Court grants ex-NNPC boss, Yakubu, N300m bail

A Federal High Court in Abuja on Tuesday granted bail to a former Group Managing Director of the Nigerian National Petroleum Corporation, Mr Andrew Yakubu, in the sum of N300m.

Justice Ahmed Mohammed had on March 16, ordered that Yakubu be remanded in Kuje Prison following the arraignment of the ex-NNPC on six counts preferred against him by the Economic and Financial Crimes Commission.

The charges bordered on fraud and false declaration of assets.
The charges were all in relation to the money recovered from his house in Kaduna on February 3.

Culled from ThePunch