UPDATED: Court grants ex-NNPC chief Andrew Yakubu bail

Ex-NNPC boss, Andrew Yakubu in company of security operatives. {Photo: Punch]
Ex-NNPC boss, Andrew Yakubu in company of security operatives. {Photo: Punch]

A former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu, has been admitted to bail by the Federal High Court Abuja.

Mr. Yakubu was arraigned on a six-count charge of money laundering and false asset declaration.

The trial judge, Ahmed Mohammed, granted him bail to the tune of N300 million and two sureties in like sum.

He said one of the sureties must have a landed property within the Abuja metropolis while the other must be a resident.

Justice Mohammed further stated that the sureties must submit their international passports along with two passport photographs with the registrar of the court.

The judge further asked the accused to deposit his international passport with the court registrar and not travel outside the jurisdiction of the court.

On the prayer for the release of Mr. Yakubu’s international passport, the judge held that the court is not concerned about that but about whether he is entitled to bail.

Justice Mohammed subsequently fixed trial to May 9, 2017.

A special operation conducted by operatives of the Economic and Financial Crimes Commission on February 3 on a building belonging to Mr.Yakubu in Kaduna, had yielded the recovery of $9,772,800 (Nine Million, Seven Hundred and Seven Two Thousand, Eight Hundred United States Dollars) and another sum of £74,000 (Seventy Four Thousand Pound Sterling) cash.

The former oil chief was charged by the EFCC after he admitted owning the over $9.8 million cash found in the house.

The huge cash was hidden in a fire proof safe.


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  • kinsly

    I get upset when i hear the granting of bail to these heartless rogues, someone steals goat, a magistrate court will remand him in prison custody awaiting trial forever but a public servant steals billions of public funds they immediately get bail and go back to there homes enjoying the looted public funds. Fellow Nigerians this charade and slavery must stop.

    • Oskirin

      whc kind tin b ds? if to say na petty thieves,,,he go rot 4 jail.

    • Say the truth

      Some stayed in custody for one month while Magu and co are still ‘investigating’ and gathering facts while some leave almost immediately.

  • ijelejames

    Why let the crook out?

    • George

      He is Mallam, Muslim, two important reasons he can’t stays in jail house.

      • Baka

        Andrew is a Christian from southern kaduna. I believe if he was denied bail people like you will say its because he is a Christian. Shame on you.

  • Say the truth

    Are you kidding me. For an alledged offense up to 9.8 million dollars he was given 300 million bail. Metuh charged for an alleged 400 million NAIRA fraud was given a 1 billion naira bail and paraded in court with handcuffs. It is glaring that both Magu led EFCC and Justice Okon Abang are agents of oppression in the hand of APC government. It is a shame.

    • George

      jUSTICE oKON is from South South as infamous Chukumeriji who is presently in hell fire

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  • Truthometer

    Really? If you must steal, steal big, so that you can afford SANs and judges.

  • Noble

    Hmmm! see how thief dey smile. This obodo Naija na wao.

    • Ultimo

      The photo you’re commenting on is not a recent one. This was a photo taken when he was in office about three years ago. I can bet you, bail or no bail, the guy can no longer smile genuinely.

      • Noble

        I see thanks alot my bros.

  • www.electionoffenders.ng

    Organized Crime Capital of the World: Nigeria

    The elites have us and the country by the jugular.

    They will not let us go willingly. They have been sucking this country dry for decades and dont know how to stop.

    Civil Servants and politicians have accepted corruption as a way of life and cant live without stealing.

    You cant be a civil servant and say you are innocent of corruption. Its either you witness it and turn a blind eye or you are directly the perpetrator. Either way you are a corrupt person sucking your country dry.

    The elites will never release us from bondage.

  • George

    THe judge grant him bail and fix May 9 for trail giving him a whole two months to renegotiates and probably join APC by then.

    Same corruption case against Chief Government Tompolo Buhari order his father killed.

    Nnadi still in prison for no reason while Dasuki case is because he allowed IBB to take first Buhari wife to other rooms.

    SHAME NIGERIANS