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How EFCC recovered $9.8m cash from ex-NNPC boss’ home

By NAN   |   10 February 2017   |   4:00 pm

Part of the cash recovered by the EFCC. PHOTO: NAN

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.


In this article:
Andrew YakubuEFCCNNPC


  • real

    madness.

  • Joseph Onipede Adunse

    This is just a tip of the iceberg. Many more dubious people are keeping illegal cash proceeds in their homes. The Federal government should strengthen the EFCC to be able to cope with the challenge.

    • Taiwo A Adedoja

      Good minds

  • KennBest

    See pepper. This is pure madness, indeed.

  • Toks Yerokun

    Oh, he served in Jonathan administration, but he is not an Hausa!

    • Davies ORIMOLOYE

      Therefore? GEJ’s or no GEJ’s administration, Hausa or Yoruba, what’s is the relevance of these to public probity and selfless patriotic service to one’s nation?
      He needs prosecution, periode!

  • Toks Yerokun

    He is cooperating, so he deserves to be free. Dasuki and others are not cooperating, so they are locked up. The basis for prosecuting the case is flawed and cannot achieve sustained success.

    • AJIBOYE

      WOW…Clap for yourself sir.

    • Adekanye Taye

      Mr. Toks Yerokun, can you read and understand the publication at all? You really need to clap for your self Sir.

    • Davies ORIMOLOYE

      He deserves to be freed because “he’s cooperating” is that the way the judiciary system should operate in Nigeria: free suspects once they cooperate! ? Are you seriously talking?

      • Toks Yerokun

        That was my point, justice should be blind. Selective prosecution, and treatment of accuseds does not augur well for fighting corruption. It ends up not achieving anything. Leaders come and go.

  • Lemmuel Odjay

    💰 A civil servant with millions of U.S. (not Zimbabwean) dollars in his possession !!! Oh, the last time I checked, the same set of people who’d engaged in and supervised over the grand looting were still at it trading bare-knuckled punches in a bid to win a return ticket to power.
    🥕Back home. How much was your “fair share” for selling your vote and helping to rig them into office? Probably N5,000, not enough to buy you a 50 kg bag of your favourite Achilles’ heels – Thailand parboiled rice. Those of your kind who had managed to prise fat cheques for themselves out of the system are currently busy mouthing “the king is dead, long live the king”, as they tuck into remnants of their favourite Argentine beef and quaff vintage wine or choice champagne courtesy of a system steeped in political patronage…
    Look what this guy has done hoovering off a huge chunk of your commonwealth in just two years! Out of that lot, he releases a few million bucks on a few occasions to purchase and “throw corn” along your path, a price he had to constantly pay for keeping you confused and depending.
    As the rains start dribbling their way through leaking roofs down on to your bed you, in true fashion, turn round in search of whodunit all. Of course, the usual suspects, each with their handsome share of your commonwealth tucked in their briefcases are by now breathing easy in Switzerland or are safe in the warm and scented offices of Mossack Fonseca in Panama
    Not a soul to be found around, except for a lone, standing crisis manager whose name just happens to be Mohammadu Buhari. Then out of misplaced frustration, you pour out your bile on him, blaming him for the soggy condition of your beddings and wondering what the future might hold for you. Change your ways and learn to blame yourself for a change.

    • Davies ORIMOLOYE

      Hi.
      You’re writing to the mass in Nigeria not to Shakespearians. You could be simple for people’s better understanding.
      I’m learned like you but I found your essay too Woody Allen and poetic. We need less grammar to analyse the current state of minds and of issues of Nigeria.
      Thanks

      • Aanu anupo

        Speak for yourself, facts are facts and in whatever language. And maybe you should not be so patronizing.

        • Davies ORIMOLOYE

          My reply was not to your comment so what’s the fusse are you trying to make out of it? Are you a spokesman? I still couldn’t have a clue on what you’re trying to say to Nigerians in your friends long boring essay.

      • Lemmuel Odjay

        I was writing to my friends, not you. I have had the opportunity of reading some of yours and didn’t have to scream cos I knew that was you. In future, you should look the other way if you don’t like it. Thx

        • Davies ORIMOLOYE

          There wasn’t anything sarcastic in my response to your long essay. It was an advice. Simplicity makes simple understanding a possibility to all and not to a few academicians when a whole nation is being addressed. If you read yourself again, you’ll see that nothing indicate that you wrote to a special class but that all indicate otherwise : to the whole country of Nigeria. I’m inclined to believe, seeing your name, that you’re either an Nigerian or not. Your family name, says you are, your first name is not so I don’t know if you’re a Nigerian because I don’t stand foreigners writing critics when they don’t have a deep understanding

  • OLUFEMI ADELEYE

    I hope Nigerians will react to these alleged lootings as much as they’re concerned about governance. Sometimes we become complicit victims when we celebrate looters or cry foul each time the alleged looter happens to come from our ethnic, political or religious group. These are unrepentant enemies of the state. Our attitude to corruption and corrupt persons regardless of region or religion says a lot about whether we’re ready for change or not. Arguing over personalities instead of joining voices on issues that unite us is senseless and self-destructive. If you’re a looter and the evidence points to you; I don’t care if you’re a philanthropist, you will face the consequences of your actions.

    • Davies ORIMOLOYE

      You couldn’t have said better brother. Here is an opinion as clair as a cristal.

  • abiamone

    If only Donald Trump was the president of Nigeria! He would declare all politicians, heads of government departments and parastatals guilty, and ask them to prove themselves otherwise. Is it wrong to assume that all public officers in Nigeria are corrupt?

  • Ify Onabu

    My village people in Delta state have been battling to raise 12 million naira to complete the self-help electricity project which was started two years ago. They are still struggling and no where raising this amount of money. And here is a man from Northern Nigeria who has helped himself with millions of dollars from the oil wells of Niger Delta. What an irony and shame of a nation. I would like to appeal to public -spirited Nigerians to donate money to this worthy cause. Donations should be made to UUDA, payable into First Bank account number 3095185395. This is an appeal to help keep our villagers alive and give them sustainable livelihood. Thanks for your help!

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