Former NNPC boss Andrew Yakubu forfeits N3 billion to Nigerian govt

Andrew Yakubu [Photo Credit: ELANZA NEWS]
Andrew Yakubu [Photo Credit: ELANZA NEWS]

A court has ordered that the $9.8 million and 74,000 pounds recovered from a house belonging to Andrew Yakubu be forfeited to the Nigerian government.

The anti-graft agency, EFCC, last Friday announced it recovered the money (about N3 billion in total) from a Kaduna home of the former head of the state oil firm, NNPC.

Mr. Yakubu, who reportedly admitted owning the money has since been arrested and is in custody of the EFCC.

The Federal High Court in Kano presided over by Justice Zainab Abubakar ordered the forfeiture on Tuesday.

The order was sequel to an ex parte application by the EFCC seeking an interim forfeiture of the recovered money to the Federal Government.

The application was moved by Salihu Sani, counsel for the applicant.

In her ruling, Justice Zainab held “That the sum of $9,772,000 (Nine Million, Seven Hundred and Seventy Two Thousand United States Dollars) and £74,000 (Seventy Four Thousand Pound Sterling) which are now in the custody of the applicant (EFCC) are in the interim forfeited to the Federal Government of Nigeria”

PREMIUM TIMES reported how the EFCC announced the recovery of the money.

The huge cash was hidden in a fire proof safe, the commission had said.

The spokesperson for the EFCC, Wilson Uwujaren, said in a statement that 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.

EFCC operatives evacuating the safe, the house where the cash was hidden and the money
EFCC operatives evacuating the safe, the house where the cash was hidden and the money

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 another sum of £74,000.

On February 8, Mr. 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, Mr. Uwujaren said.


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  • truth

    There are sicknesses without clinical symptoms: corruption is one of them.

    • aboki

      I concur

      • Policy Group

        @olanlokun:disqus,

        What next for Sterling Bank?

        A slew of other corrupt acts lately uncovered by EFCC implicating five bank chiefs
        makes Buhari look less effective. The Managing Director of Sterling Bank, YEMI ADEOLA
        was uncovered to have actively hidden away from bank books a sum of 153 million dollars
        stolen from the NNPC but Yemi Adeola remains in office in violation of public ethics and public
        confidence. No fine has been imposed on Sterling Bank for this criminal act and the entire
        board and management of Sterling Bank all remain in office with total impunity.

  • Okokondem

    it’s unambiguously unquestionable WHY the desire to STEAL from the rest of us by those entrusted to work for the rest of us is so rampant and that is, there are no measurable repercussions or consequences for stealing from the people.

    The question therefore is, what would Nigerians want done to those who steal from the people?

    Should the country conduct a referendum (plebiscite) to decide the fate of those who would stole or would steal money
    earmarked to improve the standard of living of the rest of us?

    It has become obvious this problem would not go away, and unfortunately those entrusted to bring an end to stealing are in fact the perpetrators which presents a dilemma.

  • Black or White

    Is Yakubu an Ibo man? To my SE brothers.

  • FreeNigeria

    Ok cool, he gave up 3 billion, there’s more from where that came from. Look at his wicked face like rat when e chop Otapiapia.

    • Fili.Okun

      @disqus_vNgNHRex1N:disqus

      With this sort of gross insult theft by Yakubu, Premium Times has good reason
      for restricting comments at times on certain topics or arguments. They have 360°
      vision which no person contributing in this chat room has. I am not defending
      Premium Times for deleting comments posted here, but stating what’s likely
      obvious in journalism that such decision is not necessarily personal – though it
      may be in certain contexts.

      Editors may restrict certain commentators just to save them from
      themselves as anger at Nigeria’s infuriating circumstances rises. Nobody likes
      being robbed. But robbery is understating the Nigerian situation. What’s been going
      on in Nigeria is genocidal thefts. In other words we are faced with thefts by
      officials done with intent to kill the populace and destroy the country.

      If only Nigerian people were less lethargic all these official treasury
      thieves can be nabbed by citizens’ arrest – by the ordinary people arming themselves
      as revolutionary militias. Within 48 hours 80% of Nigeria’s official thieves
      will be smouldering in ashes on the streets. Ultimately matters will come to a
      head and the populace will understand that self-defence against treasury
      thieves is the only lawful option left.

  • Spoken word

    and some bastards will say we should bring corruption back

    • Dokita Omowe

      @disqus_IU5znOohb5:disqus

      SHOULD PREMIUM TIMES NOT HAVE GIVEN A HEART ATTACK ADVICE THAT THIS HEINOUS STORY

      WE’RE ABOUT TO PUBLISH WITH PICTURES OF STOLEN $10MILLION CAN CAUSE SUDDEN DEATH?

    • BURNING SPEAR

      Was it the government of Bingo Buhari that first indicted him–? AGAIN -were the Yorubas and Fulanis not busy insulting Jonathan for sacking him—————————just some few years ago——-?———–BESIDES did the same efcc not use Yakubu as a witness against Ijaw man Etete———————–recently————-The man is now in the gulag of Bingo Buhari and we have efcc putting him on media trial———————-NA WAYA————-

      • Spoken word

        do you know the difference between your brain and your anus.

