A former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Andrew Yakubu, has confessed ownership of the staggering sum of $9,772,800 and another sum of £74,000 cash recovered from one of his houses in Kaduna.

“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,” the Economic and Financial Crimes Commission (EFCC) said Friday in a statement signed by the Head of Media, Wilson Uwujiaren.

Uwujiaren disclosed that “the huge cash was hidden in a fire-proof safe” and discovered during a special operation conducted by EFCC operatives on February 3, 2017.

According to the statement, “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 (Nine Million, Seven Hundred and Seventy Two Thousand, Eight Hundred United States Dollars) and another sum of £74,000 (Seventy Four Thousand Pound Sterling).”

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