Court clears money laundering charges against Yakubu

The Federal High Court, Abuja, has cleared charges of money laundering against the former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu.
In his ruling, the presiding Judge, Ahmed Mohammed held that the Economic and Financial Crimes Commission, EFCC, failed to prove its case beyond reasonable doubt.
Justice Mohammed ordered the EFCC to return the money it seized from Yakubu.
The former Group Managing Director’s charges were followed by a tip-off by a whistleblower leading to the raid of his guest house situated where the sum of $9.7million and £74,000 was discovered.