$9.7m: Court grants former NNPC boss, Andrew Yakubu N300m bail | Welcome to Linda Ikeji's Blog

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Tuesday, 21 March 2017

$9.7m: Court grants former NNPC boss, Andrew Yakubu N300m bail

A Federal High Court in Abuja has granted bail in the sum of N300 million to former NNPC Managing Director, Andrew Yakubu, who has been accused of embezzling funds of the oil corporation while he was in office. Recall that on Febuary 10th, EFCC operatives raided one of his homes in Kaduna and found a fireproof safe that had in it $9.8 million cash and £72,000.

He was then arrested and first arraigned in court on March 16th Delivering judgement on his bail application, the presiding judge said Yakubu is to produce two suretees as part of his bail conditions.

7 comments:

Vivian Reginalds said...

ok
-D great anonymous now as Vivian Reginalds

JAO said...

I wonder how FG is fighting corruption. From bail till he's finally free. What's the essence of whistle blowing when the accused is liberated afterwards. Stringent judgement should have been passed as a lesson and warning to others embezzling money anyhow
Corrupt, greedy, selfish bastards.

okechukwu nnoduechi said...

WOOW






AUNTY LINDA 👩

OSINANL said...

NA WAOH!

Eze Chinyere said...

Bail of 300million when the case b4 him is $9.7m.

I smell something fishy

And he didnot appear to the court with handcuff

APC is a scam govt

Duke Terry II said...

May God help us all

Anonymous said...

EFCC struck a deal with this man, to declare less than the actual amount found in his possession, and make sure he is granted bail,for him to go and prepare well for his case

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