Alleged $9.8 million fraud: Court adjourns Andrew Yakubu’s trial

Ex-NNPC boss, Andrew Yakubu in court
Ex-NNPC boss, Andrew Yakubu in court

The Federal High Court, Abuja, has adjourned until January16, continuation of hearing in the fraud case filed against Andrew Yakubu, former Group Managing Director, Nigerian National Petroleum Corporation, NNPC.

At the resumed hearing on Tuesday, Waziri Nitte, the second prosecution witness, told the court how he, along with his colleagues, raided a house in Kaduna and recovered huge sum of money in foreign currency.

Mr. Nitte, who was led in evidence by the prosecuting counsel, Ben Ikani, told the court that he was a detective with the Economic and Financial Crimes Commission, EFCC.

The witness who said that they acted based on an intelligence report that the house in question was stashed with money, added that the money recovered was taken to the Central Bank of Nigeria.

“On February 2, we received intelligence report that there was a house located at Sabon Tasha, Kaduna where some foreign currency was stashed.

“We were detailed to travel from Kano to Kaduna and conduct a search on the said location with a valid search warrant.

“We searched the house and found a safe which was locked, we employed the services of a locksmith who unlocked the safe and upon counting the money, it amounted to $9,772, 800 and £74,000.”

Under cross examination by Mr. Yakubu’s counsel, Ahmed Raji, the witness told the court that he was not aware of an appeal concerning the interim forfeiture order with regards to the recovered money.

The News Agency of Nigeria reports that Mr. Yakubu was arraigned by the EFCC on a six-count charge, bordering on non-disclosure of assets and fraud, charges to which he pleaded not guilty.

Mr. Yakubu was alleged to have, as “Group Managing Director of NNPC, between 2012 and 2014, within the jurisdiction of the court, with intent to avoid lawful transaction, transported to Kaduna $9. 8million and £74,000.”

He was also accused of failure to disclose the sum of $9.8 million and £74,000 to the EFCC in his asset declaration form, a crime which contravened Section 27 (3) of the EFCC Act.

(NAN)


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  • Isa Adam

    If Andrew Yakubu has used the money to build hospitals, Schools, Bore holes, Orphanage homes and rebulid the dilapidated roads in his community or empower the poor members of his people . it will have been better and his people would have been there for him at this tral times. this is a esson for greedy public looters

    • Frank Bassey

      Looting is Looting.

      • FineBoy

        Greed is added to this looting

  • Frank Bassey

    According to stories making the rounds, he fell out of favour with Gov. El-Rufai when it was discovered that he was supporting Rabiu Kwankwaso’s presidential bid. Otherwise the man was a secrete supporter of APC while serving under GEJ as NNPC GMD. When GEJ sacked him because of his misdemeanor; and APC kicked.

    • FineBoy

      Fake News

      • Frank Bassey

        Genuine News, please.

        • FineBoy

          When did Kwankwaso indicate Presidential bid?

          When Rufai show same?

          When was the money discovered?

          Is Rufai the whistle-blower?

          Until all these issues sync, it’s FAKE NEWS

          • Frank Bassey

            I asked for genuine news and you are asking me questions.