EFCC recovers $9.2m from ex-GMD of NNPC Yakubu’s home

The Economic Finance and Crime Commission (EFCC) says it recovered a staggering N9,846,800 from a building during a  special operation conducted by its operatives on Feb. 3 in Kaduna.

Dr. Andrew Yakubu, former GMD of NNPC

Dr. Andrew Yakubu, former GMD of NNPC

The anti-graft commission, which made the revelation in a statement posted on its official website on Friday alleged that the building and the collosal money belong to a former Group Managing Director of the NNPC, Dr. Yakubu Andrew.

The statement read in part:

“A special operation conducted by operatives of the Economic and Financial Crimes Commission on Feb. 3, 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 and another sum of £74,000  cash.

The illegal private voult where the money was allegedly stored in Sabon Tasha area of Kaduna metropolis

The illegal private voult where the money was allegedly stored in Sabon Tasha area of Kaduna metropolis

“The huge cash was hidden in a fire proof safe.

How The Money Was Recovered….


“The surprise raid of the facility was sequel to an intelligence, 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, Yakubu.

“When the safe was opened it was discovered that it contained the sum of $9,772,800 and another sum of £74,000.

“On Feb. 8, Yakubu reported to the Commission’s Zonal office in Kano and made statement wherein he admitted ownership of the recovered money,” the commission stated.

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The former NNPC boss reportedly claimed it was gift from unnamed persons.

He is currently assisting the investigation.

The $9.8m allegedly stored away by Yakubu

The $9.8m allegedly stored away by Yakubu

The Renaissance reports that many people have been commenting on the staggering revelations on the EFCC’s official Facebook account.

Below are some of the reactions, unedited as posted on the EFCC’s Facebook.

Moshood Abdulwahab said: “IF the GMD of NNPC could hide such an amount of money, what amount would the minister of petroleum hide? EFCC investigate him properly to get others, I believe that this is a deal among some cabals”.

Felix Osalusi: “Where are those animals that says buhari is not fighting corruption,and that is the one that lead Nigeria into recession. This man deserves life imprisonment. Government should not allow him to enjoy d money.This is wickedness of the highest order”.

Abdullahi Amando: “May GOD go punish dem ameen… Pple r suffern they dont even kia, 2 help….”
Wanger Ubebe: “Where are those who condemned sting operations as was conducted on the judges and in this case?how could this have been possible if the EFCC had to first obtain a court order?
Taofeeq Olatide Lawal: “This is too much! Nigeria millionaire, please don’t forget Allah’s judgement hereafter. Where all the wealth will testify against you. Nigerians are really suffering but you idiots keep on looting our resources and wealth. You shall reap it all”.
Opuada Charles-Halliday: “There is a silent revolution going on in Nigeria. Magu must be confirmed or we take over national assembly. The dollar they are using to operate the illegal black market, better called parallel market”.
Asiwaju Demola Akinsola: “God will punish all of you corrupt people even those useless politicians from your generation to the tenth generation…. You all will not know peace as you have put this nation in this recession mess. E no go well wit una wey dey tif our money still dey deny. Una pikin no go do well in life IJN”.
Dauda Mohammed: “Such a person should simply not be taken to any court for prosecution that would time n energy consuming,he should simply be thrown to lions in a zoo for feasting! ………….Oh ma gowd!!!!”

Ibrahim Idris: “That is why they do not want Magu to be confirmed and rain shower of dead wishes on buhari but they will always fail”.

Olowofila Felix Tayo: “Can you now see what lead us into recession…… Instead of them to protest against the corruption, they were against the fighting of corruption. What an irony?”
Uwa Id: “Congratulations to the great men and women of this commission. Our thoughts and prayers to you all always for the marvelous job you do to reshape our nation”.
Micheal Joseph Chibunna: “hmmmm!!!, 9.7 million dollars?, is this a dream or what?, EFCC, are you very sure of this? or is it one of the Nigerian movies?…. if this is true, ask him the source and why such money is found in his house, is his house a bank? tufiakwa!”
Daniel Clue JP: “After displaying the money what next? .granting him bail that ends the case. ..hundreds have been indicted none has been jailed”.
Adeaga Jnr OluwaFeola: “I fear oo…all this politician sha, dem won turn to Pablo Escobar, one by one their secret will be Link..perhaps days of Buhari and Obasanjo also worst than this. I just pray this country get to a better place, and I believe all this so called politician will surely die one by one..or make them give them combine bombing…they r the real corruption, Fela talk ham, but we Nigeria they fear to much.. Chai I fear politicians….God help us Please.”
Andre Carl Unadike: “What do you expect,when they shut down so many bureau de change and. Licensed the sales of dollar to their bothers only,bringing a relative scarcity of the money and an increase in it’s value(keeps rising tho),thank God they didn’t say it’s Jonathan’s minister….”
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