Andrew yakubu news
Andrew Yakubu is a Nigerian businessman and former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). Here are some recent news updates about him:
- Forfeiture of assets: In 2020, the Federal High Court in Abuja ordered the forfeiture of Andrew Yakubu's assets, including a N3.05 billion mansion in Abuja, to the Federal Government. The court ruled that the assets were acquired with proceeds of corruption.
- Corruption trial: Yakubu is facing trial for allegedly laundering $9.8 million and N3 billion in cash in 2017. He has pleaded not guilty to the charges and is currently on bail.
- NNPC's financial irregularities: In 2020, the Nigerian Senate launched an investigation into alleged financial irregularities at the NNPC during Yakubu's tenure as Group Managing Director. The investigation is ongoing.
- Petroleum Industry Bill: Yakubu has been involved in the development of the Petroleum Industry Bill (PIB), which aims to reform the Nigerian oil and gas sector. He has been a key player in the bill's passage and implementation.
- Awards and recognition: Yakubu has received several awards and recognition for his contributions to the Nigerian oil and gas industry, including the Nigerian National Order of Merit Award and the Nigerian Oil and Gas Industry Award for Excellence.
These are some of the recent news updates about Andrew Yakubu. If you're looking for more information, please let me know what specific aspect of his career or activities you're interested in.