“Abba Kyari Had Only N4m In Bank” – Family Rejects N200m Allegation

The family of embattled Deputy Commissioner of Police and former head of the Intelligence Response Team (IRT), Abba Kyari, has dismissed reports alleging that he operated 10 bank accounts with a total of N200 million, calling the claims false and misleading.

The allegations surfaced during the resumed hearing of an asset declaration case on March 13, 2025.

In a statement on Friday, Daniel Okpotu, Media Assistant to the Kyari family, clarified that Kyari maintains accounts in only four banks—UBA, GTB, Sterling, and Access.

According to the statement, these accounts, which include savings, current, dollar, and euro accounts, have a combined balance of less than N4 million.

The family further explained that Kyari’s foreign currency accounts have been inactive for over 12 years, with no recorded transactions.

It also stated that the cumulative deposits and withdrawals in his accounts over 23 years amounted to N200 million, consisting of salaries, allowances, and other legitimate expenses.

During cross-examination, a prosecution witness confirmed that none of the funds in Kyari’s accounts were linked to criminal activity.

The family accused certain individuals of recycling false allegations from three years ago to tarnish Kyari’s reputation.

The statement urged the public to disregard misleading media reports, emphasizing that Kyari has never held more than N5 million in any of his accounts over the past decade. It also highlighted that all financial records are verifiable by Nigerian banks.

“We categorically state that the reports claiming Abba Kyari operated 10 accounts with N200 million are false and deliberately misleading. The truth, which any banker can verify, is that he has accounts in only four banks, with a total balance of less than four million naira,” the statement read.

It continued, “His dollar and euro accounts have remained dormant for 12 years, with no transactions. Over 23 years, the total deposits and withdrawals, including salaries and legitimate expenses, amount to N200 million.

During the court proceedings, a prosecution witness confirmed that no funds in his accounts were linked to criminal activities.”

The family expressed disappointment over what it described as a “sponsored media trial,” urging Nigerians to focus on verifiable facts rather than sensationalized reports.

“We were all present in the open court on Wednesday. It is shocking to see outright falsehoods being circulated.

For the past 10 years, Abba Kyari has never had N5 million in any account at any given time. Nigerians should not be deceived by these baseless stories,” the statement concluded.

The case continues to draw public interest, with concerns over due process and the integrity of financial investigations in high-profile cases.