The Economic and Financial Crimes Commission, EFCC, on Monday, gave reasons why it withheld alleged stashed loot that its operatives recovered from the home of a former Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu.
The EFCC, through its lawyer, Mr. Faruk Abdullah, told the Federal High Court sitting in Abuja, that it has gone before the Court of Appeal to set aside the judgement that dismissed a money laundering case it instituted against the former NNPC boss.
It will be recalled that the anti-graft agency had on the strength of a tip-off by a whistleblower, raided Yakubu’s guest house situated at Sabon Tasha, Kaduna State in 2017 and discovered the sum of $9.7million and £74,000 which he hid in a fireproof safe inside the house. It held that the EFCC was unable to adduce sufficient evidence in support of the charge, adding that it failed to prove that the defendant received all the monies at once.
“A prudent investigator could have asked the defendant to provide the names of some of his friends and other individuals who had given him monies as gifts or as goodwill and find out how much each person had given him and thereafter invite them to find out the truth or otherwise,” Justice Mohammed added.
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