EFCC arrests Andrew Yakubu for hiding N3.04billion cash in Kaduna slum

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

The Economic and Financial Crimes Commission(EFCC) has arrested a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, following the recovery of $9,772,800 and £74,000 cash from him.

Mr. Yakubu is being detained in an EFCC facility in Kano, The Nation newspaper reported.

The cash was hidden by the suspect in a fire-proof safe at his brother’s house in the slums of Sabon Tasha area of Kaduna metropolis.

Mr. Yakubu was subsequently arrested and taken to Kano for interrogation.

Sources said he admitted the ownership of the money which he described as a gift.

He did not name the givers.

But he was driven to Kaduna Friday by the EFCC for a fresh search.

A highly-placed EFCC source said Mr. Yakubu was co-operating well with his interrogators.

Andrew Yakubu Photo: www.thenigerianvoice.com
Andrew Yakubu

Photo: www.thenigerianvoice.com

“So far, he has cooperated with our investigators by admitting ownership of the funds,” the source told The Nation.

“As I speak with you, we have taken him to Kaduna for another round of search . We are suspecting that there could be more of such slush funds hidden elsewhere. We are not prepared to take things for granted.”

Asked whether the ex-GMD could face trial, the source said: “All I can tell you is that investigation is still on. We are glad that we have recorded a breakthrough.”


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  • Kevin Peter

    This may be one of the reasons why President Buhari is sick. Or how can one explain a situation of only one man amassing the wealth of thousands? N1million as loan offer to SMEs can raise 3000 people from rags to wealth with full reimbursement after the expiration of the loan. I suggest government should do just that to increase cash flow in the system and boost the economy instead of it’s bad policy of dumping same funds into the TSA!

  • Peaceometer

    Official oil bunkerers are Jide Omokhore, Kola Aluko, Deziani. Father of militant groups. These are the people behind bombing, and militant actions.

  • Chudi Anunobi

    Is this the result of the 10% commission promised to whistleblowers? If so somebody has become rich o, $980,000 no be small money. EFCC, please I know somebody that stole money o, what is the address of your nearest office?

    • Julius

      hahahahahaha, abeg I go join you pointing fingers. Just give me 3% out of the 10.

    • persona

      The ten percent was for EFCC to retain as motivation but of course the NASs shut it down.
      The 2.5-5 percent is the one FG initiated for whistleblowers and as they have said, its yielding results.
      Please negotiate your full 5 percent…at all, at all, na him bad.

    • Peter_Edo

      It’s 2.5 to 5%

      • Chudi Anunobi

        $245,000 -$490,000. Still not bad o

        • Peter_Edo

          Bros I dey find who tief money make I go report am!!!

          • Chudi Anunobi

            I know one man wey thief money, him name na Bukola Saraki. Abeg go help me report am make we share the money.

          • Peter_Edo

            Nor be to know, have proper evidence that will lead to confiscation. Nah that one I dey find.

  • Julius

    ‘We are suspecting that there could be more of such slush funds hidden elsewhere. We are not prepared to take things for granted.” I honestly think so as well. Keep searching guys and keep him in your cell.

  • Julius

    Oh, make u no worry, dem go sing and tell on each other. Remember, there is no loyalty among thieves .

  • ijelejames

    Shame on you Andrew Yakubu! From grace to grass because of greed.

    • Jamie

      You resemble one of the world’s most famous serial killers. Are you posting from prison or from Sambissa or from Daura?

      • ijelejames

        You are too naive. Looks don’t matter in life as it could be deceiving. Anyway, you are still a child. Chai! Eh yah!

