EFCC files fresh application in money laundering trial of ex-NNPC boss
The Economic and Financial Crimes Commission (EFCC), on Thursday, urged the Federal High Court, Abuja, to visit the Kano branch of the Central Bank of Nigeria (CBN) to inspect the money seized from the former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu.
Counsel to the EFCC, Mohammed Abubakar, while moving a motion filed on Nov. 17, 2020, before Justice Ahmed Mohammed, also urged the court to conduct proceedings in the premises of the bank during the inspection of the money.
The anti-corruption agency, acting on a tip-off, had, on February 3, 2017, raided the house of Yakubu in Kaduna and found 9, 772, 800 dollars (9.7 million dollars) and 74, 000 pounds in a safe.
Moving the motion, Mr. Abubakar said the money formed the subject of counts three and four in the money laundering charge on which Mr. Yabuku is being tried before the court.
The lawyer said the EFCC kept the money in the custody of the CBN, Kano branch, after its operatives allegedly recovered it from Yakubu’s house.
Ahmed Raji, SAN, counsel to Mr. Yakubu, while arguing his counter affidavit, urged the court to dismiss the EFCC’s application.
Justice Mohammed adjourned the ruling until February 17.
The EFCC had, on March 16, 2017, arraigned Mr. Yakubu on six counts but was ordered by the Court of Appeal to defend counts three and four which bordered on failure to make full disclosure of assets, receiving cash without going through a financial institution and intent to avoid a lawful transaction in alleged violation of Section 1(1) of the Money Laundering Act, 2011 and punishable under Section 16(2)(b) of the Act.
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