INFOGRAPH: What Andrew Yakubu’s N3.04billion loot can do for Nigeria

The bundles of cash recovered from Former GMD of NNPC, Andrew Yakubu's residence
The bundles of cash recovered from Former GMD of NNPC, Andrew Yakubu's residence

The Economic and Financial Crimes Commission recently raided a building in Kaduna where millions of hard currencies were allegedly hidden in fire-proof safe.

The money – $9.8million and 74,000 pounds – belongs to a former Group Managing Director of the Nigerian National Petroleum Corporation, Andrew Yakubu, the EFCC said.

Mr. Yakubu is currently standing trial for corruption and money laundering.

Civic technology group, BuDgit has now constructed a visual narrative to demonstrate what development projects the looted funds could have been used to execute for the benefit of Nigerians.

See infographic below:

IMG-20170210-WA0022


DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD:WARNING TO MEN: These 3 Foods is Killing Your Erection. Click Here to Know Them...


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.


  • Steve

    Pls Fed govt should invest all in Power

  • Gibson Bosah

    Up next
    Pdp wailers,fayose,wike,kayode n biafraud criticise blindly

    • aboki

      They won’t talk!
      They are advocates of Religious and tribal war i.e. INGBO AKWENO!
      They would justify his action and even call the discovery a setup and witch hunting despited the conffession WAILERS ke nan.
      When OKAFO importer of 661 pump type AK 47 was arrested they’re mute.
      When militants are busy destroying the only economic sector my WAILING WAILERS are applauding the action.
      Those so call ACTIVIST protesting are also quite on EFCC discovery.
      Corruption is fighting back With all the ARSENALS available including using the SO CALL ACTIVISTS.
      We can vividly see how some NIGERIANS are wishing PMB demise because it’s not business as usual now.
      If may quote DELE GIWA of blessed memory “God is a Nigerian “.
      Nigeria we hail thee!

  • Jerry Marok

    It is sad to know that somebody from Southern Kaduna had this kind of money while the whole of Southern Kaduna is so poor with youth all over the place having nothing to do. No cottage industry, no good schools, no good health facilities, no agricultural support for poor farmers. Gosh. Infact this money can start a university. I can’t understand why someone will keep this kind of money at home without investing it into the development of a community that desires and requires so much uplifment. Mmhhnnm. Now the money is back to government. It will be used to develop some other communities and Southern Kaduna may never benefit a dime from it. Sad.

    • FEMI A USA

      It is aspect of feel good and many Nigerians are gear towards contributing to humanity and maintenance of infrastructures. Too many thieves in the land.

    • Fred Duke

      Too bad you’ve misplaced your argument. The man in question was a GMD of NNPC whose product and business revolve around OIL FROM NIGER DELTA. JUST SAY THE TRUTH…This was the wealth of the Niger Delta that ended up in the hands of one Nnaman from South Kaduna while the people of the Niger Delta are living in penury. This is exactly how the Nigerian state underdeveloped the Niger Delta…by ensuring that thieves from other regions rape and cart away the resources of the Niger Delta. It is not fair. Normally, that recovered fund is supposed to be deployed in fixing infrastructure in the Niger Delta.

      • Simeon Kaase

        Myopic and brutal sectional

  • GbemigaO

    Now everyone should know the reason why dollars is scarce. While the stealing during GEJ time , they were mopping all the dollars after converting from Naira and the dollars are in people’s homes , Dom accounts etc . Scary!

    • Olatubosun

      Imagine that

    • Olatubosun

      The money that belongs to everyone of us……….. Without even know weather we are suffering or not.
      The money he stole can do better things for millions of Nigeria.
      Ah! He is heartless

  • Mary

    THIS TO INFORM THE GENERAL REPUBLIC CONCERNING; THE PURCHASE OF DANGOTE 3X CEMENT AT A PROMO PRICE OF 1000# PER BAG AND RICE 10,000# PER BAG. COST OF TRANSPORTATION FOR CEMENT IS 150# PER BAG AND RICE IS 500# PER BAG. CONTACT THE HEAD OF SALES, PASTOR THOMAS AISEMOTA ON 07038534730. NOTE: COST OF TRANSPORTATION IS MADE BEFORE DELIVERY.

