Home Uncategorized EFCC slams 6-count charge against ex-NNPC boss, Andrew Yakubu

EFCC slams 6-count charge against ex-NNPC boss, Andrew Yakubu

by adminV
The Economic and
Financial Crimes Commission (EFCC) on Friday slammed a six-count charge on a
former Group Managing Director of the NNPC, Mr Andrew Yakubu.
The charge was
contained in court papers filed on  March 9 at the Federal High Court
Abuja.
According to the charge sheet, made available to the News Agency
of Nigeria (NAN), Yakubu was accused of failing to make full disclosure in
his Assets Declaration form of the sums of 9,772 800 dollars and 74,000 pounds
contrary to Section 27 (3)(a) of the EFCC act 2004.

He was also accused of receiving a cash payment of the said sums
without going through a financial institution thereby committing an offence
under the Money Laundering Prohibition Act 2011.
The former NNPC boss was further charged with receiving the same
amount when he fully knew that the said fund formed part of proceed of unlawful
activity.
According to the charge sheet, run counter to Section 7 (4) of the
Advance Fee Fraud and Other Related Offences Act 2006.
The EFCC had in February found about $9.8m and 74,000 pounds kept
in a rundown bungalow in Sabon Tasha a suburb of Kaduna, which it said was
concealed by Yakubu.
A court in Kano later ordered the forfeiture of the money to the
federal government following a motion filed by the anti-graft agency.
However, the former NNPC boss has filed a case in another court in
Kano seeking the vacation of the earlier court’s order.
He claimed that the money was proceeds of various gifts given to
him while he was working with the NNPC.

 

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