Court Sends Yakubu To Kuje Prison
A Federal High Court in Abuja on Thursday sent former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC Mr Andrew Yakubu, to Kuje Prison.
He will remain there till a ruling on his bail application is delivered on March 21.
Justice Ahmed Mohammed gave the order of remand shortly after the ex-NNPC boss was arraigned and his bail application argued on Thursday.
Yakubu, on Thursday, pleaded not guilty to the six charges preferred against him by the Economic and Financial Crimes Commission on March 10.
The charges bordered on fraud and false declaration of assets.
The charges are in relation to the money recovered from his house in Kaduna on February 3.
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 amount to about 3 billion Naira.