x-NNPC boss, Andrew Yakubu in court. Photo:
latunji Obasa Ade Adesomoju, Abuja
The Federal High Court in Abuja on
Thursday remanded a former Group
Managing Director of the Nigerian
National Petroleum Corporation , Mr.
Andrew Yakubu , in Kuje Prison
pending when ruling on his bail
application would be delivered 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 , on Thursday , pleaded not
guilty to the six charges preferred
against him by the Economic and
Financial Crimes Commission on
March 10 .
The charges against him border 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 .
Some operatives of the EFCC had
stormed a building belonging to the
former NNPC boss and recovered the
sum of $ 9 . 7 m and £ 74 ,000 stashed in
a huge fireproof safe in a slum in
Kaduna .
The sums of the foreign currencies
amounted to about N 3 bn .
Yakubu was driven away from the
court premises by prison officials
around 3 . 30 pm on Thursday .
Arguing his client ’s bail application
shortly after the arraignment, Mr.
Ahmed Raji (SAN ), urged the court to
grant bail to the former NNPC boss on
either self- recognisance or in liberal
terms.
Raji said his client needed to urgently
return to the United Kingdom where
he was receiving treatment before
voluntarily returning to Nigeria to
surrender himself to the EFCC .
The lawyer also said the offences that
his client was charged with were
bailable.
But the EFCC ’s lead prosecuting
counsel , Mr. Ben Ikani , opposed the
bail application .
Ikani said the EFCC had been taking
good care of Yakubu while he was in
custody.
While admitting that granting of bail
was at the discretion of the judge,
Ikani urged the judge to impose
“ stringent conditions” if Yakubu ’ s bail
application would be granted .
The defendant was accused in some of
the counts of knowingly failing to
make full disclosure of the sum of
$ 9 , 772 ,800 and £ 74 , 000 to the EFCC at
the anti - graft agency ’s office on or
about August 18 , 2015
The EFCC said the offence was
contrary to Section 27 (3 )(a ) of the
EFCC Establishment Act 2004 , and
punishable under Section 27 (3 )(c) of
the same Act.
It was also alleged in other counts that
between 2012 and 2014, in Abuja, the
former NNPC boss , without going
through a financial institution,
received cash payments of 9 ,772 , 800
and £ 74 ,000 .
Another count read , “ While being the
Group Managing Director of NNPC,
sometime between 2012 and 2014 ,
within the jurisdiction of the court,
with intent to avoid a lawful
transaction under the law , transported
at various times , an aggregate sum of
9 ,772 , 800 USD to Kaduna State , an
offence contrary to Section 7 (4 )(b )(ii)
of the Advance Fee Fraud and Other
Related Offences Act;

He will soon be mysteriously released and no one will talk about him again. they never get convicted