  • Du Covenant

    This is why we should suspend the so called ‘rule of law’, declare a state of emergency on corrupt officials and deal with these individuals the harshest way possible if we truly are interested in deterrence. I know there will still be hardcore corrupt few at least that will be more manageable. The other day a self acclaimed thief who stole a lot more than this amount was deported from the UK and even the SSS welcomed him to his fatherland!, very astonishing how Nigeria is managed.

  • Olatubosun

    This man called yakubu is a great criminal professional armed robber

  • Olatubosun

    We need to stone this Useless thing to death after our money had been recovered from him….. Ole

  • Olatubosun

    This man must be killed immediately…

    • Truthometer

      If you kill him now, how do we get the remaining money, he is hiding in the soak away? Just relax until we are able to recover sizeable amount of our commonwealth he stole. And you guys are complaining and blaming Buhari for the hardship in the country? Just imagine if we can recover the other loots from Diezani Alison-Madueke etc? May God help us from enemy within!

  • Olatubosun

    They need to do stomach surgery for this man bcos I know that he he would have swallowed part of our money

  • Olatubosun

    Yakubu Ole

  • shasha

    Revolution is the ONLY ANSWER to nigeria problems

    • Osakue

      Just imagine is GEJ won the election?

    • Osakue

      Just imagine if GEJ won the election?

      • Peaceometer

        Ha! Don’t let us imagine, it could have been a disaster

  • javscong javscong

    The infograph shows how much mileage the nation can get out of this recovered cash. The man has admitted ownership and there can NEVER be any proof that it was legitimate earnings. So, move the money to the CBN, let the budget be adjusted accordingly and let the Presidency deploy the cash into those projects immediately. All these niceties about due process is stalling our development. We can still go ahead with the prosecution of the thieves. The same should apply to the huge sums recovered from Badeh, Diezani, Omokore,Amosu etc.

    • muktar aliyu

      Very well said. They should by now have officially published the total loot recovered in the last 2 years, and what effect it’s having on the budget.

      To take the transparency further, after the money has been sent to CBN like you said, CBN should also publish confirming exactly what it received.

  • he wouldn’t be charged so quickly. lol

  • Osakue

    Yakubu try him take style help us save the money. Otherwise e for done disappear like the rest

  • Powerlessconscious

    This is the product of gej administration. These is one of the devilish things that happened during those years of PDP.

  • NwaIgbo

    It is for reasons like this that our refineries, all four them are either not functioning or operating at below capacity.
    It is for demons like these that we don’t have 24/7 uninterrupted electricity.
    It is for this reason our youths and graduates are jobless.
    It is for this reason that our mothers die on their delivery beds due to lack of medical services.
    It is for this reason that our institutions of learning have been turned into cultist kingdoms and brothels.
    It is for this reason our young people are traversing deadly and dangerous routes of scorching Sahara and unforgiving Mediterranean sea just to escape Nigeria.
    It is for this reason our ever patient working class go for months without salary.
    It is for this reason that our pensioners die while waiting for their benefits.
    It is for this reason our roads are death traps despite billions allotted every year for infrastructure.
    It is for this reason our industries are comatose, our corporations looted and civil service sick.
    It is for reason like these that we line up for petrol and kerosene paying highest prices among oil producing nations.
    It is for these despicable rogues that we have pig pens for airports.
    It is for this that many of our marriageable ladies are without husbands because jobless ready- to- marry males do not have jobs.
    Have we not suffered enough?
    Have we not endured enough?
    Have not prayed enough?
    Who are these evil men and women who are devilish and bold enough to enslave generations of Nigeria now and in the future?
    Who are these Nigerians who have connived to steal our common wealth, how many heads do Diezanie, Yakubu, oil barons and their cohorts have? What power do they have over us that we cannot shatter these chains of slavery.
    Today, we are writing our meal or death tickets for this generation and future generations unborn.
    The choice is ours!

  • Can you imagine!