence Response Team (IRT) family, has nullified the news stating that he operates with 10 banks which had about ₦200m in each.
The allegations surfaced on March 13, 2025, during the resume hearing of an asset declaration.
Daniel Okpotu, Media Assistant to the Abba Kyari Family has stated that Abba Kyari owns only four account which includes UBA, GTB, Sterling, and Access. These accounts, totalling 10, including include savings, current, dollar, and euro accounts, combined together has only less than 4 million naira.
He went further to lay emphasis on the dollar and euro accounts, stating that these accounts has been inactive for over 12 years now, with no transaction recorded. He also revealed that for over 23 years, ₦200 million has been the total deposit and withdrawal, including salaries, allowances, and legitimate expenses.
A prosecution witness during a cross-examination, testified that Kyari's account has no link to any form of criminal operations. The family also noted that similar rumour was in circulation three years ago.
They also urged Nigerians to disregard any form of misleading reports, noting that over the past decade, Kyari has never accumulated up to ₦5 million in any of his account. The case, which held in a public courtroom, has sparked widespread public attention, amid some claims of a media trial.
His family also added that if need be, verification should be carried on by any banker in Nigeria.
The statement reads, “Reports circulating that Abba Kyari operated 10 accounts with N200 million are false and sponsored to twist the narrative of the asset declaration case hearing on 13/03/2025. The truth, verifiable by any banker, is that Kyari has accounts in only four banks—UBA, GTB, Sterling, and Access—with less than four million naira combined. He also has one dollar and one Euro account, both inactive for 12 years, with no transactions recorded.
“It must be categorically stated that the total money in all 10 accounts is less than four million naira. Over 23 years, cumulative deposits and withdrawals, including salaries and legitimate expenses, amount to 200 million naira. During cross-examination, a prosecution witness testified that no funds in Kyari’s accounts were linked to crime.
“These are the same falsehoods circulated three years ago during the sponsored media trial. We were all in court on Wednesday; it was an open court. It is strange to read absolute falsehoods peddled without any truth. Abba Kyari has never had five million naira in any account for the past 10 years. Nigerians should not be misled by these false and misleading stories.”