The Federal High Court sitting in Abuja has ordered that Ex-NNPC boss, Andrew Yakubu, be remanded in Kuje prison pending the determination of his bail application on March 21.
The former oil chief was on Thursday, arraigned on a six-count charge of fraud before Justice Ahmed Mohammed by the Economic and Financial Crimes Commission after he admitted owning over $9.8 million cash found in a house that also belongs to him in Kaduna State.
He pleaded not guilty to the charge filed by the EFCC. Yakubu who had said that the money was a gift, filed a N1bn lawsuit against the anti-graft agency for human right violation.
Yakubu’s lawyer, Ahmed Raji (SAN) had urged the court to grant the accused bail on self-recognisance.
Counsel to the EFCC, Ben Ikani opposed the application, urging the judge to impose stringent conditions if he’ll grant bail to the accused.
Justice Ahmed Mohammed then ordered he be remanded in Kuje prison pending the determination of his bail application on March 21.