Skip to main content

The National looters

By


Andrew Laah Yakubu (born September 10, 1955) is the former Group Managing Director of the Nigerian National Petroleum Corporation. He was dismissed by ex President Jonathan for insubordination and his inordinate motive of larceny. . He was succeeded by Joseph Dawha in 2014. His honors include the Presidential Merit Award by the Nigerian Society of Chemical Engineers (1997) and the GMD of NNPC Award (1987). He was given the chieftaincy title “Iyan Atyap” by the Atyap Kingdom of Kaduna State in 2004, and he is a full member of the Iyan Council of Chiefs.He is a fellow of the Nigerian Association of Technologist in Engineering and an associate fellow of the Chemical Society of Nigeria.
The Economic and Financial Crimes Commission(EFCC) has arrested a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, following the recovery of $9,772,800 and £74,000 cash from him.

Mr. Yakubu is being detained in an EFCC facility in Kano, The Nation newspaper reported.

The cash was hidden by the suspect in a fire-proof safe at his brother’s house in the slums of Sabon Tasha area of Kaduna metropolis.

Mr. Yakubu was subsequently arrested and taken to Kano for interrogation.

Sources said he admitted the ownership of the money which he described as a gift.

He did not name the givers.
But he was driven to Kaduna Friday by the EFCC for a fresh search.
A highly-placed EFCC source said Mr. Yakubu was co-operating well with his interrogators.

“So far, he has cooperated with our investigators by admitting ownership of the funds,” the source told The Nation.

“As I speak with you, we have taken him to Kaduna for another round of search . We are suspecting that there could be more of such slush funds hidden elsewhere. We are not prepared to take things for granted.”

Asked whether the ex-GMD could face trial, the source said: “All I can tell you is that investigation is still on. We are glad that we have recorded a breakthrough.

Comments

Post a Comment

Disclaimer: Opinions expressed in the comments are those of the comment writers alone and does not reflect or represent the views of Gee.

Contacts us with happenings around you on geeblog9@gmail.com and for your free event placement.

Popular posts from this blog

THE AKWA IBOM STATE Government , HOTEL BOOKING LIMITED SIGN MEMORANDUM OF UNDERSTANDING ON WEB DEVELOPMENT TRAINING

By
Akwa Ibom State Government has signed Memorandum of Understanding (MOU) with Hotel Booking Limited to train youths of the state on Web development and design. At the new Secretariat Annex, office of the Chairman, Foreign Direct Investment, Mr. Gabriel Ukpe, venue of the Ceremony, Commissioner for Science and Technology, Dr. Nse Udo Essien in company with other State Government Officials signed on behalf of the State Government while Hotel Booking Limited was led by the Chief Executive Officer (CEO) of the Company, Mr. Mark Essien. Speaking, Dr. Nse Essien said the gesture was in line with the five point agenda of the present administration geared towards engaging our youths positively, creating jobs and alleviating poverty in the state. According to the Commissioner, between 150 – 500 youths would be trained on web design and development using the Ibom e-library and remote locations. He said a platform would be created for intended participants. “The essence of the Memor...
Post a Comment
Read more

Do you know you can get up to 10,000,000 Collateral free loan from CBN, with an interest rate of 5% per annum for up to 7 years tenor?

By Author
How to access up to 10-million-naira collateral-free CBN loan for small businesses and individuals. The Central Bank of Nigeria is giving collateral-free loans of up to N10,000,000 (Ten million Naira) to small businesses in a scheme called; Agric-Business/Small and Medium Enterprises Investment Scheme (AGSMEIS). INTRODUCTION The Scheme supports governments policy measures for the promotion of agricultural businesses, micro, small and medium enterprises (MSMEs) as vehicles for sustainable economic development and employment generation. Objectives of the Scheme To improve access to affordable and sustainable finance by Agri-businesses, Micro, Small, and Medium Enterprises (MSMEs). Create employment opportunities in Nigeria. Boost the managerial capacity of agri-businesses and MSMEs to grow the enterprises into large corporate organizations in line with Federal The government’s agenda to develop the real sector and promote inclusive growth. Eligible sectors/businesses 1....
Post a Comment
Read more

OZUBULU MASSACRE: THE HIDDEN TRUTH REVEALED

By
Following different versions of false news peddled by the Nigerian media and most regrettably, respected individuals, to narrate the very unfortunate incident that happened at St Philips Catholic Church, Amakwa Ozubulu, We, in our culture has dug out the details of this event and how it deteriorated to the August 6 massacre. Aloysius Ikegwuonu (Bishop), presently a drug baron in South Africa, was born in 1981 to the family of Chief Ikegwuonu, Amakwa Ozubulu. He grew up in a very poor home and often helped his mother who trades at Orie Akpu market, Off Ugwu Orie Bus Stop, Amakwa Ozubulu. 'Aloyee' as fondly called by his friends in his early youth stage, first came to limelight in 1999 when he became the senior prefect of Comprehensive Secondary School, C.S.S., (formerly College of Basic Studies, C.B.S.) Egbema Ozubulu; a school founded by Reverend Father Nwabaju Izuchi, a United States based Catholic priest. Right after his secondary school studies which he finished after his ...
Post a Comment
Read more