Former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Andrew Yakubu, on Thursday, was cleared of $9.8m money laundering charges by Justice Ahmed Mohamed of the Federal High Court in Abuja.
Delivering Judgement, the trial Judge said the prosecution EFCC had failed to prove its case beyond a reasonable doubt to result in the conviction of the former NNPC boss.
The Economic and Financial Crimes Commission (EFCC) had, in 2017, found $9,772, 800, and £74, 000 in a safe at his Kaduna residence after a raid.
Justice Mohammed also ordered that the said money lodged in the coffers of the Central Bank of Nigeria, CBN to be returned to him forthwith.
