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Ex-NNPC GMD Andrew Yakubu Vindicated  Over  $9.8m Money Laundering Charge

 

Ex-Group Managing Director of the Nigerian National Petroleum Corporation( NNPC), Andrew  Yakubu, has been vindicated over  the $9.8 million money laundry charges filed against him.

Justice Ahmed Mohamed of the Federal High Court in Abuja has discharged and acquitted him of all the charges.

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.

Olusola Bello

 

 

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