A Federal High Court in Abuja on Thursday remanded former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr Andrew Yakubu, in Kuje Prison pending the determination of his bail application on March 21.
Justice Ahmed Mohammed gave the order of remand shortly after the ex-NNPC boss was arraigned and his bail application argued on Thursday.
Yakubu pleaded not guilty to the six charges preferred against him by the Economic and Financial Crimes Commission, EFCC. The charges bordered on fraud and false declaration of assets.
EFCC had stormed a building belonging to the former NNPC boss on Feb.3 in Kaduna and recovered the sum of $9.7m and £74,000 hidden in a huge fireproof safe.
The foreign currencies amounted to about N3bn. Mr. Yakubu later claimed that the huge sums of money were gifts he got while at the helm in NNPC.
cpcnews.org 