EFCC Arrests Ex-NNPC MD, Andrew Yakubu That Hide N3 Billion in His House

The Economic and Financial Crimes Commission(EFCC) has arrested a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Andrew Yakubu, following the recovery of $9,772,800 and £74,000 cash from him.

Yakubu is being detained in an EFCC facility in Kano, The Nation newspaper reported.

The cash was hidden by the suspect in a fire-proof safe at his brother’s house in the slums of Sabon Tasha area of Kaduna metropolis.

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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 Friday 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 told The Nation.

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“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.”

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-NAN



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