The Economic and Financial Crimes Commission (EFCC), says it has recovered 9.8 million dollars and 74,000 Pounds, from the former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu.
A statement signed by the EFCC spokesman, Wilson Uwujaren, revealed that the money was hidden in a fire proof safe, inside a building in Kaduna, allegedly belonging to Mr Yakubu.
The EFCC explained that it conducted a raid on the facility on February 3, 2017, after receiving an intelligence report about suspected proceeds of crime, believed to be hidden in the slums of Sabon Tasha area of Kaduna State.
On arrival at the facility, the caretaker of the house, Bitrus Yakubu, a younger brother to Andrew Yakubu, disclosed that both the house and the safe where the money was found belonged to his brother, the former NNPC boss.
Meanwhile Mr Yakubu has reported to the EFCC zonal office in Kano where he has admitted ownership of the recovered money, claiming it was a gift.
A source confirmed that he has since been detained by the EFCC to enable him to speak up on how he came about the huge cash; what it was meant for and why.