The former Group Managing Director, Nigerian
National Petroleum Corporation (NNPC), Dr
Andrew Yakubu, has admitted ownership of
the recovered money of 9.8 million dollars
from his home.

The Economic and Financial Crimes
Commission (EFCC) said on Friday in Abuja in
a statement that Yakubu had reported to the
commission’s zonal office in Kano and made
the statement claiming the money was gift
from unnamed persons.

The commission said that Yakubu, who also
admitted that another 74, 000 pounds cash was
recovered from him, is currently assisting in
the investigation.

Wilson Uwujaren, Head of Media and Publicity
of the EFCC, said that a special operation
conducted by operatives of the commission on
Feb. 3, stormed a building belonging to Yakubu
in Kaduna to recover the cash.
He said that the huge cash was hidden in a fire
proof safe.

Uwujaren said that the surprise raid of the
facility was sequel to an intelligence which the
commission received about suspected proceeds
of crime believed to be hidden in the slums of
Sabon Tasha area of Kaduna.
He said that on arrival at the facility, the
caretaker of the house, one Bitrus Yakubu, a
younger brother to Andrew Yakubu, disclosed
that both the house and the safe where the
money was found belong to his brother,
Andrew Yakubu.

Uwujaren said that when the safe was opened
it was discovered that it contained the sum of
9,772,800 dollars and another sum of 74,000
pounds.
The EFCC source said that it was the largest
sum of cash the commission had recovered in
recent times.

NAN recalls that Yakubu was arraigned in June
2016 on allegations of money laundering.
He served as GMD of NNPC from 2012 to 2014
during the Goodluck Jonathan administration.


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