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

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.

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…