A Federal High Court in Abuja has declined to halt further proceedings in the trial of former Group Managing Director (GMD) of the NNPC, Andrew Yakubu
A Federal High Court in Abuja has declined to halt further proceedings in the trial of former Group Managing Director of the Nigerian National Petroleum Corporation , Andrew Yakubu, for alleged money laundering involving about $9.8 million.
Yakubu was arraigned on March 16, 2017, on a six-count charge of failure to make full disclosure of assets, receiving cash without passing through a financial institution, which borders on money laundering and intent to avoid a lawful transaction under law, transported at various times to Kaduna, the aggregate sum of $9,772,800 and £74,000.
The judge struck out two of the six counts contained in the charge and ordered Yakubu to enter defence in relation to the remaining four counts. Rather than enter his defence as ordered by the court, Yakubu headed to the Court of Appeal in Abuja.A three-man panel of the appellate court held, among others, that the prosecution was unable, by the evidence it led at the trial court, to establish a prima facie case against the defendant in relation to counts five and six.
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