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A Federal High Court sitting in Abuja on Thursday discharged and acquitted former group managing director (GMD) of the Nigerian National Petroleum Company (NNPC), Andrew Yakubu on charges of money laundering.
On February 3, 2017, operatives of the Economic and Financial Crimes Commission (EFCC) raided the Kaduna property of the former NNPC chief and recovered the sum of $9.8m and £74,000 stashed in a fire-proof safe.
He is alleged to have omitted the monies from the EFCC asset declaration form given to him to fill in 2015.
Yakubu was arraigned before Ahmed Mohammed, the judge, on March 16, 2017, on a six-count charge bordering on money laundering and false declaration of assets.
Upon filing a no-case submission, Mohammed had struck out two counts out of the six-count charge.