BREAKING! Ex-NNPC GMD Andrew Yakubu, remanded by court in Kuje Prison

A Federal High Court in Abuja on Thursday remanded ‎ Ex- NNPC boss, Mr. Andrew Yakubu, in Kuje Prison pending when ruling on his bail application would be delivered on March 21.

Justice Ahmed Mohammed gave the order of remand shortly after the ex-NNPC GMD was arraigned and his bail application argued on Thursday.

Yakubu, on Thursday, pleaded not guilty to the six charges preferred against him by the EFCC

The charges bordered on fraud and false declaration of assets against him.

The charges were all in relation to the money recovered  on February 3, from his kaduna house.

Operatives of the EFCC had stormed a building belonging to the former NNPC boss and recovered the sum of $9.7m and £74,000 stashed in a huge fireproof safe in a slum in Kaduna.

The sums of foreign currencies amounted to about N3bn.

Arguing his client’s bail application shortly after the arraignment, Mr. Ahmed Raji (SAN), urged the court to grant bail to the Mr Andrew Yakubu on either ‎self-recognisance.

But EFCC’s lead prosecuting counsel, Mr. Ben Ikani, opposed the bail application.

The prosecutor however urged the judge to impose stringent conditions if the satisfied to grant bail to the defendant.