An official of the Financial and Monetary Crimes Fee (EFCC), Mr. Ahmed Yahaya, on Tuesday informed the Federal Excessive Courtroom in Abuja how the N3bn equal of the sums of foreign exchange recovered from a Kaduna home of a former Group Managing Director of the Nigerian Nationwide Petroleum Company, Andrew Yakubu, was moved to the Central Financial institution of Nigeria for safe-keeping.
Yahaya who’s of the Kano zonal workplace of the EFCC was testifying as for the third prosecution witness earlier than Justice Ahmed Mohammed.
The EFCC is prosecuting Yakubu on six-counts bordering on fraud and false declaration of property instituted in opposition to him on March 10, 2017.
Operatives of the EFCC had recovered the sum of $9.7m and £74,000 stashed in an enormous fireproof protected in a home belonging to Yakubu in a home in Kaduna.
Yahaya informed the court docket on Tuesday that the recovered cash was taken away from the home in iron containers now being stored on the Central Financial institution of Nigeria.
The witness, led in proof by EFCC’s lead prosecuting counsel, Mr. Ben Ikani, mentioned he was the fee’s exhibit keeper in Kano State.
He mentioned, “My lord I do know the defendant. On February three, 2017, at about four:50 pm, my head of operations known as and knowledgeable me workforce of operatives connected to Intelligence Particular Operation Part, ISOS, have been getting back from Kaduna on particular project and that they have been coming again with a full cupboard protected.
“He informed me to make all of the preparations for assortment of the displays recovered. At about 6:30 pm, the workforce of operatives arrived with the recovered exhibit and the caretaker of the mentioned exhibit, often known as Bitrus Yakubu.
“The recovered protected which was made by Gubabi was opened by specialists and monies have been found in that protected.
“The recovered monies have been counted within the presence of the investigating workforce, the zonal head of operations, the deputy zonal head of operations and Mr. Bitrus Yakubu.
“Lastly, a complete sum of 97,725 items of 100notes of United States have been found, valued at N9. 772million.
“Then six items of 50 notes of USD, valued at $300 and 1,480 items of 50 notes of Pound Sterling valued at £74, 000 have been additionally recovered from the protected.
“The monies have been duly packaged and registered within the Courtroom Exhibit Register and tagged with CER-038/17. That was on February 7, 2017.
“On February 13, 2017, I acquired a court docket order from the authorized division and investigative workforce for the interim forfeiture of the recovered quantity.
“After all of the related investigation, the entire monies have been carried to the Kano department of the Central Financial institution of Nigeria on March 17, 2017, for correct safe-keeping.”
The protection counsel, Mr. Ahmed Raji (SAN), informed the court docket that he was not conscious that EFCC took any insurance coverage coverage in respect of the cash is stored on the CBN.
The choose, Justice Mohammed, nevertheless, adjourned the case until February 28 for the point out.