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How Andrew Yakubu’s 3.04Bn Naira Loot Can Help Nigeria [INFOGRAPH]

How Andrew Yakubu’s 3.04Bn Naira Loot Can Help Nigeria [INFOGRAPH] File photo

A Civic technology group, BudgiT has constructed a visual narrative to demonstrate how the looted funds by the former NNPC GMD, Andrew Yakubu can help Nigeria in development projects for the benefits of Nigerians.

The Economic and Financial Crimes Commission (EFCC) on Friday said Andrew Yakubu, former group managing director (GMD) of the Nigeria National Petroleum Corporation (NNPC), claimed that the sums of $9.8m and £74, 000 found in his house were gifts by 'ghosts'.

Wilson Uwujaren, EFCC spokesman, who disclosed this in a statement, said the money was found in a hidden fire-proof safe.

“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.

“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 and another sum of £74,000.

“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 a gift from unnamed persons. He is currently assisting the investigation.”

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