EFCC charges Yakubu with asset concealment

Posted by News Express | 11 March 2017 | 1,865 times

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•Ex-NNPC GMD Andrew Yakubu.

The Economic and Financial Crimes Commission (EFCC) has formally charged Andrew Yakubu, the former group managing director of the Nigerian National Petroleum Corporation, with asset concealment and money laundering.

The six-count charge was contained in court papers filed on 9 March at the Federal High Court Abuja.

The EFCC had in February found about $9.8m and 74,000 pounds kept in a run-down bungalow in Tabon Tasha in Kaduna. The money belonged to Yakubu.

Despite the national outrage over the discovery, Yakubu is pursuing a case in court against the EFCC, claiming the money was a gift. The EFCC is also contesting the jurisdiction of the court to hear the case. (NAN)

Source: News Express

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