Skip to content
August 8, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Videos
  • $9.8 million fraud: Absence of prosecution witness stalls Andrew Yakubu’s trial
  • Videos

$9.8 million fraud: Absence of prosecution witness stalls Andrew Yakubu’s trial

Admin February 28, 2018

Court

February 28, 2018

The trial of Mr Andrew Yakubu, former Group Managing Director, Nigerian National Petroleum Corporation (NNPC), was on Wednesday, stalled at the Federal High Court, Abuja, due to the absence of prosecution witnesses.

When the matter was called up, the prosecuting counsel, Mr Ben Ikani, told the court that the matter was for continuation of trial, but that unfortunately, his witnesses were not present in court.

Yakubu’s counsel, Mr Ahmed Raji (SAN), also told the court that in the circumstance, he had filed an application seeking the leave of court for his client to attend to his health.

Raji further told the court that the prosecution had not opposed the application.

The trial judge, Justice Ahmed Mohammed, granted the application, as the prosecution raised no objection and adjourned the matter until May 10.

It will be recalled that on the last adjourned date, Mr Waziri Nitte, the second prosecution witness, told the court how he and his colleagues, raided a house in Kaduna and recovered a huge sum of money in foreign currency.

Nitte, who was led in evidence by Ikani, told the court that he was a detective with the Economic and Financial Crimes Commission (EFCC).

The witness who said that they acted based on an intelligence report that the house in question was stashed with money, added that the money recovered was taken to the Central Bank of Nigeria.

“We searched the house and found a safe which was locked, we engaged the services of a locksmith who unlocked the safe and upon counting the money, it amounted to $9,772, 800 and £74,000.”

Yakubu was arraigned by the EFCC on a six-count charge, bordering on non-disclosure of assets and fraud, charges to which he pleaded not guilty.

Yakubu was alleged to have, as “Group Managing Director of NNPC, between 2012 and 2014, within the jurisdiction of the court, with intent to avoid lawful transaction, transported to Kaduna $9. 8million and £74,000.

He was also accused of failure to disclose $9.8 million and £74,000 in his asset declaration form, a crime which contravened Section 27 (3) of the EFCC Act.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: 9.8 million dollar fraud absence of prosecution witnesses. Central Bank of Nigeria. Economic and Financial Crimes Commission (EFCC) Federal High Court Abuja former Group Managing Director Nigerian National Petroleum Corporation (NNPC) prosecuting counsel Mr Ben Ikani trial of Mr Andrew Yakubu

Post navigation

Previous Dapchi girls: Nigerian Air Force explains deployment of sorties
Next Federal Government invests N16.6 bn Sukuk bond on road rehabilitation in South East

Related Stories

Zinox Computerise Nigeria Project gathers momentum among Nigerians (Video)
  • Videos

Zinox Computerise Nigeria Project gathers momentum among Nigerians (Video)

November 13, 2025
Strike: Labour unions shut down NASS Senate passes Finance Bill
  • Videos

Strike: Labour unions shut down NASS

June 3, 2024
UK Conservatives say they will define sex as biological to end ‘confusion’
  • Videos

UK Conservatives say they will define sex as biological to end ‘confusion’

June 3, 2024
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Women’s Cup of Nations quarter-finals to decide Africa’s four World Cup spots
  • National News

Women’s Cup of Nations quarter-finals to decide Africa’s four World Cup spots

August 7, 2026
Oil prices drop as investors weigh potential Hormuz deal between Iran and Gulf states reserves crude oil
  • National News

Oil prices drop as investors weigh potential Hormuz deal between Iran and Gulf states

August 7, 2026
Military kills 9 terrorists in Borno strike, apprehends suspected kidnappers in Plateau Soldiers beat policemen
  • National News

Military kills 9 terrorists in Borno strike, apprehends suspected kidnappers in Plateau

August 7, 2026
Police rescues kidnapped victim, begin manhunt for fleeing suspects in Oyo Police
  • National News

Police rescues kidnapped victim, begin manhunt for fleeing suspects in Oyo

August 7, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.