EFCC discovered a vault containing $9.7m at the Kaduna home of former Group Managing Director of NNPC, Andrew Yakubu.
According to a statement released this afternoon, the antigraft agency said a special operation conducted by its operatives on 3rd February, 2017 on a building belonging to the former NNPC boss 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 report 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.
When the safe was opened it was discovered that it contained the sum of $9,772,800 (Nine Million, Seven Hundred and Seventy Two Thousand, Eight Hundred United States Dollars) and another sum of £74,000 (Seventy Four Thousand Pound Sterling).
On February 8, 2017, the ex NNPC boss reported to the Commission’s Zonal office in Kano and made statements wherein he admitted ownership of the recovered money, claiming it was gift from unnamed persons. He is currently assisting the investigation.