Court grants ex-NNPC boss N300M bail
Yakubu, who’s facing money laundering charges, is also expected to provide two sureties, one of whom must be resident in Abuja.
Former Group Managing Director (GMD) of the National Nigerian Petroleum Corporation (NNPC), Andrew Yakubu
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Yakubu, who’s facing money laundering charges, is also expected to provide two sureties, one of whom must be resident in Abuja.
The decision was reached by presiding judge, Justice Ahmed Mohammed on Tuesday, March 21.
Justice Mohammed also ordered Yakubu to submit his passport to the court registrar pending the determination of the case.
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The case has been adjourned till May 9 for commencement of trial.
Yakubu was, on Thursday, March 16, charged with six counts of fraud by the Economic and Financial Crimes Commission (EFCC) due to the recovery of $9.8 million and £74, 000 from his house in Kaduna.
ALSO READ:Andrew Yakubu slams EFCC with N1bn suit
The sums of money were recovered from Yakubu’s property in the Sabon Tasha area of Kaduna on February 3, 2017.
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