The Economic and Financial Crimes Commission (EFCC) on Friday filed a six-count charge of non-asset disclosure and money laundering against former Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, before the Federal High Court, Abuja.
This follows the startling discovery of $9,722,800 and £74,000 stashed in a fire-proof safe in a house owned by Mr. Yakubu in Kaduna State.
According to NAN, the suit (FHC/ABJ/CR/48/2107), the EFCC is alleging that Yakubu flouted Section 27 (3)(a) of the EFCC Establishment Act, 2004 and punishable under Section 27 (3)(c) of the same Act for failing to make full disclosure of the sum of $9,722,800 in the assets declaration form he filled at the EFCC office on August 18, 2015.
The commission also alleged that the former NNPC GMD was alleged to have willfully avoided lawful transaction by transporting to Kaduna, at various times.
Furthermore, the anti-graft agency stated that Yakubu knew, or should have known that the sums of money were proceeds of inappropriate and illegal activity, an offence contrary to Section 7 (4)(b)(ii) of the Advance Fee Fraud and Other Related Offences Act, 2006.
The embattled former NNPC chief, who claims that the huge sums of cash were gifts he received from friends and well-wishers over a number of years, earlier this week filed a rights enforcement suit against the anti-graft agency.
EFCC meanwhile has asked the Federal High Court Abuja to strike out the suit on the basis of lack of merit.
