Ex-NNPC Boss seeks to quash money laundering charges

Posted On December 6th, 2018 - 9:27 am | by Oil and gas press

A former Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu, is seeking to quash money laundering charges brought against him by the Economic and Financial Crimes Commission, EFCC, as he files a “no-case” submission before Justice A.R. Mohammed of the Federal High Court, Abuja.

In the no-case submission dated November 6th 2018, and filed through his counsel, Anone Usman, Yakubu aked the court to strike out the charges against him, and discharge and acquit him, arguing that “the evidence led by the prosecution’s seven witnesses did not establish a case” against him, necessitating him to defend himself.

Economic and Financial Crimes Commission, (EFCC) operatives in a special operation, on 3rd February, 2017 on a building belonging to Yakubu in Kaduna state, recovered the staggering sum of $9,772,800 (Nine Million, Seven Hundred and Seven Two Thousand, Eight Hundred United States Dollars) and another sum of £74,000 (Seventy Four Thousand Pound Sterling) cash that was hidden in a fire proof safe.

Yakubu who is facing a six-count charge bordering on money laundering and false declaration of assets, was expected to open his defence on December 5.

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