Crime
Alleged $9.8m fraud: Court rejects EFCC’s plea to amend charges against ex-NNPC GMD, Yakubu
The Federal High Court, Abuja, on Thursday, dismissed the Economic and Financial Crimes Commission (EFCC)’s request to amend the criminal charge filed against former Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu.
The EFCC had, in 2017, raided the residence of the ex-NNPC boss in Kaduna State and found 9,772, 800 dollars and 74, 000 pounds (9.7 million dollars and 74, 000 pounds) in a safe.
Yakubu was, however, arraigned on March 16, 2017 on six counts but was ordered by the Court of Appeal to defend counts 3 and 4 which bordered on failure to make full disclosure of assets, receiving cash without going through a financial institution and intent to avoid a lawful transaction in alleged violation of Section 1(1) of the Money Laundering Act, 2011 and punishable under Section 16(2)(b) of the Act.
-
Latest2 days agoMakinde declares 2027 presidential bid under PDP–APM alliance
-
Business3 days agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Featured2 days agoObasanjo faults Tinubu’s economic reforms, calls them necessary but poorly designed
-
Featured3 days agoWike dismisses political speculation over meeting with APC Chairman Yilwatda
-
Latest5 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Latest2 days agoWike says Makinde’s presidential ambition dead on arrival
-
Business3 days agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Comments and Issues2 days agoPolitical Parties Primaries: Consensus or Coronation?

