Nigeria Seized $9.8m from NNPC Ex-Manager

Nigeria Seized $9.8m from NNPC Ex-Manager

Nigeria’s anti-corruption body seized $9.8m in cash from the former Head of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, as part of the country’s continuous struggle against corruption, reported Reuters. Yakubu was NNPC’s Managing Director from 2012 to 2014.

Graft, particularly in the oil sector on which Nigeria relies, has taken large sums from the country’s coffers.

Spokesperson of the Economic and Financial Crimes Commission (EFCC), Wilson Uwujaren, stated that intelligence led to a raid on the building in northern Kaduna city, where agents found an amount of almost $9.8m and another sum of over $92,000 in sterling cash, reported The Roanoke Times.

President Muhammadu Buhari won office in 2015 partly on a campaign promise to rid the country of the endemic corruption.

Sarah Samir 2790 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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