Nigerian court charges former state oil firm head with money laundering

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Nigeria’s Economic and Financial Crimes Commission (EFCC) has charged the former head of the country’s state oil company with money laundering.

Andrew Yakubu, who ran the Nigerian National Petroleum Corporation (NNPC), was arrested last month, with officials seizing $9.8 million. He remains in custody and will reappear in court on March 21.

The EFCC said last month it had raided a building belonging to Yakubu, who was group managing director of NNPC from 2012 to 2014 under Jonathan, and found the cash in U.S. dollars in a fireproof safe.

Yakubu said the money was a gift, but did not say from whom, and is now assisting the investigation, according to the EFCC’s statement from last month.

Read more here: af.reuters.com


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