News

February 10, 2017

Breaking: EFCC dig out $9.8m cash hidden in fire-proof safe by Yakubu, ex-NNPC GMD

FG laments illicit financial flows, says $400bn laundered by corrupt leaders

The Economic and Financial Crimes Commission has elaborated on how its operatives stumbled on the $9.8 million loot recovered from Andrew Yakubu, a former Group Managing Director of the Nigerian National Petroleum Corporation.

Earlier report had estimated the loot at $9.2million. But the Commission said it is $9.772,800.

The commission said a special operation conducted by its operatives on 3rd February on a building belonging to Yakubu in Kaduna yielded the staggering sum and another £74,000 (Seventy Four Thousand Pound Sterling) cash.

The huge cash was hidden in a fire proof safe.

Yakubu, ex-NNPC GMD hides $9.8m loot in Kaduna slum

Yakubu, ex-NNPC GMD hides $9.8m loot in Kaduna slum

Yakubu, ex-NNPC GMD hides $9.8m loot in Kaduna slum

Yakubu, ex-NNPC GMD hides $9.8m loot in Kaduna slum