$9.7m gift: Court sends ex-NNPC GMD to prison

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    The Federal High Court sitting in Abuja yesterday remanded a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu in Kuje Prisons pending March 21 when it will rule on his bail application.

    The Federal Government had arraigned Yakubu on a six-count charge bothering on alleged money laundering and non-disclosure of full assets. Yakubu, however, pleaded not guilty when the charge was read to him.

    Thereafter, counsel to Yakubu, Ahmed Raji (SAN) brought an application praying the court to admit the defendant to bail in self-recognizance. Prosecuting counsel, Ben Ikani, however opposed the bail application. In the alternative, he prayed the court to impose stringent conditions if it is mindful to grant bail to the defendant.

    The trial judge, Justice A.R Mohammed, while adjourning ruling in the bail application to March 21, ordered the defendant to be remanded in Kuje Prisons. In the suit marked FHC/ABJ/CR/43/2017 and signed by Ben Ikani, the Federal Government alleged that Yakubu, on or before August 18, 2015 in Abuja, knowingly failed to make full disclosure of his assets to wit the sum $9,772,800 in the Declaration of Assets Form he filled and thereby committed an offence contrary to Section 273(3)(a) of the EFCC (Establishment) Act, 2004 and punishable under Section 27(3)(c) of the same Act.

    In count two, the antigraft agency alleged that Yakubu, on August 18, 2015 in Abuja, knowingly failed to make full disclosure of his assets to wit the sum of £74,000 in the Declaration of Assets Form and thereby committed an offence contrary to Section 273(3)(a) of the EFCC (Establishment) Act, 2004 and punishable under Section 27(3)(c) of the same Act.

    In count three, Yakubu was accused to have, between 2012 and 2014 in Abuja, without going through a financial institution, received cash payment of the sum of $9,772,800 and thereby committed an offence contrary to Section 1 of the Money laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 16(2) (b) of the same Act.

    He was also accused in count four of receiving a cash payment of £74,000 without going through a financial institution and thereby committed an offence contrary to Section 1 of the Money laundering (Prohibition) Act, 2011 as amended in 2012 and punishable under Section 16(2) (b) of the same Act. Yakubu had earlier dragged the EFCC and the Attorney General of the Federation (AGF) before the Federal High Court sitting in Abuja over alleged unlawful detention. Yakubu is asking the court to award the cost of N1 billion in his favour as damages of the injustice meted on him.

    The EFCC had, in a raid on Yakubu’s house situated in House L92, Chiku road, Sabon Tasha area, Kaduna South Local Government Area, recovered the sum of $9,772,800 and another £74,000.00. A Kano High Court had consequently granted an order of forfeiture of the said money to the Federal Government.

    Source:
    New Telegraph

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