  • obi

    Watch out for more decimation of the people of southern kaduna origin. Anyone of them that had looted funds and is capable of supporting the moves against the extermination of that people is a goner. Apc supported him when he was sacked by GEJ, used him as a star witness against Jide Omokore in attempt to nail Diezani. Now the game has changed, the decimation of the southern kaduna people ranks higher in scale than other agendas hence the time to nip him to tge bud cos the kind of fund he has stashed away could tilt the ongoing war and complete domination of the people of KdSouth. More of the fall guys they used for their purpose with the hope of retaining their lush funds but now that the priorities are different and purposes re-directed, as usual they can be easily dispensed off as the little minions that they were. I am sorry sometimes for our brothers up there in the north, sometimes identity complex is their greatest undoing, years of subjugation and persecution by the islamist casts upon them the inferiority of identity- they do the bidding of their masters to accept recognition and answer entrusted Arewa and when they stand as a threat- they re easily thrown off the balcony; their southern brethren ususally confused on where they stand with or without them cos their relationship either with the domineering masters in the north or the affiliated brethren of the south is complicated. For now, this minion called Yakubu remains fallen for his greed, corrupt attitude, siding with Arewa to bring down others but retaining a lush fund which he cannot be completely trusted to keep and not use it in support of the uprising likely to happen in southern Kaduna. And ofcourse clueless Nigerians cant see beyond their noses and thinks this is about fighting corruption. It is all about supremacy, control, domination, potential dissebting voices and keeping the wealth out of the reach of potential trouble makers for easy control and domination. They re wiser than all of you but then it is ok to shout especially when your brain has been hollow and incapable of reasoning!

    • bashkano

      A supposedly intellectual person to reason like you do is a great pity. We are really in for more troubles in Nigeria because those who are supposed to behave better are mostly cowed by the pittance they enjoy from their cohort masters Your reasons are so shallow and, as normal, coming only from people who are always blindly obsessed with a clear-cut hatred and enmity towards the North and Muslims, in particular. Anybody with a conscience that does not harbor any ethnic, religious or tribal hatred knows that corruption in Nigeria is a phenomenon that cuts across any of the distinguishing regional lines. As a good Christian that you are, please tell me if our own people are immune to this poignant corruptive tragedies. Only myopic people tend to blame other people for the sins of one individual.

      • blackdove

        First of all he is not a good Christian. Secondly, he hates everyone and not just northern muslims.

    • FineBoy

      If Yakubu was to fund any battle, will it be in a safe? Will it not be in assets or arms?.

    • Eluba Inas

      What a trash you are. Grow up and learn to stand up for the truth and what is right. Stop this nonsense of using tribal, area or religion to make a silly point.

  • Blessdac

    This is sad for a country Whose capital formation effort is completely neglected. This is why the country strolled into recession. The dollars kept away remained idle while companies are dying due to inability to access dollars. God is watching.

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  • blackdove

    Anyone that delivers on the loot of “my fellow widows” will hit the ultimate jackpot!

  • Jonyinternational, USA

    From inception, Nigeria has been robbed by its leaders. Nigeria is supposed to be one of the richest countries in the world but its leaders have plundered it right from the independence. The financial institutions- banks, Nigeria Stock Exchange, private financial institution and the Central bank etc are nothing but houses of fraud run by rogues. Stealing with reckless abandon became the accepted civilization of the Nigeria elite. The precedent of stealing billions of dollars from the federal government without being probed started with the disappearance of more than 15 billion US dollars generated during the Gulf war during the Babangida regime. No body probed it. It is also on record that 8 billion US dollars belonging to NNPC was placed in a private account by Buhari to generate interest for himself. All the successive army presidents / generals looted billions of US dollars from Nigerian treasury and the civilians followed. The discovery of 9.8 million US dollars stolen by Andrew Yakubu is only a tip of the iceberg. Where is the law enforcement agency? Ibori should have a case to answer before the law enforcement agency. What is the job of EFCC? EFCC should seek a mandate to start investigations right from the Gulf war period when the biggest loot occurred in Nigeria; and then probe as well all the subsequent leaders until now. Of course, the corrupt leadership will not give EFCC such powers but the people of Nigeria must demand probes irrespective of how long ago the looting occurred. This is the only way to restore sanity and good precedent in Nigeria. Nigeria is heading towards a failed state; in a failed state, there is so much corruption in the leadership, so much poverty among the ordinary people, so much lawlessness, so much government stealing and so much crime- and such that no one is safe. This is the Armageddon and It is fast approaching; if it happens, Nigerians will become economic refugees all over Africa because Europe will not accept them.