EFCC charges ex-NNPC GMD Yakubu for alleged 419 over recovered $9.7m cash

Weeks after it recovered over $9.7miilion from the Kaduna home of former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, the EFCC has finally filed a six-count charge against him.

The charges include advance fee fraud, otherwise known as 419, money laundering and failure to declare over $9.7million gifts in Assets Form.

It was learnt that Yakubu may be arraigned anytime soon at the Federal High Court, Abuja.

EFCC in the charges said, “That you Andrew Yakubu( former Group Managing Director of the Nigerian National Petroleum Corporation) on or before the 18th day of August 2015 at the EFCC office at No.5 Fomella Street, Wuse II Abuja within the jurisdiction of this Honourable Court knowingly failed to make full disclosure of your assets to wit: $9,772,800 only in the Declaration of Assets Form you filled at the EFCC dated 18th August 2015 and you thereby committed an offence contrary to Section 27(3)(a) of the Economic and Financial Crimes Commission (Establishment) Act 2004 and punishable under Section 27(3) (c) of the same Act.

“That you Andrew Yakubu( former Group Managing Director of the Nigerian National Petroleum Corporation) on or before the 18th day of August 2015 at the EFCC office at No.5 Fomella Street, Wuse II Abuja within the jurisdiction of this Honourable Court knowingly failed to make full disclosure of your assets to wit: £74,000 only in the Declaration of Assets Form you filled at the EFCC dated 18th August 2015 and you thereby committed an offence contrary to Section 27(3)(a) of the Economic and Financial Crimes Commission( Establishment) Act 2004 and punishable under Section 27(3) (c) of the same Act.

“That you Andrew Yakubu sometime between 2012 and 2014 in Abuja within the jurisdiction of this Honourable Court without going through a financial institution received cash payment of the sum of $9,772,800 only and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 16(2) (b) of the same Act.

“That you Andrew Yakubu sometime between 2012 and 2014 in Abuja within the jurisdiction of this Honourable Court without going through a financial institution received cash payment of the sum of £74,000 only and thereby committed an offence contrary to Section 1 of the Money Laundering (Prohibition) Act 2011 as amended in 2012 and punishable under Section 16(2) (b) of the same Act.

“That you Andrew Yakubu( former Group Managing Director of the Nigerian National Petroleum Corporation) sometime between 2012 and 2014 in Abuja within the jurisdiction of this Honourable Court with intent to avoid a lawful transaction under the law transported at various times to Kaduna the aggregate sum of $9,772,800 only when you knew or reasonably ought to have known that the said funds formed part of the proceed of some form of unlawful activity and thereby committed an offence contrary to Section 7(4) (b) (ii) of the Advance Fee Fraud and Other Related Offences Act 2006 and punishable under Section 7(5) of the same Act.

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“That you Andrew Yakubu (former Group Managing Director of the Nigerian National Petroleum Corporation) sometime between 2012 and 2014 in Abuja within the jurisdiction of this Honourable Court with intent to avoid a lawful transaction under the law transported at various times to Kaduna the aggregate sum of £74,000 only when you knew or reasonably ought to have known that the said funds formed part of the proceed of some form of unlawful activity and thereby committed an offence contrary to Section 7(4) (b) (ii) of the Advance Fee Fraud and Other Related Offences Act 2006 and punishable under Section 7(5) of the same Act.”

The commission Head of Media and Publicity, Mr. Wilson Uwujaren, had in a statement revealed that an EFCC special operation conducted on 3rd February, 2017 in a house in Kaduna belonging to Yakubu yielded the recovery of a staggering $9,772,800 and another sum of £74,000 cash.
The former NNPC boss claimed the funds were gifts, as he has also filed charges against the anti-graft body seeking about N1 billion in damages.

Yakubu has remained in the custody of the commission since the cash was recovered from his house.

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