Court grants billionaire businessman, Jide Omokore, ex NNPC boss, Andrew Yakubu, bail

Justice Binta Murtala-Nyako of the Federal High Court Abuja, has granted bail to billionaire businessman and an ally to former Minister of Petroleum, Diezani Alison-Maduke, Jide Omokore.

Also ganted bail is a former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu. Both men and four others were arraigned in court today over N400 million money laundering charges.

Delivering judgement in their bail application, Justice Murtala-Nyako ordered the accused persons to provide bail bonds of N50 million each, with one surety in like sum.

The sureties must own properties in Abuja and should depose to affidavit of means. All the accused were ordered to submit their international passport or passports to the court.

They are also to remain in the court premises until they meet their bail conditions.

Source: Premium Times