Transfer Yakubu’s seized funds to registrar’s account, court orders EFCC, CBN

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The Nation Newspaper Transfer Yakubu’s seized funds to registrar’s account, court orders EFCC, CBN

to release the $9,773,200.00 and £74,000 seized from former Group Managing Director of the Nigerian National Petroleum Corporation , Andrew Yakubu.

The money was seized from Yakubu’s Kaduna home on February 3, 2017. The EFCC thereafter charged him with money laundering, and he was arraigned before a Federal High Court in Abuja on March 16, 2017, on a six-count charge. Justice Mohammed also ordered him to enter his defence for the remaining four counts, a decision he appealed at the Court of Appeal in Abuja.

 

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