- Former NNPC GMD Andrew Yakubu has made a shocking claim regarding the source of the over N3.8 billion found in his home
- Yakubu said 98% of the money are gifts from well-wishers while the remaining two percent is from the savings he made from estacode while in office
- The former NNPC boss is standing trial for alleged money laundering offences preferred against him by the EFCC
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Former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, has explained the alleged source of the over N3.8 billion found in his home.
According to Channels TV, Yakubu said 98% of the $9,772,800 and £74,000 cash recovered from a safe in his house in Kaduna state are gifts from well-wishers.
He also claimed that the remaining two percent is from the savings he made from the estacode he received while in office.
Legit.ng gathers that the ex-GMD of NNPC confirmed that the money in a safe which is referred to in counts three and four of the charge against him was recovered from his home.
The former NNPC GMD is standing trial for alleged money laundering offences preferred against him by the Economic and Financial Crimes Commission (EFCC).
Meanwhile, the ongoing probe of the embattled acting chairman of the EFCC, Ibrahim Magu, entered day three on Wednesday, July 8, as witnesses were reportedly invited to testify.
Magu was reportedly grilled for over 10 hours over the allegations levelled against him by the AGF and justice minister, Abubakar Malami, after which he returned to the custody of the Force Criminal Investigation Department (FCID) where he is being detained.
The probe is getting widened as the panel invited top officials of the EFCC and the Nigerian Financial Intelligence Unit (NFIU) to respond to relevant questions.
It was gathered that the chairman of the panel, Justice Salami assured Magu and others involved in the probe of fair hearing.
The panel also reportedly clarified that it had no information that Magu had been suspended from office.
On the part of the embattled EFCC boss, he allegedly promised the panel to make available documents and files as may be requested.
He is also believed to have told the panel that he never disobeyed the minister of justice. The invitation of the witnesses was also reportedly on the request of Magu.
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