The Economic and Financial
Crimes Commission(EFCC) has arrested a former Group Managing Director of the
Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, following the
recovery of $9,772,800 and £74,000 cash from him.
Mr. Yakubu is being detained
in an EFCC facility in Kano, The Nation newspaper reported.
The cash was hidden by the
suspect in a fire-proof safe at his brother’s house in the slums of Sabon Tasha
area of Kaduna metropolis.
Mr. Yakubu was subsequently
arrested and taken to Kano for interrogation.
Sources said he admitted the
ownership of the money which he described as a gift.
He did not name the givers.
But he was driven to Kaduna
Friday by the EFCC for a fresh search.
A highly-placed EFCC source
said Mr. Yakubu was co-operating well with his interrogators.
“So far, he has cooperated
with our investigators by admitting ownership of the funds,” the source told
The Nation.
“As I speak with you, we have
taken him to Kaduna for another round of search . We are suspecting that there
could be more of such slush funds hidden elsewhere. We are not prepared to take
things for granted.”
Asked whether the ex-GMD
could face trial, the source said: “All I can tell you is that investigation is
still on. We are glad that we have recorded a breakthrough.”
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