A former Group Managing Director (GMD) of the defunct Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, will on November 1, 2023 know his
fate as the court is set to rule on the suit he filed to compel the Economic and Financial Crimes Commission to release to him $9.8 million cash seized from his Kaduna residence since 2017.Justice Inyang Eden Ekwo fixed November 1 to deliver judgment in the suit.
A Federal High Court in Abuja had on March 31, 2022 quashed the money laundering charges instituted against Yakubu after the EFCC discovered $9,772,800 and £74,000 in an apartment linked to him in 2017. 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.
By way of originating summons, he asked the court to order the release of the money or in the alternative, direct that the money be deposited with the Federal High Court Registrar pending the determination of the suit.
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