by Azeez Adeniyi
The Federal Government, on Friday slammed nine-count money laundering charge against former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Andrew Yakubu.
Operatives of the Economic and Financial Crimes Commission, EFCC, recovered $9.8m and £74,000 from Yakubu’s guest house situated at Sabon Tasha, Kaduna State.
EFCC said it had discovered the sum in a fireproof safe inside the house.
A Federal High Court in Kano, on February 13, granted an order that forfeited the recovered money to FG, a decision Yakubu had since challenged, maintaining that the money was accumulated gifts he received during different ceremonies.
In the suit which was filed before the Federal High Court in Abuja, the FG alleged that Yakubu failed to declare the money in the assets form he filed at the EFCC on August 18, 2015.
The charges was dated March 9 and signed by three EFCC prosecutors led by Prince Ben Ikani.
In count three and four of the charge FG, alleged that Yakubu had between 2012 and 2014, without going through a financial institution, received cash payments of $9, 772, 800 and £74, 000.
In count five and six, FG alleged that Yakubu had with intent to avoid a lawful transaction under the law, transferred at various times in Kaduna, aggregate sums of $9,772, 800 and £74, 000.
According to the EFCC, Yakubu reasonably ought to know that the said funds formed part of the proceed of some form of unlawful activity.
No date has however been fixed for arraignment of the defendant.