The Economic and Financial Crimes Commission (EFCC) on Friday slammed a six-count charge relating to non-asset disclosure and money laundering against a former Group Managing Director (GMD), Nigeria National Petroleum Corporation (NNPC), Mr Andrew Yakubu, before the Federal High Court, Abuja.
The charge, which was contained in court papers filed on March 9, is not unconnected to the discovery made by the commission of $9,722,800 and 74,000 pounds stashed in a fire-proof safe in a house owned by him in Kaduna – monies he claimed were gifts he received from friends and well-wishers over a number of years.
In the charge sheet, which was made available to the News Agency of Nigeria (NAN), Yakubu was accused of failing to make full disclosure in his Assests Declaration form of the sums of 9,772 800 dollars and 74,000 pounds contrary to Srction 27 (3)(a) of the EFCC act 2004.
In the suit (FHC/ABJ/CR/48/2107), he was also accused of receiving a cash payment of the said sums without going through a financial institution thereby committing an offence under the Money Laundering Prohibition Act 2011.
The former NNPC boss was further charged with receiving the same amount when he fully knew that the said fund formed part of proceed of unlawful activity.
In the last count, the former NNPC GMD was accused of intent to avoid legal transaction by transporting 74,000 pounds, which he knew or should have known constituted part of the proceed of an illegal activity in contravention of the Advance Fee Fraud Act and punishable under same.
See documents containing the 6-count charge below: