ANDREW Yakubu, a former Managing Director of Kaduna State oil firm, NNPC, has been remanded in Prison.
He was charged to a federal High Court on a six-count charge bordering on fruad.
He was charged to court by the Economic and Financial Crime Commission, EFCC on Thursday.
He pleaded not guilty after admitting ownership of the money found in a house belonging to him in the state.
Justice Ahmed Mohammed ordered that he be remanded in Kuje Prison, Abuja, pending the determination of his bail application on the 21st of March.