Court reserves judgement in $9.8m money laundering case against ex-NNPC GMD, Andrew Yakubu

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Acting on a tip-off, the EFCC in 2017 raided the residence of the ex-NNPC boss in Kaduna State, and found $9,772, 800 and £74, 000 in a safe.

The Federal High Court, Abuja, on Tuesday, fixed March 31 for judgement in the $9.8 million money laundering case filed against Andrew Yakubu, a former Group Managing Director of the Nigerian National Petroleum Corporation .

But the trial court, after the prosecution rested its case, struck out two of the counts on May 16, 2019. Mr Yakubu has denied the charges in his testimony while testifying for himself as a defence witness in the case, claiming that the money seized from him was an accumulation of gifts he received at different times after leaving office.In his final submission on Monday, the defence lawyer, Mr Raji, recalled that his client had explained his own side of the story regarding the two remaining charges as directed by the Court of Appeal in a judgement delivered on April 24, 2020.

 

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