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Alleged N9.8mn fraud: Money found in my house were gifts, Ex-NNPC boss insists

Former Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, told the Federal High Court sitting in Abuja that a substantial part of the money found at his Kaduna residence by EFCC in 2017 was the gift he got after leaving office.

Yakubu disclosed this while giving testimony before Justice Ahmed Mohammed as defence star witness in an alleged money laundering case instituted against him by the anti-graft agency. In 2017 the Economic and Financial Crimes Commission, raided the residence of the ex-NNPC boss in Kaduna State and found $9,772, 800 and £74, 000 in a safe. Consequently, Yakubu was arraigned by the agency in 2017, on six counts.

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Responding to questions from Ahmed Raji, his Counsel, and a senior advocate of Nigeria, Yakubu confirmed that the money discovered in his property by the EFCC belonged to him. Explaining further, Yakubu said the purpose of keeping the money was to think about a business venture he could embark on after his retirement.

Before Counsel to the EFCC, Mohammed Abubakar, began his cross examination, Justice Mohammed announced an adjournment for continuation trial and July 22 date was fixed.

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