Court Grants Jide Omokore, Andrew Yakubu Bail

A Federal High Court in Abuja, has granted bail to a former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu, and four others.

Mr. Omokore, an ally of former Petroleum Minister, Diezani Alison-Madueke, and Mr. Yakubu were charged along with a co-owner of Atlantic Energy, Kola Aluko; Victor Briggs; Abiye Memnere; David Mbanefo; Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited.

Justice Binta Murtala-Nyako, who gave the ruling, ordered the defendants to provide bail bonds of N50 million each, with one surety in like sum.

He also said the defendants should submit their international passport/passports. They are also to remain in the court premises until they meet their bail conditions.

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