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Court acquits ex-NNPC GMD Andrew Yakubu of money laundering charges

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Andrew Yakubu's might have to forfeit $9.7 million to the Federal Government of Nigeria

Justice Ahmed Mohamed of the Federal High Court in Abuja has discharged and acquitted a former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Andrew Yakubu, on charges of money laundering.

A whistleblower told EFCC that Andrew Yakubu was keeping $9.7m in a house in Kaduna

The monies found in Andrew Yakubu’s custody

The Economic and Financial Crimes Commission, EFCC, seized the sum of $9,772,800 and £74000 from the former Group Managing Director of NNPC

The EFCC alleged that the defendant received huge sums of money without going through a financial institution.

More to follow…

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