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How we found $9.8m, £74,000 in Andrew Yakubu’s house, by EFCC witness

Ibrahim Ahmadu by Ibrahim Ahmadu
May 9, 2017
in Legal, News
0
Ex-GMD of NNPC Yakubu: Money in my Kaduna residence not received from Bola Shagaya, Omokore, Aluko

Yakubu

A prosecution witness in the ongoing trial of Andrew Yakubu on Tuesday told the Federal High Court, Abuja, how the $9.8 million and £74,000 was found in the defendant’s house in Kaduna.
Yakubu, former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), was arraigned by the Economic and Financial Crimes Commission (EFCC) on a six-count charge of money laundering and false asset declaration.
The zonal office was located at No 2 Hazkamp Road, Kano.
Led in evidence by prosecuting counsel, Ben Ikani, the witness,  Tasiu Abubakar, who is a superintendent of police attached to the EFCC, said on February 2, the EFCC Zonal Head of Operation in Kano received information of money kept in the defendant’s house in Sabon Tasha, Kaduna State.
The witness said when it received the information, the zonal head directed the Intelligent and Special Operation Section (ISOS) to carry out an investigation on the said house.
He said on their arrival at the house, a search warrant was obtained and they presented it to the caretaker of the house, Mr Yakubu Bitrus, a brother to the defendant.
“We then demanded for the key to the house from his brother who told us the key was not with him but he then called an iron bender who came with break-in materials and opened the door.
“When we entered the room, we discovered another unlocked door and inside it we saw a grey colour gubabi four panel safe and a white excel CPU component which Bitrus said belonged to the defendant.
“After discovering the safe, the team along with the defendant’s brother, proceeded to EFCC office in Kano where key experts were invited to unlock the safe,’’ he said.
The witness added that the zonal head also invited the services of a Bureau de change operator who came with two machines and counted the money which amounted to 9,772,800 dollars and £74,000.
Abubakar said the defendant was out of the country for medical treatment when the money was recovered but on February 8, he came with his counsel and his statement was recorded.
He further said that an order of forfeiture of the money was made and a court order for the defendant to be detained was issued.
He also said the money recovered from the defendant’s house was kept at the Central Bank of Nigeria (CBN) for safe keeping.
Justice Ahmed Mohammed admitted in evidence the four-panel safe, the search warrant and the defendant’s statement after the prosecution applied to tender them.
When cross examined by the defence counsel, Ahmed Raji (SAN), the witness said all money recovered during investigation was registered as exhibit, pending the determination of the matter.
The judge adjourned until May 24 for continuation of the trial.

Tags: efccyakubu
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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.