Former NNPC GMD, Andrew Yakubu and oil magnate, Jide Omokore arrested by EFCC

Officials of the Economic and Financial Crimes Commission, EFCC, have arrested former Group Managing Director of NNPC, Andrew Yakubu and rearrested oil magnate, Jide Omokore, today June 20th. EFCC sources say both men will be arraigned before Justice Binta Nyako of the Federal High Court, Abuja on a four-count charge of money laundering and corruption today.

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Yakubu became GMD of NNPC in 2012 after his appointment was approved by former President Goodluck Jonathan and was sacked Jonathan in 2014. Jide Omokore is a close associate of the former President and former Petroleum minister, Diezani Alison-Madueke.