The Federal High Court in Abuja has remanded former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu in Kuje Prison.
Yakubu who was accused of stashing over N3billion at his house in Kaduna by the Economic and Financial Crimes Commission, EFCC.
Trial Justice A. R. Mohammed sent the defendant to prison after he pleaded not guilty to a six-count charge the EFCC, preferred against him.
Andrew Yakubu Yakubu will remain in prison till March 21 when the court will rule on his bail application.
The defendant had through his lawyer, Mr. Ahmed Raji, SAN, begged the court to rather remand him in EFCC custody pending the ruling, a result that was turned down by Justice Mohammed.
EFCC operatives had raided the Yakubu’s guest house situated at Sabon Tasha, Kaduna State, where it recovered sum of $9.7million and £74,000 that Yakubu allegedly hid in a fireproof safe inside the house.