A former Group Managing Director, GMD, of the state oil firm, the Nigeria National Petroleum Corporation, NNPC, Andrew Yakubu, was on Thursday, arraigned on a six-count charge of fraud, at the Federal High Court, Abuja.
The former oil chief, was charged by the Economic And Financial Crimes Commission, EFCC, after he allegedly admitted owning over $9.8 million cash, found in a house that also belongs to him, in Kaduna State

Justice Ahmed Mohammed, then ordered that he be remanded in Kuje prison, pending the determination of his bail application, on March 21.On Thursday, he pleaded not guilty to the charge filed by the EFCC.
Recall, that the All Progressives Congress, APC, had raised alarm in defence of Yakubu, in 2015, when former President, Goodluck Jonathan, fired him over allegations of massive corruption

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