A week ago the Economic and Financial Crimes Commission (EFCC) uncovered millions of dollars hidden by former managing director of Nigerian National Petroleum Corporation (NNPC) Andrew Yakubu.
It was gathered that the raid on Yakubu’s residence was due to a information given to the commission by a whistle-blower.
Following the raid, $9.8 million and 74,000 British pounds were recovered by the EFCC.
Although the former managing director claimed that the money was presented to him as gift by an associate, a Federal High Court sitting in Kano has ordered that the monies be forfeited to the federal government.
Also, few days after the money was recovered by the EFCC, Yakubu was arrested and later granted administrative bail by the commission.
The bail condition given by the EFCC included the provision of a surety, Daily Nigerian reports.
The online news media also said a serving senator stood as surety for the former NNPC’s managing director.
Sources said the anti-graft agency had planned to detain Yakubu pending its conclusion on investigations against him.
The source, however, the senator representing Kaduna South senatorial district (Peoples Democratic Party) Danjuma Laah, 56, filled the bail document for the release of Yakubu.
He also said Laah, popularly known as ‘the sleeping senator’ is a regular visitor to Yakubu’s Unguwan Wakili residence in Zangon Kataf Local Government Area of Kaduna state.
The source also said a retired military army general is among many others trooping the EFCC headquarters to facilitate Yakubu’s release.