    • BURNING SPEAR

      President Muhammadu Buhari’s signature has been allegedly forged in order

      to sell $19 million worth of crude oil in China according to a House of

      Representatives member, Ehiozuwa Agbonayinma

      Agbonayinma also accused the Nigerian National Petroleum Corporation

      (NNPC) of gross corruption while appearing on Channels TV.

      “In this letter here, this is not President Buhari’s signature but it was

      forged by our people – by Nigerians who wanted to sell the crude in China

      worth about $19 million,” he said.

      “I tell you the truth, the .Attorney-General of the Federation (AGF) is

      also aware. We are working day and night to also do what is needed to get

      it right because he (the AGF) is the custodian of the laws in the nation.

      “So, I’m saying I must tell you that the corruption in this country didn’t

      just start yesterday. It is a cancer, and to cure cancer, you need a

      radical approach getting the radical approach in this case means you have

      to step on peoples’ toes, which might affect those that are probably close

      to you.

    • No-Comment

      “James Ibori, former governor
      of Delta state, admitted 10 counts of conspiracy to defraud and money
      laundering. Southwark Crown Court was told the amount he stole from the people
      of Delta state was “un-quantified”. James Ibori, a former London DIY
      store cashier who became governor of an oil-rich Nigerian Delta state has been
      jailed for 13 years for fraud totalling nearly £50m ($77m). The Southwark Crown
      Court heard James Ibori came to the UK in the 1980s and worked as a cashier at
      a Wickes DIY store in Ruislip, north west London. James Ibori was later
      convicted in 1991 of stealing from the store but then returned to Nigeria and
      began his climb up the People’s Democratic Party (PDP) network.”

      ………………BBC News

      (April 17th, 2012)

  • BURNING SPEAR

    Was it the government of Bingo Buhari that first indicted him–? AGAIN -were the Yorubas and Fulanis not busy insulting Jonathan for sacking him——from NNPC———————just some few years ago——-?———–BESIDES did the same efcc not use Yakubu as a witness against Ijaw man Etete——-concerning the oil wells that Abacha gifted him—————-recently————-Sadly the man is now in the gulag of Bingo Buhari and we have efcc putting him on media trial———————-NA WAYA————-for Nigeria

  • zacchaeus Akinleye

    Anyone wishing Buhari dead will be out of service (dead, bedridden, kidnapped, incarcerated or incapacitated) when PMB returns to superboost the EFCC corruption-busting machine. Say Amen if you’re clean!

    • tundemash

      Thunderous amen !!!

  • marc umeh

    I need to cut down on reading nigerian news .I am about to get a heart attack.
    This indeed is a zoo.

    • The Revolutionaries

      @marcumeh:disqus

      Nigeria’s Final Solution

      Since APC is
      far worse than PDP in terms of knowledge of what to do to avoid running Nigeria
      aground, it means APC is the least desirable option for the future of Nigeria,
      and therefore APC must go for incompetence and lack of knowledge, but because
      for all its knowledge PDP lacks character and engaged in or overlooked massive
      thefts of the treasury during its time in office as the governing party, PDP is
      also not an option for the future of Nigeria. Therefore the only option for the
      good future of Nigeria is a bloody revolution by the citizens of Nigeria
      organized as armed militias to kill all treasury thieves in all neighbourhoods,
      to liberate all stolen assets, to occupy and seize all houses and hotels built
      with stolen money, and generally lay the wives and children of thieves to rest
      in perfect peace since nobody is entitled under the law of wills to inherit
      stolen property.

      • marc umeh

        Yesooooooo !!!!!!!!

        • Dele O.

          @marcumeh:disqus

          Me too I concur. Blood must flow! No more plea-bargain and dialogue with thieves.

          Only a bloody revolution can save Nigeria. The tree of liberty must be watered by the

          blood of officials stealing in government. Let the robbed society take its revenge now!

          • marc umeh

            No other solution.

  • Otile

    Where is Imam Buhari, what exactly is he suffering from? No reasonable person has sighted him in England, all we are told is to pray for his health. Nigerians are not all_fools to be hoodwinked this way.

  • Dr Pat Kolawole Awosan

    S98,800 dollars and 74,000-pound sterling recovered from a building in Southern slum of Kaduna, belong to former GMD.of NNPC Andrew Jakubu,who is in EFCC custody must be forfeited to the Federal Government of Nigeria.Andreww Yakubu, gotten the foreign currencies through NNPC corruptly and automatically, be forfeited to Nigeria.

  • Lanre

    Rubbish. How much is the current NNPC Boss stealing? They have been stealing this money since I grew up knowing Nigeria. Was it not Buhari as Minister of Petroleum that was supposed to have stolen =N=2.8b in 1978/79 when $1 was like 80 kobo? Yeye people.

  • Mary

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