See Bundles of Hard Currencies Found in Secret Bunker of NNPC's Ex-GMD (Photos) | EtimaNews | Latest News updates in Nigeria

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We reported on Thursday that the gallant operatives of the Economic and Financial Crimes Commission (EFCC) discovered multi-million hard currencies after a raid on the home of former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu in Kaduna state.

The anti-graft agency has now elaborated on how its operatives stumbled on the $9.8 million loot recovered from Yakubu who was the GMD of the NNPC between 2012 and 2014.

Earlier report had estimated the loot at $9.2million. But the EFCC said it is $9, 772,800.


The huge cash was hidden in a fire proof safe. 

EFCC said a special operation conducted by its operatives on 3rd February on a building belonging to Yakubu in Kaduna yielded the staggering sum and another £74,000 (Seventy Four Thousand Pound Sterling) cash.

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.

Sabon Tasha is a poverty stricken area of the capital.

The most surprising: the huge money was kept in this small bungalow in Sabon Tasha 

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 (Nine Million, Seven Hundred and Seventy Two Thousand, Eight Hundred United States Dollars) and another sum of £74,000 (Seventy Four Thousand Pound Sterling)," the source said.

On February 8, 2017, Andrew 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.

He is currently assisting the investigation.

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