The former group managing director of the Nigerian National Petroleum Corporation Andrew Yakubu has been remanded in Kuje Prison.
At the Federal High Court on Thursday, March 16, Justice Ahmed Mohammed gave an order for Yakubu's remand pending hearing on his bail application on Tuesday, March 21.
In his argument, counsel to Yakubu, Ahmed Raji prayed the to grant his client bail on self recognizance.
But object to the defence plea, the prosecuting counsel Ben Ikani asked the court to impose stiff condition if the court deems it fit to grant the defendant bail.
Having heard the submission, Justice Mohammed adjourned the matter to Tuesday, March 21, for definite hearing and ruling on the bail application.
Yakubu was arraigned by the Economic and Financial Crimes Commission (EFCC) on Thursday, March 16, over corruption, false declaration of assets and money laundering allegations leveled against him.
However, upon his arraigned, Yakubu pleaded not guilty to the six-count charges read to him by the court clerk.
Last month, the EFCC recovered $9.77 million and 74,000 British pounds from a safe house owned by the former NNPC GMD in Kaduna.
See photos of Andrew Yakubu in court today: