$9.8m Cash: Andrew Yakubu is remanded in Prison

$9.8m Cash: Andrew Yakubu is remanded in Prison

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Andrew Yakubu, former NNPC GMD who admitted ownership of $9.8m cash found in a house in Kaduna

Andrew Yakubu, a former Group Managing Director of the state oil firm, NNPC, was earlier today arraigned on a six-count charge of fraud at the Federal High Court, Abuja.

The former head of Nigeria’s state-owned oil company was charged by the anti-graft EFCC after he admitted owning over $9.8 million cash found in a house that also belongs to him in Kaduna State.

On Thursday, he pleaded not guilty to the charges filed by the EFCC.

The presiding judge, Justice Ahmed Mohammed, then ordered he be remanded in Kuje prison pending the determination of his bail application on March 21.

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