Monday, June 14, 2021

EFCC charges Andrew Yakubu with asset concealment

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Jaafar Jaafarhttps://dailynigerian.com/
Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
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The Economic and Financial Crimes Commission has formally charged Andrew Yakubu, the former group managing director of the Nigerian National Petroleum Corporation, NNPC, with asset concealment and money laundering.

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Former Group Managing Director of NNPC Andrew Yakubu

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 Sabon 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.

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Here are the particulars of the charge against Yakubu:

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