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.”
Brazil became the first team to qualify for the World Cup on Tuesday after beating Paraguay to clinch an eighth consecutive victory as Argentina's campaign
Arsenal star Alexis Sanchez powered Chile to a 3-1 victory over Venezuela on Tuesday as the South American champions edged ahead of Argentina in the
United States coach Bruce Arena accused Panama of targeting teenage star Christian Pulisic after a rugged CONCACAF World Cup qualifying battle ended in a 1-1
Most Watched VideosView all posts
- Lagos state governor, Mr Akinwunmi Ambode is not happy with his predecessor, Babatunde Fashola - The governor has accused the federal ministry of works, power
Mixed reactions have trailed the recent policy of the Nigeria Customs Service (NCS) concerning payment of Customs duty on vehicles at Zonal offices of the
A group called the Yoruba Council of Youths Worldwide has called on the National Assembly to set up a committee to investigate the health status
The Nigerian Association of Women in Agriculture (NAWIA) has called on the three tiers of government to allow women inherit 60 per cent of farmlands
In recent times, reports of the successful passage of contraband or substandard goods through the boarders into the country, calls for concern. Nigerian lives endangered as
Charly Boy has released a music video in protest against the current state of affairs in Nigeria. The video is title ''Our Mumu don do.'' See
Most Read NewsView all posts
Chinko Ekun, Dek-Niyor Entertainment latest signee has released the visual of his dance motivated track, 'Shake it'. Production credit of the song goes to beat maker,
JOHN SHIAONDO 15 corpses of some persons killed and buried by suspected herdsmen who attacked communities in Buruku Local Government Area of Benue State, between 10
An Ivory Coast jury on Tuesday acquitted former first lady Simone Gbagbo of crimes against humanity during the 2010-11 post-election crisis in a stunning verdict
An ongoing probe, ordered by the Minister of Finance, Mrs. Kemi Adeosun, has uncovered a massive fraud in the Federal Government Youth Enterprise With Innovation
Republic of Ireland manager Martin O'Neill hopes injured captain Seamus Coleman will be able to follow the example of former Celtic star Henrik Larsson in
NATO ambassadors will meet the Russian envoy on Thursday in a new bid to ease tensions on the eve of the alliance's first talks with
Most Watched Movies
This is a Nigerian Nollywood Ghallywood 2015 Movie, Wow what a faithful act, as Wilsom takes home a beautiful mad lady he met on the
A woman gives birth to a set of twins and died but the babies were seperated at birth.years later one of them becomes a robber
About a young girl that was frustrated and angry at her mother,blames her for her blindness.because of this she was always angry with everybody then