A Federal High Court in Abuja on Tuesday granted bail to Andrew Yakubu, a former head of Nigeria’s state oil firm, NNPC.

Mr. Yakubu was arrested by the anti-graft EFCC after about $9.8 million cash was found in his house in Kaduna.

The court granted Mr. Yakubu a N300 million bail while he was also asked to produce two suretees.

Details later…