Former Group Managing Director of the NigerianJ National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, who is facing money laundering charge, on Wednesday, told the Federal High Court in Abuja that $9.7million and £74, 000.00 the Economic and Financial Crimes Commission, EFCC, found in his house in 2017, were part of monies people gave to him as gifts. Yakubu, who opened his defence before the trial court, said he received the monies in tranches of not more than $10, 000 and not more than £5, 000. Testifying as his own witness, the former NNPC boss told the court that people gave him monetary gifts on occasions such as birthdays, thanksgiving services, and other celebrations he hosted after he left service. It will be recalled that officials of the EFCC had on the strength of a tip-off by a whistleblower, raided the Defendant’s guest house situated at Sabon Tasha, Kaduna State, and recovered alleged loot which was in foreign currencies. EFCC said it discovered the sum of $9.7mill...
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