Money recovered from the residence of former NNPC GMD Andrew Yakubu
Money recovered from the residence of former NNPC GMD Andrew Yakubu

By Concise News Correspondent

The Economic and Financial Crimes Commission, EFCC, says its operatives have recovered  9.8m Dollars and 74,000 Pounds from the former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu.

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The money, according to the anti-graft agency, was hidden in a fire proof safe inside a building in Kaduna. It says the money belongs to Yakubu.

The anti-corruption body further said it carried out a raid on the facility on 3 February, 2017, after receiving an intelligence report about suspected proceeds of crime believed to be hidden in the slums of Sabon Tasha area of Kaduna State.

Safe where the money was found

It said on arrival at the facility, one Bitrus Yakubu, the caretaker of the house, believed to be younger brother of Andrew Yakubu, disclosed that both the house and the safe where the money was found belonged to his brother, the former NNPC boss.

Meanwhile, Yakubu has admitted ownership of the money, claiming it’s a gift. He was said to have reported to the EFCC zonal office in Kano.