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Ex-NNPC GMD, Yakubu, to face fraud charges, forfeits N3bn

The Economic and Financial Crimes Commission will charge a former Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Andrew Yakubu, for alleged fraud, The PUNCH has learnt.

Also, a Federal High Court, sitting in Kano, presided over by Justice Zainab Abubakar, on Tuesday, ordered the forfeiture of the sum of $9.7m (N2.96bn) and £74,000 (N28.19m) recovered from Yakubu to the Federal Government.

The EFCC had, last week, said it uncovered the huge money, hidden in a bungalow belonging to Yakubu, in Kaduna.

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