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Andrew Yakubu’s N3billion Scandal Latest

Mr. Andrew Yakubu, Ex-Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) is now battling the Economic and Financial Crimes Commission (EFCC) over the $9,772,800 and £74,000 recovered from his Kaduna house. He is insisting that the huge sum of money which is about N3billion were gifts he got over a period of time not as a public servant or while he was a public servant.

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He revealed that the funds were gifts he got through goodwill, which he enjoyed during various celebrations and ceremonies he hosted in a period of five years.

However, the Economic and Financial Crimes Commission is maintaining that the money is part of proceeds of crime, adding that the ex-NNPC GMD did not declare them as part of his assets when asked to do so as far back as 2015.