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EFCC Raids Ex-NNPC GMD Andrew Yakubu, Recovers $9.8m and £74,000


EFCC Raids Ex-NNPC GMD Andrew Yakubu, Recovers $9.8m and £74,000


The Economic and Financial Crimes Commission (EFCC) conducted a special operation 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 and ran into huge wads of cash concealed in a hidden fire-proof safe in a bunker inside the building. The total cash confiscated by the anti-graft agency was $9.8M and £74, 000


According to a statement by the EFCC spokesperson,  Wilson Uwajaren, “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 (Nine Million, Seven Hundred and Seven Two Thousand, Eight Hundred United States Dollars) and another sum of £74,000 (Seventy Four Thousand Pound Sterling) cash.
EFCC Raids Ex-NNPC GMD Andrew Yakubu, Recovers $9.8m and £74,000The huge cash was hidden in a fire proof safe.The surprise raid on the facility was a sequel to intelligence which the commission received about suspected proceeds of crime believed to be hidden in the slums of Sabon Tasha area of Kaduna.

EFCC Raids Ex-NNPC GMD Andrew Yakubu, Recovers $9.8m and £74,000
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 (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, 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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