Tag: Andrew Yakubu

Court clears ex-NNPC GMD Andrew Yakubu of money laundering charge

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A Federal High Court, Abuja, on Thursday, discharged and acquitted Andrew Yakubu, former Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) of money laundering charge.Justice Ahmed Mohammed, in a judgement, held that the Economic and Financial Crimes Commission (EFCC) failed to prove its case beyond reasonable doubt.Justice Mohammed said that the EFCC had failed to prove the three ingredients of Section I of the Money Laundering Prohibition Act which it relied upon.According to him, to sustain the conviction of the defendant (Yakubu) in this Act, the burden of proof…

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Alleged $9.8m fraud: Ex-NNPC GMD, Andrew Yakubu, knows fate on March 31

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A Federal High Court, Abuja, on Tuesday, fixed March 31 for judgment in the 9.8 million dollars fraud charge filed against Andrew Yakubu, former Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC). Justice Ahmed Mohammed fixed the date after counsel to the EFCC, Farouk Abdullah, and the defence lawyer, Ahmed Raji, SAN, adopted their final written addresses in the matter. When the matter was called, Raji informed that the matter was adjourned for the adoption of the final written addresses and that he was ready for the business of…

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Ex-NNPC GMD denies recovered money in his Kaduna residence was received from Bola Shagaya, Omokore, other

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Ever since the Economic and Financial Crime Commission (EFCC) raided the residence of Mr Andrew Yakubu, former Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC after a whistle-blow in 2017, the centre has never hold for Yakubu as he been embroiled in series of court cases afterwards.Recently, a fresh allegation emerged that sought to identify the source of the huge amount of cash found in his residence by pinning it on some names but contrarily, Mr Yakubu has denied that part of the recovered money in his Kaduna residence…

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