*Orders release of seized $9.8m, £74,000
![](https://thenigerialawyer.com/wp-content/uploads/2024/11/TheNigerialawyer-WhatsApp-Channel1.jpg")
Justice Ahmed Mohammed of the Abuja Division of the Federal High Court Thursday freed a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, of money laundering charges.
Justice Mohammed, in a judgment discharged and acquitted the former NNPC boss after holding that the prosecution failed to prove its allegations against him.
The court accordingly ordered the federal government to release the alleged proceeds of crime seized from the defendant, amounting to a total of $9.8 million and £74,000.
Yakubu was dragged to court by the federal government after huge sums of hard currencies were found in a safe in his Kaduna residence.
The Economic and Financial Crimes Commission (EFCC) had on February 3, 2017, stormed Yakubu’s residence in Kaduna on a sting operation where the sum of $9.8 million and £74,000 stashed in a fire-proof safe were recovered.
The anti-graft agency had accused the former GMD of failing to disclose the said funds in his asset declaration form in 2015 as required by the law.
The commission, a month later (March 16, 2017), slammed a six-count charge bordering on money laundering and false declaration of assets against him.
He pleaded not guilty to all the charges and was admitted to bail.
However, after the prosecution closed its case against the defendant, Yakubu entered a no-case submission, claiming that the prosecution failed to prove the ingredients of the charge.
In his ruling, Justice Mohammed partially agreed with Yakubu, struck out two of the six-count charge and ordered him to enter his defence in the remaining four.
Not satisfied, Yakubu proceeded to the Court of Appeal, asking the appellate court to set aside the order for him to enter his defence in four counts.
In their ruling however, the appellate court struck out two of the four counts and ordered him to open his defence in the remaining two.
Still dissatisfied, Yakubu proceeded to the Supreme Court, where the apex court in July 2021 dismissed his appeal seeking the retrieval of his forfeited monies — making it the third time that this plea was rejected.
Yakubu had argued that the monies seized from him were gifts and estacodes in different tranches, adding that the sums were gathered within a five-year period.
He explained that he decided to keep the monies in his house pending when he decides to open a business venture of his choice.
In his ruling, the apex court dismissed one of the counts, leaving just one count for Yakubu to answer to at the trial court.
However, ruling on the remaining one count charge on Thursday, the trial court held that the EFCC failed to establish that the defendant received cash payment beyond the N5 million threshold.
According to the judge, it is one thing to find money in a person’s house and another to prove that the money was received all at once.
He described Yakubu’s evidence as “credible”, adding that he had no reason to disbelieve it.
The judge added that the EFCC did not do a good job in its investigation.
“The prosecution ought to have investigated the claim of the defendant and subsequently, lead evidence to contradict its claim,” the judge held.
“A prudent investigator could have asked the investigator to ask the defendant to provide the names of some of his friends and other individuals who had given him monies as gifts or as goodwill and find out how much each
person had given him and thereafter invite them to find out the truth or otherwise.”
Consequently, the judge ordered that the monies deposited in the Central Bank of Nigeria (CBN) be returned to the former GMD.
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd
Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria.
Bonus:
Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.
How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com
Ebook Version: Access directly online at: https://selar.com/prv626
_______________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
______________________________________________________________________
“Bridging Theory And Courtroom Practice” — Hagler Sunny Okorie, Nathaniel Ngozi Ikeocha Unveil ‘Functional’ Tort Law Book For Nigerian Legal System
The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209.
