IN PICTURES: EFCC recovers $9.2m cash former GMD of NNPC | Nigeria News Today. Your online Nigerian Newspaper

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The Economic and Financial Crimes Commission has found $9.2m cash and £74,000 after raiding the home of a former GMD of NNPC Andrew Yakubu in Kaduna.

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Yakubu is being detained in an EFCC facility in Kano.

The cash, NE gathered authoritatively yesterday,was originally hidden by the suspect in a fire-proof safe at his brother’s house in the slums of Sabon Tasha area of Kaduna metropolis apparently as a precautionary measure.

It was discovered by EFCC operatives who immediately impounded it.

Yakubu was subsequently arrested and taken to Kano for interrogation.

Sources said he admitted the ownership of the money which he described as a gift.

He did not name the givers.

But he was driven to Kaduna yesterday by the EFCC for a fresh search.

A highly-placed EFCC source said yesterday that Yakubu was co-operating well with his interrogators.

“ So far, he has cooperated with our investigators by admitting ownership of the funds,” the source revealed.

“As I speak with you, we have taken him to Kaduna for another round of search . We are suspecting that there could be more of such slush funds hidden elsewhere. We are not prepared to take things for granted.”

Asked whether the ex-GMD could face trial, the source said: “All I can tell you is that investigation is still on. We are glad that we have recorded a breakthrough.


“We have a senator in our office in Kano trying to guarantee his bail. If he is able to meet the bail conditions, we will release him while investigation continues.”

The Head of Media and Publicity of EFCC, Mr. Wilson Uwujaren, in a statement yesterday, gave details of how the agency recovered the $9.7m.

His words:”A special operation conducted by operatives of the Economic and Financial Crimes Commission on 3rd February, 2017 on a building belonging to a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Andrew Yakubu, in Kaduna yielded the recovery of a staggering sum of $9,772,800 and another sum of £74,000 cash.

“The huge cash was hidden in a fire-proof safe.

“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.

“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.

“When the safe was opened, it was discovered that it contained the sum of $9,772,800 and another sum of £74,000.

“On February 8, 2017, Andrew Yakubu reported to the commission’s Zonal Office in Kano and made statement wherein he admitted ownership of the recovered money, claiming it was a gift from unnamed persons. He is currently assisting the investigation.”

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  1. Enemies of our country will say is not good is witch hunt, thank you Buhari for revealing that those lead us before and their followers are the biggest enemy of our country, they hate you just because you don't allow their pay master to steal, i wish you quick recovery and safe return Mr President God bless you

    ReplyDelete
    Replies
    1. Are you saying that Fashola, Tinubu, Atiku, Amaechi don't have this type of money in their homes? let him do it to all people invoved. ok

      Delete
    2. This is poverty mentality. what is bad is bad individually.

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    3. pls shut up Mr Ipob member that doesn't wish nigeria well. have you caught Fashola with any money?

      Delete
    4. Have you raided Tinubu, Fashola and Amaechi to know if you will catch them with money or not? Up until they raided Yakubu, if someone tell you that he stole money, will you agree?

      By the whats the point of all these raids? Where are all the money being recovered? Thieves! They simply seize it from who was holding it before, and steal it themselves! If not, why sell the govt bonds to fund the budget. Where is the money mr saint and Nigeria is still sinking deeper and deeper into recession! Where are the monies?!

      Delete
    5. Anonymous 7:46pm; you want to see the money, it is displayed there for innuendos like you to see or you want some wired into your account? Bushman!

      Delete
    6. You are such a big fool for your comments. Bush snoring from your legs

      Delete
    7. We dont need to fight ourselves over our thiefs leaders, i think we should pour the anger on the thiefs, How can someone steal this much and u expect that there would not be dollar increase. Am sure more will still be exposed. Which Way Nigerians

      Delete
  2. Mr man. Shut up. you are a very foolish idiot. how can it be so difficult to condemn this kind of theft of our common wealth. after you will be complaining that the price of things have gone up. Money that is meant to be for hospitals and schools and roads. one man stole it and you are talking rubbish. may thunder fire your yansh.

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  3. wow. why won't the country be in recession.

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  4. This is indeed a colossal theft!!! With this exposure, I am certain that other revelations of something more than this will come to the open soonest. This is no doubt his reserve..... ; I am just speechless and can't find words to express my feelings. May God save us from greedy leaders.

    ReplyDelete
  5. Lets be truth, what Yakubu did is wrong, yes! He should be tried and hanged or shot through firing squad. But, wait, he was not the only one in that regime. Let the EFCC raid Amaechi, Tinubu, Obasanjo, Emiefele, Sanusi, Atiku, all of them. They have all tasted that seat of power and have stolen or are still stealing till date. Let the raiding be generalized. Lets stop this witch hunt or selective corruption cleansing! How can Amaechi be clean? All the letters of allegation that has been written to EFCC and copied Buhari, why has nothing been done to him? After all it is the same immunity that covers him that should have covered Saraki that has been ridiculed ever since.
    Abacha that "did not steal" yet his loot stashed away in foreign lands are still being recovered till date, have anyone raided Mohammed Abacha's residence or Maryam Abacha? Lets be truthful. Nigeria will never go forward until righteousness is enthroned, which will throw away tribalistic and political affiliations and do the right needful thing.

    Lastly, where are all these monies that are being recovered? Why are we still selling assests to fund the budget if these monies are truly being recovered or is it that they are simply taking it from the former thieves and they are thieving it themselves and Babachir using it to cut grass?

    Let the raiding go round, we know all of them, Lets be truthful! SO don't praise PMB yet, until he proves that he himself is not stealing the money or allowing those under him (eg SFG Babachir) to steal it and use it to cut grasses in the desert.

    ReplyDelete
    Replies
    1. most foolish comment of the year...with this mentality and reasoning this country will never move forward..with this truth you are seeing you are still playing politics...oga oooo..may God save this country

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    2. You are an idiot for writing this. Thief.you are not only a thief you are evil and you should be justified by hanging. See innocent write up and you are commenting rubbish

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  6. I always wonder for your Comments that you are Accusing Tinubu and others, this is gradual process and those of you that will Always not Appreciate Mr President Effort by fighting your corrupt Parents and their Associate God Will Punish all of you and die in Humiliation. God bless Nigeria and Mr President.

    ReplyDelete
  7. I always wonder for your Comments that you are Accusing Tinubu and others, this is gradual process and those of you that will Always not Appreciate Mr President Effort by fighting your corrupt Parents and their Associate God Will Punish all of you and die in Humiliation. God bless Nigeria and Mr President.

    ReplyDelete
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    ReplyDelete
    Replies
    1. Thief. Ole buruku. Is this the way customs auction vehicles?
      May God punish all barawos who are trying to defraud Nigerians in these hard times

      Delete
  9. Our politicians are THIEVES. Whether PDP or APC. They are ALL THIEVES. Even in the civil service, there are thieves everywhere. And until we do away with all these IDIOTS, DEMONIC, and professional THIEVES in the name of Politicians and public servants, this country will continue to sink.

    ReplyDelete
  10. Our politicians are THIEVES. Whether PDP or APC. They are ALL THIEVES. Even in the civil service, there are thieves everywhere. And until we do away with all these IDIOTS, DEMONIC, and professional THIEVES in the name of Politicians and public servants, this country will continue to sink.

    ReplyDelete
  11. Until this country introduce capital punishment for those who think that their position of authority is a blank cheque for them to steal our collective wealth for their self and children, this country should as well forget fighting corruption, because corruption is definitely going to fight back.

    ReplyDelete

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