Home Metro Over N3.8bn Cash Recovered From Home Of Former NNPC Boss Yakubu, Claims 98% Are Gifts
MetroNews

Over N3.8bn Cash Recovered From Home Of Former NNPC Boss Yakubu, Claims 98% Are Gifts

Share
Over N3.8bn Cash Recovered From Home Of Former NNPC Boss Yakubu, Claims 98% Are Gifts | Daily Report Nigeria
Share

Following the recovery of over N3.8 billion cash found from a safe in the home of former Nigeria National Petroleum Corporation (NNPC) Boss, Andrew Yakubu has revealed the source of the recovered suspected looted funds.

Andrew Yakubu who served as the former General Managing Director of the NNPC has said that 98% of the money were gifts from well-wishers, while 2% are savings made from Estacode during his tenure.

Yakubu who is standing trial on alleged money laundering crimes levelled against by the EFCC explained the source of the money found in his home.

Yakubu explained that 98% of the $9,772,800 and €74,000 cash found in his home in Kaduna were gifts from well-wishers, while the remaining 2% are savings.

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Tension As Shiites, Security Agents Clash In Abuja | Daily Report Nigeria
Metro

Tension As Shiites, Security Agents Clash In Abuja

Five people have been rumoured dead, following a shooting during protest in...

Natasha
News

Senator Natasha Petitions IG, Kogi CP Over Alleged Forgery in Recall Process

Senator Natasha Akpoti-Uduaghan is facing a recall petition from her constituents in...

Nigeria Introduces Stricter Immigration Policy: 5-Year Ban for 3-Month Visa Overstay | Daily Report Nigeria
News

Nigeria Introduces Stricter Immigration Policy: 5-Year Ban for 3-Month Visa Overstay

FG has introduced a stricter immigration policy to tackle visa overstays. Foreigners...

JUST IN: Protest Rocks Abuja, Military Reacts | Daily Report Nigeria
Metro

JUST IN: Protest Rocks Abuja, Military Reacts

Armed to the teeth with banners and placards, residents in Abuja have...