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BREAKING: Court dismisses money laundering charge against ex-NNPC GMD, Yakubu


The Federal High Court sitting in Abuja, on Thursday, discharged and acquitted the former Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Mr Andrew Yakubu, of the money laundering charge the Economic and Financial Crimes Commission, EFCC, preferred against him.

The court has ordered the EFCC to return the monies sized from Yakubu, who was GMD of the NNPC between 2012 and 2014.

The EFCC had on the strength of a tip-off by a whistleblower, raided Yakubu’s guest house situated at Sabon Tasha, Kaduna State in 2017 and discovered the sum of $9.7million and £74,000 which he hid in a fireproof safe inside the house. Continue Reading


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