Justice Ahmed Mohamed of the Federal High Court in Abuja has discharged and acquitted a former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Andrew Yakubu, on charges of money laundering.
Mister Yakubu, is facing an alleged $9.8m money laundering charge. Delivering Judgement, the trial Judge said the prosecution EFCC had failed to prove its case beyond a reasonable doubt to result in the conviction of the former NNPC boss.
The Economic and Financial Crimes Commission (EFCC) had, in 2017, found $9,772, 800, and £74, 000 in a safe at his Kaduna residence after a raid. Justice Mohammed also ordered the refund of the said money lodged in the coffers of the CBN to be returned forthwith.