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

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.

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.

The sums of money were recovered from Yakubu’s property in the Sabon Tasha area of Kaduna on February 3, 2017.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Tinubu seeks amendment to 2024 Appropriation Act, 2023 Finance Act

Tinubu seeks amendment to 2024 Appropriation Act, 2023 Finance Act

Court rejects Shuaibu's challenge to Ighodalo's PDP candidacy in Edo election

Court rejects Shuaibu's challenge to Ighodalo's PDP candidacy in Edo election

After 1 week operation, troops capture 7 suspects, recover weapons in Plateau

After 1 week operation, troops capture 7 suspects, recover weapons in Plateau

Senator Monguno replaces Ndume as Senate Chief Whip

Senator Monguno replaces Ndume as Senate Chief Whip

PDP, Gov Eno risk losing structure to APC in Akwa Ibom ahead of LG polls

PDP, Gov Eno risk losing structure to APC in Akwa Ibom ahead of LG polls

Lagos Govt to punish Police officer for defiling girl trying to recover stolen phone

Lagos Govt to punish Police officer for defiling girl trying to recover stolen phone

Impeached Shaibu sheds tears of joy as court reinstates him as Edo deputy governor

Impeached Shaibu sheds tears of joy as court reinstates him as Edo deputy governor

Osun river water is unsafe for drinking, curator warns Osun-Osogbo Festival attendees

Osun river water is unsafe for drinking, curator warns Osun-Osogbo Festival attendees

Court affirms Asue Ighodalo as PDP guber candidate in Edo

Court affirms Asue Ighodalo as PDP guber candidate in Edo

Pulse Sports

Racism storm rocks Chelsea as players UNFOLLOW Enzo Fernández on Instagram

Racism storm rocks Chelsea as players UNFOLLOW Enzo Fernández on Instagram

Nigeria abandon 2-Time AFCON winner, eye move for former England manager to replace Finidi George

Nigeria abandon 2-Time AFCON winner, eye move for former England manager to replace Finidi George

Transfer News LIVE: Man U announce Joshua Zirkzee signing plus all the latest DONE deals and more

Transfer News LIVE: Man U announce Joshua Zirkzee signing plus all the latest DONE deals and more

Lionel Messi now world's most decorated player, surpasses Brazilian legend after Copa America win

Lionel Messi now world's most decorated player, surpasses Brazilian legend after Copa America win

Latest Sports News & Updates

Latest Sports News & Updates

Lamine Yamal: 17 y/o Euros champion cosies up to girlfriend Alex Padilla to confirm dating rumours

Lamine Yamal: 17 y/o Euros champion cosies up to girlfriend Alex Padilla to confirm dating rumours