Court grants Yakubu N300m bail after four days in prison

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Court grants Yakubu N300m bail after four days in prison


Ahmed Mohammed, justice of the federal high court, Abuja, has granted Andrew Yakubu, former group managing director of the Nigeria National Petroleum Corporation (NNPC), bail in the sum of N300m.


Yakubu, who has spent four days at Kuje prison, is also required to present two sureties.

Last Thursday, the judge remanded Yakubu in prison after the Economic and Financial Crimes Commission (EFCC) arraigned him on a six-count charge of fraud.

This followed the recovery of $9.8 million and £74, 000 from his Kaduna residence.

He still claims the monies were gifts given to him by friends.

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