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Court Clears Ex-NNPC GMD Andrew Yakubu Of $9.8m Money Laundering Charge

Emmanuel Obaje-Daniels  
Updated March 31, 2022
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A file photo of former NNPC GMD, Mr Andrew Yakubu.

 

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.

Mister Yakubu, is facing an alleged $9.8m money laundering charge.

Delivering Judgement, the trial Judge said the prosecution EFCC had failed to prove its case beyond a reasonable doubt to result in the conviction of the former NNPC boss.

The Economic and Financial Crimes Commission (EFCC) had, in 2017, found $9,772, 800, and £74, 000 in a safe at his Kaduna residence after a raid.

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