The discovery of the stashed money in Sabon Tesha, a suburb in Kaduna, was the peak of an investigation by the commission into the period Yakubu headed the NNPC in the last dispensation. Acting on an intelligence, the commission, it was gathered, commenced investigation leading to the discovery of the funds in a facility, whose caretaker, Mr. Bitrus Yakubu, claimed to be a younger brother to the ex-NNPC boss.
The younger Yakubu, who was around as of the time EFCC officials stormed the building noted that his elder brother owned the building and the safe where the cash was hidden. It was further learnt that when the safe was opened, it contained the sum of $9,772,800 and another sum of £74,000. On the strength of the finding which was confirmed by the Spokesperson of the EFCC, Mr. Wilson Uwujaren, Saturday Vanguard gathered that Yakubu was invited on February 8, 2017, by the commission and consequently detained. The former NNPC boss, who is currently being held by the anti-corruption agency, acknowledged owning the recovered money.
Yakubu, who was relieved of his position as the head of the NNPC in 2014 by ex-President Goodluck Jonathan, was the fourth head of the corporation in that dispensation. His appointment which took effect on July 1, 2012, was reported to have been terminated as a result of disagreement over who to appoint as the Managing Director of Nigerian Petroleum Development Company Limited, NPDC. An investigation by Premium Times had revealed that Yakubu’s insistence that only someone with technical background was fit to head the NPDC, resulted in a clash of interests with the then Minister of Petroleum, who allegedly engineered his removal by the administration of ex-President Jonathan.