Friday 18th August, 2017
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Seized $9.7m: Court sends Andrew Yakubu to Kuje Prison

Seized $9.7m: Court sends Andrew Yakubu to Kuje Prison

The former Group Managing Direc­tor (GMD) of Nige­rian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, was on Thursday remanded in prison custody, pending the determination of the application for his bail.
Yakubu, who served as the NNPC chief execu­tive in the last administra­tion, was arraigned on a six-count criminal charge bordering on money laun­dering and corruption. He, however, denied all the charges brought against him by the federal govern­ment.
He was also, among oth­er allegations, accused of failure to declare the sum $9.7 million in his assets declaration form which he filed at the Economic and Financial Crimes Com­mission (EFCC) on Au­gust 18, 2015.
The anti-graft agency, prosecuting the former NNPC GMD on behalf of the federal government also alleged that Yakubu transported the foreign currencies to his house in Sabon Tasha, Kaduna South Local Government Area of Kaduna State, with the intent to avoid a law­ful transaction. He was also accused of receiving payment of 74, 000 pound sterling without going through a financial insti­tution as required by law during his tenure.
Shortly after pleading not guilty to the charges, the prosecution counsel, Ben Ikani, asked the trial Judge, Justice Ahmed Mo­hammed, for a date for the commencement of trial.
Consequently, Ahmed Raji (SAN), counsel to the defendant applied to the court for the bail of his cli­ent on self-recognition or in the most liberal terms.
Raji argued that Andrew Yakubu was in the United Kingdom (UK) on medical trip when the EFCC’s invi­tation came to him and he hurriedly came down to Nigeria to honour the invi­tation after suspending the medical attention.
The senior counsel, be­side the application for bail, also asked for the temporary release of his travel documents to enable him complete his treat­ment.
He further argued that the defendant has no criminal records and has been co-operating with the EFCC since the com­mencement of investiga­tion and as such, the claim by the prosecution that he would not be available to face his trial is not tenable.
Opposing the bail ap­plication, the prosecution counsel urged the court to either refuse the defendant bail or in the alternative impose stringent condi­tions that would enable the defendant attend his trial, adding that the charges at­tract imprisonment of ten years or with fine.

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