Saturday, 11 March 2017

$9.7m cash: EFCC files charges against ex-NNPC GMD Yakubu


A six-count charge of Advance Fee Fraud, money laundering, failure to declare over $9.7million gifts in Assets Form is now hanging on the neck of a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu.


The Economic and Financial Crimes Commission (EFCC) filed the charges at the Federa High Court ,Abuja.

Yakubu, who remained in detention last night, is likely to be arraigned next week before the Federal High Court, Abuja.

In the March 9,2017 charge sheet obtained by THE NATION yesterday, the EFCC accused Yakubu of receiving the huge cash gifts without going through a financial institution.

The charges read: “That you Andrew Yakubu( former Group Managing Director of the Nigerian National Petroleum Corporation) on or before the 18th day of August 2015 at the EFCC office at No.5 Fomella Street, Wuse II Abuja within the jurisdiction of this Honourable Court knowingly failed to make full disclosure of your assets to wit: $9,772,800 only in the Declaration of Assets Form you filled at the EFCC dated 18th August 2015 and you thereby committed an offence contrary to Section 27(3)(a) of the Economic and Financial Crimes Commission( Establishment) Act 2004 and punishable under Section 27(3) (c) of the same Act.


“That you Andrew Yakubu( former Group Managing Director of the Nigerian National Petroleum Corporation) on or before the 18th day of August 2015 at the EFCC office at No.5 Fomella Street, Wuse II Abuja within the jurisdiction of this Honourable Court knowingly failed to make full disclosure of your assets to wit: £74,000 only in the Declaration of Assets Form you filled at the EFCC dated 18th August 2015 and you thereby committed an offence contrary to Section 27(3)(a) of the Economic and Financial Crimes Commission( Establishment) Act 2004 and punishable under Section 27(3) (c) of the same Act.

“That you Andrew Yakubu sometime between 2012 and 2014 in Abuja within the jurisdiction of this Honourable Court without going through a financial institution received cash payment of the sum of $9,772,800 only and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 16(2) (b) of the same Act.

“That you Andrew Yakubu sometime between 2012 and 2014 in Abuja within the jurisdiction of this Honourable Court without going through a financial institution received cash payment of the sum of £74,000 only and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 16(2) (b) of the same Act.

“That you Andrew Yakubu( former Group Managing Director of the Nigerian National Petroleum Corporation) sometime between 2012 and 2014 in Abuja within the jurisdiction of this Honourable Court with intent to avoid a lawful transaction under the law transported at various times to Kaduna the aggregate sum of $9,772,800 only when you knew or reasonably ought to have known that the said funds formed part of the proceed of some form of unlawful activity and thereby committed an offence contrary to Section 7(4) (b) (ii) of the Advance Fee Fraud and Other Related Offences Act 2006 and punishable under Section 7(5) of the same Act.

“That you Andrew Yakubu( former Group Managing Director of the Nigerian National Petroleum Corporation) sometime between 2012 and 2014 in Abuja within the jurisdiction of this Honourable Court with intent to avoid a lawful transaction under the law transported at various times to Kaduna the aggregate sum of £74,000 only when you knew or reasonably ought to have known that the said funds formed part of the proceed of some form of unlawful activity and thereby committed an offence contrary to Section 7(4) (b) (ii) of the Advance Fee Fraud and Other Related Offences Act 2006 and punishable under Section 7(5) of the same Act.”

A statement by the Head of Media and Publicity of EFCC, Mr. Wilson Uwujaren, said a special operation conducted by operatives on 3rd February, 2017 yielded the recovery of a staggering $9,772,800 and another sum of £74,000 cash.

According to him, “the huge cash was hidden in a fire- proof safe. 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, Andrew Yakubu.

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

“On February 8, 2017, Andrew Yakubu reported to the commission’s zonal office in Kano and made statement wherein he admitted ownership of the recovered money, claiming it was gift from unnamed persons. He is currently assisting the investigation.”

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