FG Files Corruption Charges Against Ex-NNPC Boss Yakubu

The Federal Government has filed a six-count charge against former Nigerian National Petroleum Corporation, NNPC, boss Andrew Yakubu at the Federal High Court, Abuja.

Yakubu was accused of failing to declare the sum of $9,772,800, £74,000 in an assets declaration form filled at the Economic and Financial Crimes Commission, EFCC, office in Abuja on 18 August, 2015. The crime violated Section 27(3)(a) of the EFCC Establishment Act of 2004 and punishable under 27(3)(c) of the same act.

He was also said to have violated the money laundering act, for receiving the said sums and $72,800 through a financial institution. Yakubu was accused of transporting the sums in batches to Kaduna knowing they were proceeds from unlawful activity.

The sum of N3 billion, $9.2 million, was found in cash in his home in Kaduna State. The location of the stash had allegedly been revealed by a whistle-blower.

 

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