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For receiving $9.8 million as gift, court grants Andrew Yakubu N300 million bail

A Federal High Court in Abuja on Tuesday, March 21, has granted bail to the former group managing director of the Nigerian National Petroleum Corporation (NNPC) Andrew Yakubu.

JUST IN: Court grants former NNPC GMD Andrew Yakubu bail

Andrew Yakubu has been granted bail by a Federal High Court in Abuja

Yakubu was arraigned by the Economic and Financial Crimes Commission (EFCC) over alleged money laundering among others.

JUST IN: Court grants former NNPC GMD Andrew Yakubu bail

Andrew Yakubu was a former group managing director at the NNPC

Yakubu was arrested by EFCC after $9.8 million cash was found in one of his houses in Kaduna.

Yakubu was granted N300 million bail.

JUST IN: Court grants former NNPC GMD Andrew Yakubu bail

Yakubu was granted N300 million bail

He was also ordered to produce two sureties to perfect his bail condition.

His bail comes after Justice Ahmed Mohammed ordered his remand in Kuje Prison where he spent four days pending hearing and ruling on his bail application.

readability="33">JUST IN: Court grants former NNPC GMD Andrew Yakubu bail

Yakubu’s bail comes after Justice Ahmed Mohammed ordered his remand in Kuje Prison where he spent four days pending hearing and ruling on his bail application

JUST IN: Court grants former NNPC GMD Andrew Yakubu bail

Yakubu was accused of storing $9.8 million in one of his houses in Kaduna

JUST IN: Court grants former NNPC GMD Andrew Yakubu bail

He said the monies were gifts given to him by his associates

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