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EX-NNPC Boss, Yakubu Tells Court $9.7m, £74,000 Found In His House Were Gifts - Crime - Nairaland

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EX-NNPC Boss, Yakubu Tells Court $9.7m, £74,000 Found In His House Were Gifts by Eborabadan(m): 12:39pm On Jul 09, 2020
On Wednesday, ex-NNPC boss, Mr. Andrew Yakubu, who is facing money laundering charge told the Federal High Court in Abuja that the $9.7million and £74, 000.00 the Economic and Financial Crimes Commission (EFCC) found in his house in 2017, was gifted to him.

Yakubu, in his defence, said he received the monies in tranches of not more than $10, 000 and not more than £5, 000.

The ex-NNPC boss who testified as his witness told the court that people gave him monetary gifts on occasions such as birthdays, thanksgiving services, and other celebrations he hosted after he left service.

Recall that the EFCC through its whistleblower policy raided Yakubu’s guest house situated at Sabon Tasha, Kaduna State, and recovered funds which were in foreign currencies.

The EFCC said it discovered the sum of $9.7million and £74,000 that the ex-NNPC boss hid in a fireproof safe inside the house.

A Federal High Court in Kano had on February 13, 2017, issued an interim order that forfeited the recovered monies to the federal government.

Even though the EFCC filed a six-count criminal charge against Yakubu who was the ex-NNPC boss between 2012 and 2014, the court, on May 16, 2019, struck out counts 5 and 6 of the charge based on a no-case-submission that was made by the Defendant.

Read more===https://thestreetjournal.org/2020/07/ex-nnpc-boss-yakubu-tells-court-9-7m-74000-found-in-his-house-were-gifts/

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