FeaturedHighlightTrending Story

Ex-NNPC GMD, Andrew Yakubu, cleared of money laundering charge

325

Former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, was on Thursday discharged and acquitted of charges of money laundering by a Federal High Court in Abuja.

Yakubu was arraigned before the trial Judge, Ahmed Mohammed, on March 16, 2017, on a six-count charge bordering on money laundering and false declaration of assets.

Delivering Judgement, the judge said the prosecutor, the EFCC had failed to prove its case beyond reasonable doubt to warrant the conviction of Yakubu.

Mohammed also ordered the refund of the said money lodged in the coffers of the CBN to be returned forthwith.

Read Also: FG approves N1.06bn for NDLEA’s lie detector, other equipment

Persecondnews recalls that on February 3, 2017, operatives of the Economic and Financial Crimes Commission (EFCC), raided the Kaduna property of the ex- NNPC boss and recovered the sum of $9.8m and £74,000 stashed in a fire-proof safe.

According to Yakubu, he omitted the monies from the EFCC assets declaration form given to him to fill in 2015.

Upon filing a no-case submission, Justice Mohammed had struck out two counts out of the six-count charge.

On appeal, another two counts were struck out by the court of appeal, thereby leaving Yakubu with the remaining two counts to answer before the court.

In July 2021, the Supreme Court also dismissed an appeal seeking the retrieval of his forfeited monies filed by the former NNPC boss.

Leave a comment

Related Articles

N1.3trn fraud: EFCC arrests, grills ex-Delta Gov. Okowa

A former Delta State Governor, Ifeanyi Okowa, has been apprehended by the...

Equatorial Guinea government official embroiled in sextape scandal

Mr. Baltasar Engonga, Director General of the National Financial Investigation Agency (ANIF)...

CAF ruling against Libya: Nigerian govt. promises to protect its citizens in Libya

Nigeria’s Ministry of Foreign Affairs has reaffirmed the federal government’s commitment to...

Polaris Bank wins “Best Mobile App” award at Digital Jurist Awards 2024

For its commitment to digital innovation and excellence, Polaris Bank has again...

Updated: After six years of injustice, Nigeria’s ex-Chief Justice, Onnoghen, finally gets justice

The Court of Appeal, Abuja Division, on Monday, overturned the conviction of...

Flood sacks 4 Anambra council areas as Soludo activates 27 IDP camps

By Emmanuel Ndukuba, Awka Floods have devastated four local government areas in...

Four-month salary: NASU, SSANU secure irrevocable commitment from FG, suspend strike

After a six-day strike, the Joint Action Committee (JAC) of non-teaching staff...

Three radio stations in Abia destroyed by mysterious fire

A mysterious fire has hit three radio stations in Abia in Abia...

Seven new ministers for inauguration on Monday, Nov. 4

President Bola Tinubu will preside over the oath-taking of seven new ministers...

Youth shot dead for playing football near VIP’s house

A 70-year-old man, Mr. Stephen Irobunda, has escaped a mob action in...

Renowned Nigerian filmmaker, director Dimeji Ajibola is dead

Dimeji Ajibola, the acclaimed Nigerian filmmaker behind the popular series Shanty Town,...

Just in: UK Conservative Party elects former Business Secretary Kemi Badenoch as new leader

Former British Business Secretary Kemi Badenoch has emerged as the new leader...

Demolition of Abuja N200bln properties: Restrain Wike, Estate Developers Beg Pres. Tinubu

President Bola Tinubu has been urged to intervene in the alleged demolition...

FirstBank’s retired CEO, Adeduntan, gets presidential commendation

Impressed with his exemplary career trajectory and transformative leadership, President Bola Tinubu...

#EndBadGovernance protests: AGF to Police: Transfer casefiles of 72 defendants to my office

The Attorney General of the Federation (AGF) and Minister of Justice, Prince...

NAGAFF Taps NPA MD, Dr. Abubakar Dantsoho, as Keynote Speaker for Silver Jubilee Anniversary

The National Association of Government Approved Freight Forwarders (NAGAFF) has announced Dr....

It’s fake news: Fubara did not order shut down of NNPC Ltd, oil companies in Rivers

The Rivers State Government has refuted a report circulating on social media,...

Tinubu to NEC: Allow tax reform bills pass through legislative process, public hearing

President Bola Tinubu has received the National Economic Council’s recommendation that the...

Minister Inspects Bagaja Renewables’ Zawaciki 1MWp Mini-Grid Amid Northern Power Crisis

As northern Nigeria grapples with prolonged power outages, Minister of Power Adelabu...

Just in: Court grants VeryDarkMan N2m bail

Reprieve has come for the detained social media critic, Martins Otse, popularly...