The former Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu will on November 1 know his fate as the court rules on the suit he filed to compel the Economic and Financial Crimes Commission, EFCC, to release to him $9.8 million cash seized in his Kaduna residence since 2017.
The cash is being allegedly withheld by the anti-graft agency in violation of a subsisting order of court. Justice Inyang Eden Ekwo on Monday fixed November 1 to deliver judgment in the suit. Yakubu sued the EFCC, Central Bank of Nigeria, CBN, and a commercial bank for their refusal to release the money after a high court in Abuja discharged and acquitted him from money laundering charges brought against him by the anti-graft agency.
But Ahmed Raji, SAN, lawyer to the ex-NNPC GMD raised an objection to the trial on the ground that the monies found in Yakubu's house were gifts from friends and associates. Justice Mohammed had agreed with the defendant’s submissions, acquitted him and ordered the release of his money to him which EFCC refused to comply with. Yakubu’s lawyer returned to court claiming that the monies had not been released as directed by the court.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tinubu, NNPC Lauded Over Renewal Of Tantita’s Pipeline Surveillance ContractIjaw Youths Network (IJN) has commended President Bola Tinubu for renewing the pipeline protection contract awarded to Tantita Security Services Limited for
Read more »
Allow Supreme Court to Decide Tinubu’s Certificate Case – APC Chieftain Begs NigeriansA Trusted Nigerian Newspaper
Read more »
‘Disqualify Sanwo-Olu, Rhodes Vivor, declare me winner of Lagos governorship election’ Jandor tells courtJandor has filed his notice of appeal seeking the disqualification of Governor Sanwo-Olu as well as Gbadebo Rhodes Vivor.
Read more »
APC ‘ll win Bayelsa guber poll, in spite of court’s judgmentA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Read more »
Court jails two for selling fake Patience Jonathan’s goldThe Economic and Financial Crimes Commission, (EFCC), Maiduguri Zonal Command, has secured the conviction and sentencing of Goni Muhammad and Seidu Seriki Hamani to seven years imprisonment, for offering fake gold belonging to former First Lady, Mrs Patience Jonathan to their victims.
Read more »
Kaduna Gov. Poll: Governor Sani, Ashiru Take Battle To Appeal CourtAlso, in his appeal filed to the court of appeal, Ashiru provided 24 grounds to upturn the dismissal of his petition. He is also seeking an order of the higher court to invalidate Sani's victory.
Read more »