$9.8m: EFCC to arraign ex-NNPC MD, Yakubu on Thursday

by Dolapo Adelana

The Economic and Financial Crimes Commission (EFCC) will on Thursday arraign a former Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Andrew Yakubu, before a Federal High Court in Abuja.

On March 10, the anti-graft agency filed six charges bordering on fraud and false declaration of assets against Yakubu.

On February 3, operatives of the Commission stormed a building belonging to the former NNPC boss and recovered the sum of $9.8m and £74,000 stashed in a huge fireproof safe in a slum in Kaduna.

Yakubu will be arraigned on Thursday before Justice Ahmed Mohammed, who is also the judge hearing the ex-NNPC GMD’s human rights enforcement suit filed against the EFCC.

Yakubu had claimed that the money were proceeds of gifts he received during his tenure as the NNPC boss.

The Commission accused Yakubu of failing to declare the money when he filled his Declaration of Assets form at the EFCC in 2015.

He was also accused of receiving huge sums of money without going through a financial institution.


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