Money Laundering: EFCC rearrest oil magnate, Jide Omokore and former NNPC boss, Andrew Yakubu

The Economic and Financial Crimes Commission (EFCC) has rearrested oil magnate, Jide Omokore, and a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, for alleged money laundering.

This was disclosed by a source from the Commission, who said that Omokore and Yakubu would be arraigned on four counts of money laundering.

“Other defendants to the charge are: Victor Briggs, Abiye Membere, David Mbanefo, Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited”, the source revealed.

The arraignment of Mr Andrew Yakubu, and others has been fixed for July 4.

Yakubu, Jide Omokore and others were expected to be arraigned by Economic and Financial Crimes Commission (EFCC) for alleged money laundering on Monday.

Arraignment Stalled

The arraignment of oil and gas businessman, Mr Jide Omokore, Former GMD of NNPC Andrew Yakubu and three others has been stalled.

The prosecutor, Mr Rotimi Jacobs, informed the court that some of the accused persons were not in the country and he would not want to arraign the accused persons individually.

The court has adjourned the case till July 4, 2016 for arraignment.

Credit: PM News/Channels